Skip to content

Stick It to the Credit Card Companies. Here's How!

April 15, 2009

Denise Richardson has yet another great column in the Florida Sun Sentinal today.  She suggests switching from a credit card issued by a bank to one issued by a credit union.  She points to research showing that “credit union members were saving an average of $200 every month by transferring their credit card debt from a big bank to a credit union.”  Not bad!

Credit unions regulated by the National Credit Union Association cannot charge interest higher than 18% on their loans, which is another reason to consider switching.  Also, many don’t use Binding Mandatory Arbitration clauses.

Advertisements

Comments are closed.

%d bloggers like this: