Always Read The Fine Print.
December 1st, 2008 by admin
In today’s credit-driven economy, it’s of utmost importance to understand the terms and conditions of all your credit providers.
What makes this necessary is the fact that a lot of credit card companies will lure customers into credit programs with very low, or possibly even 0% rates, to get their business.
Once a customer, the fine print of the service agreement (which often goes unread) goes into effect. The time frames of these after-introductory rates vary, but nevertheless, they can be costly.
This is why you should always read every word of a service agreement prior to signing the line.
If not, your introductory rate of 0% turns into its ugly cousin, the 18% or more APR, after a few months. Ouch.