Tuesday, October 27, 2009

Got Perfect Credit? It'll Cost Ya...


Let's see....banks get money from taxpayers to save their sorry behinds..check...

Now what do banks do to forthright customers who have perfect credit? They charge them for it!!
The banks are starting to charge fees to reliable customers in response to a slew of new credit card industry regulations that will limit when banks can hike interest rates. Cardholders who get a new annual fee notice in the mail will be in a no-win situation.

"They can either pay that fee or they can close the account, and if they have had the account for a while and they close it, they are potentially going to hurt their credit card score," said Woolsey.

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