Tag Archives: credit card debt

Money Myths: “Late Fees Aren’t the End of the World”

Money Myths: “Late Fees Aren’t the End of the World”

We all know about the evils of credit cards. We know that credit card companies will let you borrow money “free” and then hit you with enormous interest rates that nearly reach the statutory limits of usury. We know that many millions of Americans are trapped in their credit card debt and find it nearly impossible to climb out. We know all of this because every other personal finance article discusses the dangers of credit card usage. What is rarely mentioned are the greater evils of late fees. Continue Reading