| Ever wonder why your credit card bill
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| | cartel, or price fixing structure. Also
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| comes to you from the likes of Sioux
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| | there is the possibility that the credit
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| Falls, South Dakota? Basically because
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| | card which is shown as being in default
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| this state is the home of some major
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| | may not actually be, but instead it could
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| credit card issuers who take advantage of
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| | be the result of an error on the lending
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| the state's lack of interest in credit
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| | institutions part. If this is the case,
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| card consumer protection laws. Also this
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| | while the customer has full legal rights
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| may be due in part to a lack of a state
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| | to have the error corrected on his credit
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| corporate income taxes. There are many
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| | report, any lender who instituted the
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| financial service companies located in
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| | universal default rate is under no
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| South Dakota including Great Western
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| | obligation to return to the normal rate.
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| Bank, Total Card Inc., BankFirst, Capital
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| | It simply goes without saying that this
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| Card Services, HSBC, PREMIER Bankcard,
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| | sort of position leaves many credit card
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| and Wells Fargo.
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| | holders in a state not unlike that of
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| Credit card fees over the years recently
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| | anger. Simply put, this is not right.
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| have skyrocketed from $2.6 billion in
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| | Over the last few years there have been
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| 1980 to over $22.5 billion in 2006. The
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| | several attempts by concerned congressmen
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| thing that has a great number of
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| | to simply have the practice of universal
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| consumers and advocates irked is a common
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| | default outlawed. One such congressman
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| practice named "universal
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| | was Sen. Chris Dodd, D-Conn. Still, these
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| default""universal default". In this
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| | card companies are also amongst the
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| scheme when you are late paying any bill,
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| | political party contributors, and seeking
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| the credit card company will raise your
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| | meaningful changes such as these in the
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| rate, sending some rates far higher than
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| | face of subtle corruption has always been
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| 20%. There have been many criticisms of
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| | a daunting task. "I've never been able to
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| this structure including the concept of
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| | get a bill passed of any major
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| one lender charging a higher price when
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| | significance because they're so big and
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| their customer defaults with another
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| | so influential," says Dodd.
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| lender has been compared to having a
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