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Article: Banks, credit cards out to take your cash.(Business)
- Article from:
- The Boston Herald
- Article date:
- October 27, 2009
- Author:
CopyrightCOPYRIGHT 2009 Boston Herald. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Barry Armstrong
What should I be aware of with the banks and credit card companies as they continue to attempt to recoup their losses from the past two years?
Most banks are currently in crisis mode. The bad loans they have made over the past decade are really hurting them moving forward. As they continue to make up for their bad decisions, banks and credit card companies are devising new ways to make up for lost revenue.
Always read the fine print. Smart consumers are always looking for a lower rate of interest on a credit card balance, but what you may be missing are the balance-transfer fees. Some companies may charge you a 3 percent ...