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Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

Late Fees on the Rise
The report released Wednesday by the Government Accountability Office, Congress' investigative arm, describes the fees, interest rates and disclosure practices of 28 popular credit cards. It found that late fees averaged $34, up from $13 in 1995, while some credit card issuers impose penalty interest rates of more than 30 percent on consumers who pay late or exceed the credit limit.
        Categories:  Credit Cards Fees,Late Fees
        Reporting Pub:  MSNBC
        Reporting Date:  10/12/2006
        Article Title:  Study: Credit card late fees are higher
        Article Author:  Associated Press
        Pub's Source:  Government Accountability Office
        Source URL:  View details from source
 

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