Summary
Did you get your letter yet? The one telling you your credit card interest rate is rising to 24 percent and your grace period is shrinking to 10 days?
You might have thrown your letter away unopened. It probably looked like a junk-mail offer for insurance or a brokerage service. My husband and I opened ours and, after poring over small type and gobbledygook, finally got the message: We were getting a lump of coal in our stocking.See the full content of this document
Extract
A Holiday Gift: A Credit-Card Crisis
My first impulse was to call up the card company and scream at somebody. An irate phone call, however, seldom fixes anything. It only makes life hard for the poor ...
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