Late credit card payments up

We are all feeling the pinch of the summer gas prices. Be careful if you are late the Credit Card Company can raise your rates. So not only do you get hit with a late fee but an over all increase in monthly due to the credit company

Late payments on credit card bills edged up this past spring, when high energy prices were squeezing the finances of some people and making it hard to pay bills on time.

The American Bankers Association, in its quarterly survey of consumer loans, reported Wednesday that the percentage of credit card payments 30 or more days past due increased to 4.41 percent in the April-to-June quarter, up slightly from 4.40 percent during the January-March period.

Late credit card payments edge higher – Yahoo! News

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