Seems as if the gobbledygook banks use is used deliberately to hide sleazy practices.
• Like penalty rates when you're late on some other bill.
• Soaring late fees that have risen more than 160% since 1995.
• "Double cycle" billing to calculate interest rates.
What's seems far more unfair - in fact downright sleazy - is imposing onerous rates and fees on consumers and failing to tell them about it in plain language.
Posted by Jill Fallon at October 31, 2006 3:09 PM | TrackBack | Permalink