Using credit cards is fine, but watch the fine print
Hidden charges, fees, interest rates can nip at your wallet. Know your card's terms
If you're sick of Jingle Bells and Deck the Halls, Consumers Union has a new tune to get stuck in your head.
It's Always Christmas Time for Visa, an animated music video that can be found at www.creditcardreform.org, is described by the organization as a ``lighthearted take'' on credit card fees, interest rate increases, and mind-numbingly complex and oh-so-tiny fine print.
There's nothing lighthearted about being slammed by $30 fees and 30 percent interest rates. So it's no wonder young people feel burdened by their credit card bills.
More than half of 18- to 24-year-olds asked about their holiday credit card bills were ``somewhat'' or ``very concerned'' about their ability to pay off the balances. One-third of 25- to 34-year-olds felt the same way in the survey, commissioned by the Consumer Federation of America and the Credit Union National Association.
If you're sick of Jingle Bells and Deck the Halls, Consumers Union has a new tune to get stuck in your head.
It's Always Christmas Time for Visa, an animated music video that can be found at www.creditcardreform.org, is described by the organization as a ``lighthearted take'' on credit card fees, interest rate increases, and mind-numbingly complex and oh-so-tiny fine print.
There's nothing lighthearted about being slammed by $30 fees and 30 percent interest rates. So it's no wonder young people feel burdened by their credit card bills.
More than half of 18- to 24-year-olds asked about their holiday credit card bills were ``somewhat'' or ``very concerned'' about their ability to pay off the balances. One-third of 25- to 34-year-olds felt the same way in the survey, commissioned by the Consumer Federation of America and the Credit Union National Association.
Read more at: Using credit cards is fine, but watch the fine print
posted by e-borneo.com @ 6:00 PM
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