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Originally Posted by DwnWthVwls
Can you be more specific?
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Where the cardholder doesn't understand the terms of their agreement. A couple of examples would be adjustable rates and mandatory spending terms. Then there's deceptive practice such as "innovative" APR calculations that leave out fees because they've outsourced those fees to a 3rd party (who the CC company pays on your behalf, of course).
Quote:
Originally Posted by DwnWthVwls
What do you think needs to be better clarified or explained in their term agreements?
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Credit card companies aren't traditionally the most transparent businesses. They'll push an excited kid through a contract that they know they don't entirely understand. It's manipulative.