Released: December 05, 2007

Credit card execs defend practices

Source: Associated Press [USA Today]

Check your holiday credit card bills closely.

Some credit card companies are raising interest rates on good customers even if they pay down their balances, on time, every month. The reason they cite is that the customer’s credit rating has fallen elsewhere.

That was a rude surprise to Janet Hard a stay-at-home mother of two teenage boys from Freeland, Mich.

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