Credit Card Counseling

Plot your revenge against misleading credit-issuing companies with a little credit card counseling.

Regain Your Footing With Credit Card Counseling.

Are you fed up with credit card abuse? Let us rephrase the question: who do you suppose is doing more of the abusing--you are the credit card companies you hold accounts with?

It could turn out to be a little of both. We're not letting the credit issuing companies off the hook on this one. The last decade of so has seen an influx of restrictions and adaptations in account policy and terms that hurt the consumer. May we present to you the notion of credit card counseling? From a certified credit counseling agency?

The Truth

Ever consider getting the upper hand on your credit accounts, once and for all? Use the credit card counseling industry to act as your arsenal of information. Staying informed is key. By becoming more aware of trends in the system, you'll be more apt to stay one step ahead of the credit-issuing companies. Your credit card counseling course of action can provide you with a wealth of information. Consider a few concepts:

1. The Decline of the Grace Period. What is a grace period? It's the time period in which a transaction accrues no interest. Historically, many companies enforced grace periods of the entire month. Currently, the norm is 23 days; while some cards have no grace periods at all. Where's the grace in that? Let your credit counseling expert walk you through the fine print of any potential credit-issuers you may be considering.

2. Low Minimum Payments. These are designed to sound attractive to lure in consumers. But any credit card counseling program that can hold its own will show you how misleading this is. They actually encourage consumers to pay more in finance charges as the repayment duration period increases dramatically. Historically, the industry standard was 5%. This has shifted to 2-3% currently.

3. Surging Over-the-Limit Fees. In 2000, only one card charged a fee, less than twenty dollars, to cardholders who had exceeded their limits. The highest fee was $35. Conversely, research conducted in 1995 found only one bank to charge a fee over $20. The clincher, as your credit card counseling professional can point out, is that many companies assess this fee to cardholders who exceed their limits by as little as one dollar.

With all this in mind, isn't it about time you allow the credit card debt counseling industry to place you on the other side of the equation? Go for it. Begin your credit crusade with help from consumer credit counseling today.

About Us | Contact Us | Site Map | What's New | View as RSS