Mainstream Lenders Cranking Up Fees
It looks like the big lenders are trying to pass the pain of the credit crunch on to consumers any way they can. There have been several articles lately about Visa's move to increase their rates and the rising cost of bank fees. Here are two:
CityNews: Visa Rates Skyrocket - Just In Time For The Holidays
"Starting next month, Visa is boosting its interest rate for customers who miss two consecutive minimum payments - ensuring those most in debt will be the hardest hit."
Wall Street Journal: Banks Boost Customer Fees to Record Highs
"Banks are responding to the troubled economy by jacking up fees on their checking accounts to record amounts."
Labels: Payday_Loan_Alternatives


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