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  • Stone County Enterprise, Feb 11 2010

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    MAGNOLIA CLIPPING SERVICE (150'1) 855-0'911 ; (205)758.8610 STONE CO ENTERPRISE WIGG'NS, 1.15 Cwculation = 2881 WEEKLY 0211012010 1!11I!'1I1!11I1U11I1:IIIII'11111 BBB Issues Warning about Bank Card Fee Increases 1 <. r'" .t- ) ""'" The Better Business Bureau (BBB) Sening )iississippi warns COIl­ sumers that banks are increasing credit card rates and fees nexi montb, an action many consumers bave forgotten about because it was approved eight months ago. While consumers can shop ar

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    MAGNOLIA CLIPPING SERVICE (150'1) 855-0'911 ; (205)758.8610 STONE CO ENTERPRISE WIGG'NS, 1.15 Cwculation = 2881 WEEKLY 0211012010 1!11I!'1I1!11I1U11I1:IIIII'11111 BBB Issues Warning about Bank Card Fee Increases 1 <. r'" .t- ) ""'" The Better Business Bureau (BBB) Sening )iississippi warns COIl­ sumers that banks are increasing credit card rates and fees nexi montb, an action many consumers bave forgotten about because it was approved eight months ago. While consumers can shop ar

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    Attribution Non-Commercial (BY-NC)
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    31 views1 page

    Stone County Enterprise, Feb 11 2010

    Uploaded by

    bmoak
    MAGNOLIA CLIPPING SERVICE (150'1) 855-0'911 ; (205)758.8610 STONE CO ENTERPRISE WIGG'NS, 1.15 Cwculation = 2881 WEEKLY 0211012010 1!11I!'1I1!11I1U11I1:IIIII'11111 BBB Issues Warning about Bank Card Fee Increases 1 <. r'" .t- ) ""'" The Better Business Bureau (BBB) Sening )iississippi warns COIl­ sumers that banks are increasing credit card rates and fees nexi montb, an action many consumers bave forgotten about because it was approved eight months ago. While consumers can shop ar

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    MAGNOLIA

    CLIPPING SERVICE

    (150'1) 855-0'911 ; (205)758.8610

    STONE CO ENTERPRISE

    WIGG'NS, 1.15

    Cwculation = 2881

    WEEKLY

    0211012010
    1!11I!'1I1!11I1U11I1:IIIII'11111

    BBB Issues Warning about Bank Card Fee Increases


    1 <. r'"
    .t- ) ""'"
    The Better Business legiSlation was passed so interest rate hikes affect compaoies might be offer­
    Bureau (BBB) Sening long ago that most con, on:y cllstOlners who carry a ing better deals (such as
    )iississippi warns COIl­ sumers have forgotten the balance, some cllstonlers low introductory rates)
    sumers that banks are increases are coming." in good standing ha"e seen tbat will give the holder a
    increasing credit card rates SC'dmmers are using this their rates increase as well. less expensive way to pay
    and fees nexi montb, an as an opportunity to steal Anyone who belie,es their down debt. Shopping
    action many consumers personal information and rate was increased by mis­ around often pays off.
    bave forgotten about use it to commit fraud later take should contact their Manage credit responsibly,
    because it was approved on. The typical scam proce­ credit card company. There According to banks, most
    eight months ago. While dure reported to the BBB is evidence that credit card rate bikes affect people
    consumers can shop by consumers is that they companies might be willing who maintain balances on
    around for a better rate, receive calls from organiza­ to negotiate rates in order their card or have rates
    there may be little they can tions promising lower to keep cardholders as cus­ that are too low for the
    do about the increases credit card interest rates. tomers market. Tberefore, one of
    other tban be aware of To accomplish this. the Payoff the account. If the the best ways to avoid a
    them. Consumers need to callers sal' they need per­ cardholder doesn't want to sudden interest rate hike is
    especially guard against sonal information: such accept the new rate, they to use credit cards respon­
    scammers using these sodal security and bank can chuose to keep their sibly (which includes pay­
    increases as an opportunity account numbers, current Tate and payoff ing bills on time and not
    to steal personal informa­ The BBB ollers the fol­ their outstanding balance. carrying a halance).
    tion from indi,iduals look­ lowing ad,ice that con­ as long as they don't make they should contact their
    , ing for better rates. sumers ",an take both any new purchases. If anY' financial institution direct­
    "Many hanks are chang­ sbort-term and longer neW purchases are made, ly to discuss and negotiate
    ing interest rates and fees range to help tbem obtain the higber rate "ill be a lower rate.­
    before a new set oflaws lower Tates: enforced.
    designed to protect con­ Contact your credit card Find a better deal else­
    sumers will go into effect company. While most where, Other credit card
    in February." explains Bill ------------- ,,-~--

    :'loak, President/CEO of I-I


    the ~Iississippi BBB. "This I
    I

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