Wednesday, February 3, 2010

ITEM #4: PROCESS ALL CREDIT CARD PAYMENTS IN REAL TIME

A sneaky little trick the bank does is to charge you a late fee on your credit card payment if you make your payment over a weekend. Because payments are logged electronically there is no justification for this. The bank only does this so that they have an excuse to charge you a higher interest rate on your card.

Demand number 4 is that all credit card transactions and payments are processed in real time.

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