Thursday, June 4, 2009

Update on New Credit Card Trick

Well, it wasn't a trick. It was just the "Skip a Payment" option.
It's there on the statement, but you have to look hard to find it.
That's a point that was missed in the new law.
That all terms, conditions should be highlighted when they are not part of routine account handling.

I'm not all that happy with the new credit card law because I'm probably going to end up a loser with higher interest rates and a shorter grace period. We'll see.

1 comment:

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