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Consumer Action's 2008 Credit Card Survey

Tags » Card Issuers, Credit Cards

Consumer Action has released its annual 2008 Credit Card Survey, the latest annual survey that examined 41 cards from 22 financial institutions in the United States. The survey identified several credit card issuer practices that Consumer Actions says "put even good consumers at risk: Any time, any reason changes in terms; Reductions in cardholder’s credit limits; Default rate “purgatory” — once in, you may never get out."


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