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<<The details on credit cards should be upfront and clear. In fact, any company that doesn't follow the rules should be held seriously accountable.>>

This reminds me of a recent class action lawsuit filed against several retailers. (Best Buy, CompUSA, Circuit City, and others). Basically the story goes like this.
The retailer prints in their Sunday flier that you don't pay any interest for 12 months or 6 months. What they DON'T tell you is that if 100% of the amount is not paid off by the 365th day, you will be charged the entire amount in interest, not your balance.

Let's say you charge $100 on your retailer credit card. You pay $8 a month for the first 11 months, but you miss the 12th month. You think you're going to pay interest on the amount you owe, $12. WRONG. You pay interest on the $100 as if you haven't paid any interest from day one.

Having worked one of these retailers, I always explained this to customers, some listen, some don't. I noticed the fine print in the Sunday papers, most people skip this "mumbo jumbo".

Several states filed lawsuits about 12-18 months ago. They basically cited deception and the such. Now if you look at your Sunday ads, you'll notice better information about their promotion.
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