Credit cards: change and saveAccording to the 2006 report of the Government Accountability Office (GAO), consumers who have Advanta credit cards for large national companies stations have 80% of the balance of which is owed 1.8 trillion in credit cards in the country. "These big banks of credit cards, have used a variety of tricks and traps to increase their interest rate charges and income in the last decade," said Travis Plunkett, legislative director of the American Federation of Consumers in Washington, DC "The tactics are unfair to consumers and in some cases even abusive." The report by the GAO warns that such issuers charge interest rates in quantities that have grown much faster than inflation. The report also found that the publications of the major issuers of credit cards are confusing, conceal important information and often not disclosed to cardholders when late fees or surcharges interest rates could be charged. |
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