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Re: Late payments
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Posted by joanne (217.162.250.103) on June 03, 2002 at 13:23:52:
In Reply to: Re: Late payments posted by leggosyd on June 03, 2002 at 13:18:02:
well I have read, in relation to the massive rate increases recently by sub primes, Do not close the acct with a balance, its a negative, and worse is if THEY close the acct with a balance, actually the credit cards, especially sub primes, are making their money from late fees and over the limit fees, due to the high rate of credit card defaults in USA today,, but a prime card will also raise your rate,, and you run the chance, of cont,, paying late,, they close the acct by credit granter, which is a neg on report,,
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