It would now appear that the situation with the mortgage industry is having another effect. Now it's spilling over into the credit card industry. Because of the losses a lot of banks are experiencing they are looking to recoup their losses by increasing the interest rates and fees on credit cards even if you have not been late.
Fees across the board are going up it would appear, including atm fees, late fees, balance transfer fees, or even exceeding your credit limit. These are all fees that will definitely affect us.
It would appear that the end is not in sight.
To Your Great Success
Mel Richardson
VisionStar Enterprises
Melvin21@msn.com
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