
- September30 2004
- Volume 11
- Issue 18
The Fix Isn't in
When you signed up for your creditcard, the issuer probably made you abunch of promises, including a fixed interestrate. Guess what? That fixed rate isn'tcarved in stone. The credit card issuer canchange it by giving you as little as 15 days'notice. As the Federal Reserve bumpsinterest rates up, watch your mailbox fornotices that your credit card company isratcheting your interest rate up a notch.Some issuers, including MBNA Corp andWells Fargo, have already notified cardholdersof higher rates. Higher rates arebad news for the estimated 35 millionAmerican households who are either overtheir card limit or behind in payments onat least one card. The average US householdis carrying $6300 of credit card debt,according to government figures.
Articles in this issue
almost 18 years ago
Discover the Value of Staying Involvedalmost 18 years ago
Has Diversification Been Resurrected?almost 18 years ago
Retire the Jersey of Your Aging Stocksalmost 18 years ago
Climb the Ladder of Bond Investingalmost 18 years ago
Consider Your Options in Foreign Stocksalmost 18 years ago
Shrink Away from Your Big Mutual Fundsalmost 18 years ago
Click on the Best Online Stockbrokeralmost 18 years ago
Doc's Stocks Contest #12 Current Standingsalmost 18 years ago
Close-Up: Business Entitiesalmost 18 years ago
Grasp the Super IRA's Asset Protection


































































