Your Debt May Raise Your Credit Card Rates

Consumers are now finding that it may not matter if they pay their credit card bill on time — the company that issued the card may still increase their rate. Many banks are now raising rates based on a card holder's overall credit or debt. For example, take out a new mortgage, have an unexpected medical bill or miss a car payment, and you may find your credit interest jump or even double. This is an issue that affects many Americans. Over 75 percent of Americans have at least one credit...Full Story
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