Credit card minimum payment doubles!
Hi, did a brief search and didn't see anything about this topic...am I the only one that thinks this has come out of the blue? for those who don't know, most of the major credit card companies are raising the minimum payment from 2% to 4% in the next few months. OMG. I don't know where I will find the extra cash! The reason is that the government has decided that we will all never get out of debt at this rate (SO TRUE), but they made the law in 2003 and I am JUST NOW hearing about it?
Has anyone seen the increase on their bill yet? From what I understand, Citibank, BankOne MNBA and other biggies are implementing it now.