|Articles|September 16, 2008

Physician's Money Digest

  • 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

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Discover the Value of Staying Involved

almost 18 years ago

Has Diversification Been Resurrected?

almost 18 years ago

Retire the Jersey of Your Aging Stocks

almost 18 years ago

Climb the Ladder of Bond Investing

almost 18 years ago

Consider Your Options in Foreign Stocks

almost 18 years ago

Shrink Away from Your Big Mutual Funds

almost 18 years ago

Click on the Best Online Stockbroker

almost 18 years ago

Close-Up: Business Entities

almost 18 years ago

Grasp the Super IRA's Asset Protection

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