Atlanta Consumers Faced With Higher Credit Card Interest Rates
You win some, you lose some - at least, that's the way it seems with this year's new credit card laws.
On the one hand, recent consumer protection rules will give consumers a chance to get current on credit card payments and remedy mistakes before they're hit with penalties they can't afford, like suddenly rocketing interest rates. On the other hand, with banks unable to increase rates and fees on delinquent borrowers, they're increasing rates for everyone. That means paying more interest on your debt, even when you pay the bills on time.
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