Lenders are increasingly using risk-based pricing to make loans. If you don't find out your credit score, check your credit report and correct mistakes, you're going to be totally in the dark, and run the risk of paying far higher interest rates on loans.
The banking industry has become so competitive that there are widespread free accounts out there with no conditions whatsoever.
All too often, companies take data security far too casually. I guess they assume nothing is going to happen.
In the long run, it's a good thing for the consumer.
If you make a couple of late payments on a new card with an introductory rate, ... your annual percentage rate could jump as much as 15 percentage points.
Consolidation makes it easier for these anti-consumer policies to take hold.
This is not brain surgery. This is common sense. I'm baffled. I really am.
That's a safety issue. There is no question about that.
We would have preferred the new rates be phased in over a year or two, so consumers had a chance to adjust to it. It's going to be sticker shock, especially because it hits right after Christmas.
In essence you incurred the balance while you were much more credit worthy in the eyes of the credit card company.
