Credit Card Companies Prepare to Reach Into Your Pocket

It always amazes me that lenders hand credit out like candy and then when some of their horrible loan candidates turn out to be bad payers, the banks cover their tracks by raising everyone’s cost of credit.

With credit card losses mounting (Shock) you should EXPECT to see penalty fees and interest rates rising. Oh yes, keep an eye out for more annual fees as well. Don't say I didn't warn you.