The Credit Card Valve Is NOT Easy to Control

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As a result of these challenging economic times, many Americans exceed their credit card's maximum line of credit thus triggering the default 29.9% interest rate inflaming an already daunting financial problem. Most credit card companies take no responsibility because they believe the card holder has fallen into a trap largely of their own making. At least when the mob was in the loan shark business, their victims didn't have to put up with that kind of self-righteous nonsense. This article details how the banks and credit card companies prey on the poorest of us and offers simple strategies on avoiding this almost criminal act.

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