On Demand
It's Always Christmas for the Credit Card Companies
Monday, December 19, 2005
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
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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!
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