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December 07, 2006

Top Ten List of Worst Credit Card Company Practices

The following list will come as no surprise to those who have felt the sting of credit card industry practices– or listened to cardholders as they tell horrifying tales of exorbitant rate hikes, hidden fees, indecipherable cardholder agreements, or “bait and switch” marketing offers.

However, it bears noting that, while the credit card industry has long been attacked for its aggressive marketing and usurious interest rates, the situation today has escalated to the boiling point, and many Americans see no way out.

What is most disturbing of all, however, is the fact that the credit card companies continue to send the clear message that they simply don’t care about their customers.

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