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Consumers can expect credit card interest hikes

Bharat Bhalla, Ph.D., professor of Finance at Fairfield University’s Dolan School of Business, notes that credit card companies certainly have the upper hand over consumers. Many have opted to cut credit limits and even dramatically raise the interest rates for cardholders. “Credit cards have been a cash cow for decades,” Bhalla said.

Published in the Westport Minuteman on 7/16/09

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