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Even if you have on-time payments every month and spotless payment history and in good standing your interest rate could still rise (although new rules require credit card companies to give advance disclosure of rate increases, even if this information is already in the contract). Buried deep in most contracts is wording that your interest rate can be changed at any time for any reason with 15 daysu2019 notice. Letu2019s say you make a purchase thinking you have an excellent 7% rate; before your payment becomes due, the card company raises your rate to a fat 10%!
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Where Did My Low Interest Rate Go? Feel Free To Call US 1-800-808-1613 Landline 416-848-0469 Fatal Facts Of Credit Cards www.mortgagedeliveryguy.ca
Where Did My Low Interest Rate Go? Even if you have on-time payments every month and spotless payment history and in good standing your interest rate could still rise (although new rules require credit card companies to give advance disclosure of rate increases, even if this information is already in the contract). www.mortgagedeliveryguy.ca
Where Did My Low Interest Rate Go? Buried deep in most contracts is wording that your interest rate can be changed at any time for any reason with 15 days’ notice. Let’s say you make a purchase thinking you have an excellent 7% rate; before your payment becomes due, the card company raises your rate to a fat 10%! Highway robbery? Yes, but you can do nothing about it because it’s mentioned in the contract. www.mortgagedeliveryguy.ca
Where Did My Low Interest Rate Go? THANK YOU www.mortgagedeliveryguy.ca
