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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Payment Holiday Date:  4/27/1998  4:52 PM
Author:  TMF2Aruba Number:  1277 of 312188

<<My credit card company has a new scheme to get you into debt. They informed me that since I have been so good at paying off my cards, I deserve a payment holiday and don't have to send them a minimum payment. Of course if you look at the small print, interest will still accrue during the payment holiday. It appears they are frustrated that they can't collect finance charges from me.>>

Hey, PSU!

I've brought this up on the boards in the past. I get that "payment holiday" offer all the time. Don't go for it!

It's nothing more than a scam to get finance charges.

They can't fool a Fool!

...but I still am...

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