Credit Cards: Who gets the rate increase?


	Credit Cards: Who gets the rate increase?

Brian Wingfield

10-29-2008 9:12 AM

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tags:

credit cards

Brian Wingfield says:

That's the big question here. Also, doesn't this make it more difficult to pay? Seems to parallel the teaser rates on mortgage loans--when rates jumped, borrowers couldn't pay, exacerbating the problem.

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