Posts Tagged ‘interest’
Credit card companies have written the rules so that they can change the terms of their agreement at any time. They mail out a tiny 32-page booklet with minuscule print stating the new terms. Who reads these terms? Most people do not! Most people notice the new terms when their minimum payment doubles or even [...]
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- Tags: credit, interest, Reduce, Strategies
Factors Affecting Credit Card Interest Rates
18 Jan 2011There are four factors that affect credit card interest rates. These are credit rating, employment history, repayment history and debt to income ratio. Normally, interest rates are connected with the prime rate. What is the prime rate? Well, it is the common national rate standard given by the Federal Reserve Board. Your interest is being [...]