Sunday, December 21, 2008

Credit Card Companies Giving Out Coal This Year

"No break seen on credit cards; Fed cuts will have little effect on debt incurred on plastic" by Associated Press | December 18, 2008

Just because the Federal Reserve is cutting interest rates, don't expect your credit card company to necessarily do the same. Card issuers are likely to remain stingy about who will receive better rates - so relief from heavy credit card debt may not be a gift many will receive this holiday season....

Snip, snip, snip; oh, look at that: plastic all over the floor.

--more--"