Friday, February 4, 2005

Truth About Credit Cards: Watch Your Due Dates

So, they can do whatever they want to? Why yes, they can. Take a look at your due dates.

You might find that some of your cards have due dates that change each month.

There is not a wide fluctuation, like say from the 3rd to the 23rd, but it may move a day or two here and there.

So, what this allows the credit card companies to do is put your due date on a Sunday or a holiday here and there in the hopes that you might get a little too busy and forget to make your payment on time.

It might sound a little trivial, but they make millions in extra revenue each year by doing this and it is all perfectly legal...

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