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Phillyfanfrombirth · 01-04-2006, 02:45 PM

Credit card minimum payments will be up this month as the effects of the BK laws take effect...

So don't count on those ultra cheap rates, I think the law has card companies charging at least 1% of principle per month. So, if you aren't paying any interest, a balance of 5k will cost you $50 a month, minimum. More than that when the interest comes due.

01-04-2006, 02:45 PM	#7
Phillyfanfrombirth Registered Member Join Date: Dec 2004 Location: South Central PA Posts: 358	Re: well just got a new credit card today Credit card minimum payments will be up this month as the effects of the BK laws take effect... So don't count on those ultra cheap rates, I think the law has card companies charging at least 1% of principle per month. So, if you aren't paying any interest, a balance of 5k will cost you $50 a month, minimum. More than that when the interest comes due.