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Unformatted text preview: Page 2 Credit Card Forgiveness Sharita Smith Com/156 November 21, 2010 Professor Karen Williams Page 2 Credit card companies charge outrageous interest rate fees for monthly credit card payments. Credit card companies take inhabitants through the third-degree when someone claims his or her credit card has been stolen. Credit card companies hassle a variety of different people severely on a daily basis about making credit card payments more frequently. Credit card debt comes when people live above their lifestyle and think they can keep up with payments. The government should force all credit card companies to give the American citizens a break until the economy gets back on the right track. In todays economy, credit card companies charge outrageous interest rate fees for monthly credit card payments. Credit card companies charge interest according to what peoples credit score may be. There are many different types of credit scores. They are developed by independent companies, credit reporting agencies, and even some lenders. The three types of credit scores are Equifax, Experian, and TransUnion. Equifax is one of the three major credit reporting bureaus in the United States and also operates in other countries. While it is a private company, it works closely with the government in countries of operation to ensure that privacy laws are not violated and may even report suspicious activity from time...
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This note was uploaded on 12/09/2010 for the course COM 156 taught by Professor Hampton during the Fall '10 term at University of Phoenix.
- Fall '10