What absolutely trashy and incorrect information Liz Pulliam Weston doles out on a regular basis for the Los Angeles Times about credit cards in her money talk column.
I feel badly for anybody who writes this person expecting to get some kind of help. Even worse is the realization nothing will come of it but an explanation as to why the credit card companies can do what they want, and you can't do anything about it.
What makes the answer so horrible is that Ms. Weston is basically saying that a credit card company can offer a customer a 3.99 life of the loan offer, and even though the actual monthly interest rate can climb to 10% once the 10 dollar a month fee is added in, that somehow this is entirely legal.
lol, as most of us know, Chase bank rescinded the 10 dollar a month fee specifically because on their own billing system it showed the 3.99 interest rate had suddenly jumped to a much higher rate depending on how much balance still remained to be paid. The lower the remaining balance, the higher the overall interest rate would jump up to.
Sadly, the LA times has chosen to insulate Ms. Weston from all forms of informational responses. Not only can Ms. Weston make incorrect statements in her article, nobody can contact her or comment on her articles in an effort to explain that which she does not understand.
Nice job LA times. How is that Chase Bank advertising money flowing in these days? It sure looks like it must be coming in nice and steady for you to put out disinformation that protects the credit card companies.
Nowhere does Liz Pulliam Weston mention the idea of opting out of the credit card agreement after Chase Bank has changed the terms. Liz Pulliam Weston also does not mention that Chase Bank DID NOT ALLOW the customer the right to opt out of this change in terms in her column by ignoring the concept of opting out all together!
Lies that protect illegal banking methods while trying to mollify the reader into accepting anything unethical that the banking community attempts to do is a horrible, filthy way the Los Angeles Times has chosen to fill it's newspaper space with.
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