Be Careful in Credit Card Agreement, Credit Tips
Most Credit card holders don’t understand many things in their credit card rules. This is because the credit card company made the rule and it is made to be difficult to understand. Only small part of the credit card holder who able to read the agreement issued by the credit card company. If you see the detail of it, usually the terms printed with small font and gray color behind the monthly billing.
In the agreement list inserted causal that is mention that the agreement can be changes anytime with notice 15 days before. Generally, that change related about something that has some disadvantages for the credit card holder. For example about the interest and fees (delay cost, over-limit cost and sometime called as the administrative cost).
The interest and fees are unstable, whatever the credit card company want. Although, you always pay your credit card billing on time. However, the credit card company able or always increasing the interest rate. Especially, because of several things such as after the promotion period over, one year after you apply (they are give for 3 months only), late to pay in credit card from another company, late pay your telephone billing, electricity, card credit, home or the credit card company assume that you have much loan everywhere. This practice called the universal default clausal. It refers to standard clausal in agreement between the credit card holder and Credit Card Company.
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March 9th, 2009
Tips Credit