According to a piece by Marketwatch columnist Marshall Loeb, Americans fork over 31 billion dollars in credit card fees every single year. I don't really have a lot of commentary on this piece, but I think this is an important piece for EVERY consumer to read. Chances are that, if you have a credit card, you are paying some fees that you don't need to be. Read it here.
In addition, I just received an advertisement for a new documentary called Maxed Out, about the predatory practices of the financial services industry. It's playing in a few theaters right now, but as soon as it comes near me, I'll be going to see it. I also ordered the accompanying book Maxed Out: Hard Times, Easy Credit, and the Era of Predatory Lenders.
Are you paying more than you have to?
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