• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Law Offices of Jonathan G. Stein Logo
(916) 247-6868
  • Home
  • About Me
    • Organizations, Publications and Presentations
  • About You
  • Practice Areas
    • Debt Collection
    • Estate Planning
    • Personal Injury
    • Landlord Tenant
  • Client Testimonials
  • Resources
    • Blog
    • Brochures
    • Helpful Links
  • Contact

California Debt Blog: Read your credit card inserts carefully

December 7, 2007 by Jonathan Stein

We all know that if you miss a payment, get behind on payments or don’t pay the minimum amount, the credit card company may raise your interest rate. But, did you know that even if you make every payment on time they may raise your rates?

Laurie Kellman wrote this story which appeared in the Houston Chronicle. Witnesses told the Senate about stories where they made every payment on time, but their rates still went up. The credit card companies defend the practice on the grounds that the consumer’s overall credit rating went down. Congress is looking into the matter.

In the meantime, make sure you review your credit card statements, and inserts, very carefully. If you see a rate increase, call your credit card company and ask them about it.

Categories: Credit, News

Primary Sidebar

Sign Up For Our Newsletter Below

Lists*

Allow Me to Help You

    Footer

    Contact Us

      Practice Areas

      • Debt Collection
      • Estate Planning
      • Personal Injury
      • Landlord Tenant
      The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any matter. The transmission and receipt of information contained on this Web site, in whole or in part, or communication with The Law Offices of Jonathan Stein via the Internet or e-mail through this website does not constitute or create a lawyer-client relationship between this firm and any recipient. You should not send any confidential information in response to this webpage. Such responses will not create a lawyer-client relationship, and whatever you disclose will not be privileged or confidential unless this firm has agreed to act as your legal counsel and you have executed a written engagement agreement with The Law Offices of Jonathan Stein. The Law Offices of Jonathan Stein © 2023. All rights reserved. | Sitemap | Privacy Policy | Disclaimer