Credit card penalty rate

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Credit card penalty rate

Postby ccco on August 4th, 2010, 5:44 am

Credit card penalty rates are mainly calculated on the basis of outstanding dues that have not been paid for a certain period of time. If you are not able to meet the minimum monthly requirements, you will also be required to pay a penalty rate as well. This in effect is known to effect your over all credit rating.

More at: What is a Credit Card Penalty Rate?
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