INTEREST RATES ON CREDIT CARDS

CREDIT CARD INTEREST RATES going up higher has never been a surprise no matter how good you are at keeping up with payments and watching your balance. Until there's regulations regarding these issues, we are all pretty much at their mercy when borrowing their money. And that is what we are doing when we use a credit card. Some people can afford to pay off their balances monthly, but then there's the rest of us on a budget. Having only one credit card can somewhat help control this problem and make it a little easier to keep one's head above water. But that's how these companies make money and again what makes the world go round. It only adds to the frustration of not getting into a debt that becomes out of control. Don't panic and stay calm, but quit using that card even if you aren't done shopping. Believe me, the relatives can survive better knowing you're o.k. No one wants to be the cause of someones demise!! And the girlfriend should be a good person and big enough to accept anything instead of an expensive bangle (or take a second look if she's not). This is learning to train yourself on dealing with a budget and your money. Being hog tied to a credit card bill for more than a year is unnecessary. Looking at the balance and the payments can give a clue as to what action you need to take. Remember, you can always call the other creditors and make arrangements to help ease the problem.
WONDERING HOW THIS ALL STARTED is going back to the ads sent to you in the mail offering these good interest rates; of course small print reveals a limited period of time and then the interest rate will revert back to it's original price including any increases. Being totally aware of all the fine print is another way to do one's homework. Sometimes, even that will not stop this from changing and still be unexpected. Keep a good sense of humor and go in stride realizing anything that can happen, probably will. And, everyone seems to be hit by these changes. Regulate your use and remember, it's the same scenario with any credit card company, so don't be surprised when nothing is different if you change credit card companies.