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Young Money is an online magazine for people who are interested in earning money, investing money and spending money. Learn about careers, entrepreneurship and personal finance.
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Check your credit cards. The fine print says they can raise those interest rates for no reason!
October 28, 2009 at 7:50am
Eric
Are you sure about that? The one thing Obama has done right was the legislation dealing with this exact issue. May want to look up the specifics, but it's not as easy for them to raise rates on unsuspecting consumers anymore.
October 28, 2009 at 7:54am
YOUNG MONEY Magazine
"Congress is pretty much powerless to stop credit card companies from raising rates and adjusting minimum payments, because they are allowed to do so under current laws and regulations. The changes do not take effect until February 2010."
October 28, 2009 at 11:29am
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