Credit Card Companies Grilled Over Interest Rate Hikes

It's about time.

Read HERE.

I REALLY agree with the fact that people who pay their payment on time should not be penalized with higher interest rates simply because their credit score drops.

Your thoughts?

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  1. cookie on December 5, 2007 at 12:45 am

    If you pay your credit card bill in full and on time, why should you care what your rate is? Unless you actually got a card with no grace period …

  2. cockadoodaldoom on December 5, 2007 at 4:46 am

    I feel for people that carry a balance, and am glad that I am no longer in that category (thanks in large part to Mr. Sangle).

  3. first usa on December 13, 2007 at 4:19 pm

    How can I establish credit again if they don’t give me a chance. I used to have excellent credit until my husband ruined that because he never worked. I’m now divorced and would like to try to get my credit back. I also have unpaid medical bills.

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