This morning I read an interesting article on MSN Money regarding Capital One and how they offer its most vulnerable borrowers additional cards which in turn help them dig ever-deeper holes with penalties of hundreds of dollars a month. Now I have heard this before but never this bad. As great as having credit cards are one must be very careful when carrying them so they don’t fall into the traps that all the credit card companies try to lure you into. Obviously they are pretty successful at this otherwise they wouldn’t contiue to do it. I would reccomend you reading this article so that you too can be ready when a credit card company tries to trap you into one of their schemes.

Good Luck!

This entry was posted on Wednesday, December 6th, 2006 at 12:48 pm and is filed under In the News, financial advice. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.