Debt relief question

81

The Jeagler wrote:

he still stands wrote:

blackredyellow wrote:

I always hear about these terrible credit card fees and ungodly interest rates, but having credit cards for 15+ years, I've never been assessed any sort of fees, except once when I didn't pay my bill on time, but a quick call got that taken care of.

yes, if you always pay on time you should be okay... if you get tight with your cash flow and are slow on a few payments the interest rate automatically goes to 22% or higher and is likely to stay there forever.

congress just passed new laws making it more difficult for credit card companies to continue that kind of practice......however this probably means higher fixed rates for everyone though.

i'm not sure which is wrose, cc companies or congress.