The bottom line for consumers is potentially billions of dollars a year in additional charges, fees, and higher interest rates and lower yields on savings.
More Quotes from Stephen Brobeck:
It's a small industry that sells protection in the event you can't make your payments. Essentially, you buy it and it's very expensive it's not a good deal.Stephen Brobeck
Check the terms and conditions, particularly the grace period and fee levels -- whether or not there's an annual fee -- and interest rates.
Stephen Brobeck
Despite all of the news coverage about credit scores over the past year, many consumers still do not understand important facts about these increasingly influential numbers.
Stephen Brobeck
If you ask for understanding and relief from credit card companies and mortgage companies, the cash you raise will go farther,
Stephen Brobeck
This is not on the radar screen of the banking industry right now. They're not interested in small depositors.
Stephen Brobeck
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