Credit Cards Pushing Customers to Payday Loans

Payday loans are the new option

Payday loans are short-term loans that can meet an immediate financial need. In the past, that's what credit cards were for, however with the suffering economy and recession, credit card companies are stiffening up their rules more than ever. Customers are no longer seeing the benefits of using credit cards they once had. In fact now, it's pretty-much costing more to use credit cards than it's worth.

New credit card procedures

According to a new post on Smart Money's website, there are ten top things your credit card company isn't telling you:

1) They are hoping consumers mess up.

2) They can contribute to identity theft inadvertently

3) Young adults are a target market

4) Advertised "freebies", rarely are

5) Debit cards are not fail-safe

6) Two-cycle billing is alive and kicking

7) The card may be universal, but exchange rates can be outrageous

Due dates are closed early in the day…not midnight ... click here to read the rest of the article titled "Credit Cards Pushing Customers to Payday Loans"