New Credit Cards Law Protecting Your Legal Rights!

SO the 2nd thing that Fox was going off on was 21 days before the bill is due they need to have the bill to you. the obvious thing is the credit card companies holding off sending the bill to the last minute knowing that people don't always answer their mail right away. I am sure that you can get a percentage of people to miss the bill just by moving the mailing of the bill by even just one day, and then of course you have holidays, bank holidays and weekends that you can play with as well. One of the banking laws that came out of the depression was the requirement that banks not ever be closed more than 3 days in a row as this would be a way that the banks would use to keep runs on their banks down they would just close for extra days and stop people from getting there money out now they stop you from getting your money in ahhh you gotta love the ingenuity of it all.


It always seemed fishy to me, again a cheap lawyer had to come up with it, is that they sites always seemed to be down for maintenance and if that just happened to be a couple of days before your bill was due that would be very convenient for them as all they have to do is just cause a small percentage of  people to miss and they would make big free money the industry apparently made billions of dollars in late fees and I hate to think how much they made in extra interest where they snookered people into be late and then whammed them with the high rates that they were stuck with.