Happy Holidays

Happy HolidaysThis holiday season, credit card companies are giving the gift of unexpectedly high interest rates. According to an exhaustive report in
By John Amato — November 27, 2004

Happy Holidays

This holiday season, credit card companies are giving the gift of unexpectedly high interest rates. According to an exhaustive report in The New York Times, credit card companies are doubling or tripling interest rates with little warning or explanation, forcing thousands of Americans to pay unreasonable and unwarrantedly higher bills. The slightest slip--like paying a utility bill late--can lead to a rate hike, with card companies "acting like modern-day loan sharks," writes The Times. Halliburton isn't the only one overcharging America.

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