Writing for SmartMoney.com, Kelli B. Grant’s article entitled, “How to Blow Your Credit Limit — Without Spending,” (March 11, 2009) warns of a new threat: card issuers cutting credit limits “below the balance” that account holders currently owe. As per one example in the article, this can result in overlimit fees:
Paul Pensabene of Saratoga Springs, [...]
Posts Tagged ‘Class Action’
Card issuers cutting credit limits “below the balance” that account holders currently owe
Chase’s new 5% minimum payment: An increase so onerous, it would make a loan shark’s mother proud
Considering that this (February 13, 2009) post that I have found entitled, “Chase Raises Minimum Payments on Credit Cards, Adds Fee,” is on a website with the name, The Truth About Credit Cards.com, I see some irony. Quoting from the article, we note that the Chase corporate line has been used abundantly:
In an effort to crack down [...]
I always try look for the bright side when I’m feeling like this fight is never-ending, or that I am alone against a giant monster, the credit card industry.
A ScrippsNews article entitled, “Fighting credit-card changes,” by Claudia Buck of the Sacramento Bee typifies the kind of thing that on some days, drives me crazy.
My wife, who has just had major surgery, cannot lift, climb, bend or drive, is still back in Tennessee. Meanwhile, here I am in North Carolina, because this is where [...]
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