Tag Archive | “consumer cards”

Credit Card Interest Rates Spike

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When a legislation has been signed by President Obama  that restricts many credit card company practices about which consumer groups have lodged long complains about, it has been said by the bank executives that it would force them to raise interest rates across the board. It is possible that it might be happening.

Credit-Card-Interest-Rates

According to IndexCreditCards.com, by which the industry is tracked, in July credit card rates were at 18-month high rate levels.

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