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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (25431)	1/27/2005 8:31:42 PM
From: Crimson Ghost	Read Replies (3) \| Respond to of 110194

Are grace periods on credit card debts and rents going the way of the dodo bird? Credit card companies have been steadily reducing grace periods until we have now reached the point where people who do not sent in their payments within a few days of receiving their statement are in real danger of being assessed high and rising late payment fees. No I am hearing about a similar trend for apartment rental and condominium maintenance payments. Still more woes for the financially strapped and people living paycheck to paycheck The "ownership society" in action.