Credit Card companies playing hard ball

With these current economic conditions, the urgency to dump the credit card debt has never been greater. Actions this week only reinforce that thinking.

An article in the Sacramento Bee this week mentions how credit card companies from American Express to Washington Mutual are getting tough on their terms from interest rates, to fees and even minimum amounts due. All this is impacting ALL clients, including those with outstanding histories on their accounts.

Some Chase customers are seeing their minimum due double, a customer with Washington Mutual has seen his interest rate triple from 9.9 percent to 29.9 percent!

Unless it is absolutely necessary, stop using those credit cards.