Don't miss a credit card payment, or the APR could soar - Los Angeles Times

Even in the best of times, carrying a balance on your credit card is a risky -- and costly -- proposition. These days, it can be downright foolish, at least if there's a chance you might miss a payment or two.

Millions of cardholders have recently received letters from the likes of Citibank, Bank of America Corp., Wells Fargo & Co. and American Express Co. notifying them that their interest rates are going up, in some cases to 30% if a single ... Full Story »

Posted by Doug Greer
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Subjects: U.S., Politics, Business, Extra
Member Tags: Bank Bailout
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Posted by: Posted by Doug Greer - Feb 18, 2009 - 9:12 AM PST
Reviewed by: Doug Greer (review)
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Edited by: Doug Greer - Feb 18, 2009 - 9:12 AM PST

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Doug Greer
4.9
by Doug Greer - Feb. 18, 2009

I would like to have more details on which banks received bailout money, but I suspect that information is still being kept secret by the Federal Government.

At a Senate Banking Committee hearing last week, Sen. Christopher J. Dodd (D-Conn.), the committee chairman, said lenders are “gouging” customers to boost their ... More »

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