The credit card companies wasting no time now that they have rammed thru their new bankruptcy laws (which incidentally allow them to garnish your wages).
Got my bill yesterday from the aforementioned card company. Noticed a sudden 3-fold jump in my finance charge over last month.
After checking the statement out here is what I found:
They CHARGED me the CASH ADVANCE interest rate but "cleverly" posted the finance charge correctly under the "PURCHASES" category next to the lower "PURCHASES" interest rate. Makes it quite a bit easier to slip past the old customer now doesn't it?
I of course called and they tap-danced around before admitting it was wrong and crediting my account.
Why am I posting this? Since a computer program generates these bills there is NO WAY it ONLY happened to me. You can bet your sweet asses that MILLIONS of other people will NOT notice this and will get the BONE.
BEWARE MAD-JACKERS!
I filed a complaint online with my Attorney General's Office and hopefully these scumbags will be fined heavily. I hope others do the same in their states.
Got my bill yesterday from the aforementioned card company. Noticed a sudden 3-fold jump in my finance charge over last month.
After checking the statement out here is what I found:
They CHARGED me the CASH ADVANCE interest rate but "cleverly" posted the finance charge correctly under the "PURCHASES" category next to the lower "PURCHASES" interest rate. Makes it quite a bit easier to slip past the old customer now doesn't it?
I of course called and they tap-danced around before admitting it was wrong and crediting my account.
Why am I posting this? Since a computer program generates these bills there is NO WAY it ONLY happened to me. You can bet your sweet asses that MILLIONS of other people will NOT notice this and will get the BONE.
BEWARE MAD-JACKERS!
I filed a complaint online with my Attorney General's Office and hopefully these scumbags will be fined heavily. I hope others do the same in their states.
