The Leonard Lopate Show: It's Always Christmas for the Credit Card Companies

It's Always Christmas for the Credit Card Companies

Consumers have few protections when it comes to credit cards. Many of us pull out the plastic a lot during the holidays. Leonard talks to Gail Hillebrand, a lawyer for the Consumers Union.

» www.CreditCardReform.org

Comments [1]

Sacredminds from California

I appreciate the article in the May 2007 issue of CONSUMER REPORT: Regarding and confirming the fact that "late charges" are imposed when employees of Credit Card companies do not process payments "on time." I realized this when I sent a payment to the next city, driving distance away mind you!, It was 7 days in advance of rhe payment date! The payment was not posted on time! When I telephoned cust. service, I was told that the Postal service was the blame! After that I sent it "certified mail," the payment posted in 2 days! I believe it is wrong, unfair, and outrageous practice to earn extra monies from customers!

May. 08 2007 11:06 AM

Score: 0/0

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