Credit Cards News

WASHINGTON (AP) - 1204dv--credit--cards Check your holiday credit card bills closely. Some credit card companies are raising interest rates on good customers even if they pay down their balances, on time, every month. The reason they cite is that the customer's credit rating has fallen elsewhere. That was a rude surprise to Janet Hard a stay-at-home  ...

WASHINGTON (AP) - Congress is renewing its scrutiny of the credit card industry, as some lawmakers denounce the practice of raising customers' interest rates when their credit scores decline, even if they make their card payments on time. Industry critics say it's another example of abusive, confusing credit card practices that can push consumers deeper into debt. Sen. Carl Levin, D-Mich., chair ...

WASHINGTON (AP) - Some members of Congress are denouncing credit card industry practices that include raising interest rates for customers whose credit ratings decline, even if they make their card payments on time. Industry critics say it's one more example of abusive, confusing practices that can push consumers deeper into debt. Sen. Carl Levin, D-Mich., chairman of a Senate Homeland Security  ...

Alan O'Sullivan, This is Money3 December 2007 Chat | Vote | Guide | Calculate The Co-operative Bank stands accused of cutting the credit limit of all of its credit card customers due to strains caused by the summer's credit crisis. WANT TO KNOW MORE? Credit card charges soar as firms tighten the screw Best credit card rates, deals and offers Don't get caught by the credit card cru ...