CHESSNOID

I have worked in collections for 20 years and though I don’t have internal reports to look at to determine why this is happening while unemployment has risen consistently for the last few quarters the answer is quite simple. Credit card companies allow collection accounts on the verge of being charged off to become [...]

You have good to perfect credit, a high FICO score, and you haven’t made any late payments to any creditor.  Why the surprise when you open your statement and your credit card company gives you an unwanted gift in the form of higher rates, higher minimum payments, lower credit limits, and of course higher fees?  [...]