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You are here: Home / Archives for rate jacked

rate jacked

Banks Raise Credit Card Interest Rates Based on Risk – But This Leads to Losses

August 8, 2017 by Michael Bovee Leave a Comment

More than half of all of the people that have consulted with Consumer Recovery Network over the  years, have indicated that credit card interest rate increases had made it harder for them to keep up with their monthly payments. Why are these increases happening? In many cases it’s because of something called the universal default, […]

Filed Under: banking practices, Blog, economy Tagged With: bank rates, credit card fees, credit card payments, high interest rates, rate jacked

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