Last week Suze Orman appeared on the Morning Joe Show and discussed credit cards. When asked about what consumers can do to help avoid being gouged, she suggested transferring your credit card balances to your credit union credit card.
This 7 1/2 minute news segment provides a nice summary about how many banks are taking advantage of consumers by charging 30% interest rates and closing down access to cards, even if they have never missed a payment. She provides practical information about what consumers can do to avoid the outrageous fees and interest.
Don’t miss Suze’s conclusion at the 7-minute mark where she strongly suggests moving your credit card balances to your credit union!
Who is getting it right? Credit Unions!
