Buying things you don't need with money you don't have?
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Your Money: Take the sting out of credit card ‘gotchas’
March 13, 2007

Source: USA Today
Sandra Block has written an article on debt and credit cards that is worth reading. She starts by writing that, “If you want to get a group of people riled up, ask them how they feel about their credit card issuer. But send the children out of the room first, because you’re likely to hear language that’s inappropriate for tender ears.”

It is clear that Sandra has a good understanding of credit cards in our society when she writes, “Americans use credit cards to pay for everything from groceries to speeding tickets. But they’re increasingly besieged by colossal fees and interest-rate increases that seem to hit them without warning or justification.”

Read more on unpopular credit card and bank practices such as Universal Default and Double Billing.


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