DIRTY LITTLE SECRETS CREDIT CARD COMPANY’S DON’T WANT YOU TO KNOW
Most people know that when your credit card bill arrives, it needs to be paid on time or you’ll be hit with a hefty late fee. However, many don’t realize that paying late entitles the credit card company to raise your interest rate immediately and significantly. Worse yet, paying late on even one of your other bills entitles all your credit card companies to raise their rates!
You better believe they are just waiting for the opportunity to increase your interest rate! This is why they continually monitor your credit report. Interest rates can be increased if a consumer exceeds their credit limit, bounces a check, or applies for additional credit.
Key takeaway always pay well before due date.
Have a great day,
Al Grant Realty Group – Re/Max Allegiance
Office Phone: 202-580-6607 – Cell Phone: 202-256-8592
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