Wednesday, March 25, 2009

Delay on credit card rules draws fire

Anita Hare thought she was playing it smart when she took advantage of a low introductory interest rate on her Chase credit card to buy a Harley-Davidson motorcycle last spring. For four months, the 46-year-old from Baltimore County said, she paid her bill on time at a rate of 3.99 percent. Then she missed one payment by a few days — and her rate shot up to 28 percent, she said. The higher rate has pushed her balance above the original cost of the Harley.
"I was so careful not to let that happen," she said. "I've been absolutely livid."


Walgreen profits decline 7%
Washington Report: Mortgage Interest Write-Off
Washington Report: Refinancing