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Published: Wed, 21 Oct 2009
Description: Paying off your debt could soon cost you. Bank of America is one of several banks that may charge card-holders a fee for paying their balance in full each month and never paying late fees.
Full Article: http://www.myfoxboston.com/dpp/morning/fee_for_paying_credit_card_on_time_102109
Automatically Generated Transcript (may not be 100% accurate)
" I guess it's 33 on this Wednesday morning time to let it returns to fox 5 morning news he'd be joining us out of a Beacon Hill studio and you heard the latest about the credit card company. Yeah you know -- those new directions going to federal government put in the -- increased interest on Herring balance have a ballot jacked up we we've been familiar with the over the years. There has put a halt to total credit card companies and other ways to generate revenues of it off with this plan to couple credit card company. Those -- you paid out your credit cards on time every month you don't carry a balance. And even if you don't use the card but you still haven't they wanna argue that the they want to argue at the end more than 99 but essentially if you're a good humor. You don't -- into debt credit card to pay it off to use it responsibly they wanted to that you. With another."
" Panic at all dollar baby where the government we're here to help the actual drop the proper spot that is we don't in another -- foreign. Government gets involved they think there are helping they'd probably actually out there heart in the right place and have taken -- and and here we go again what they did fix one thing and then the blue and on the people -- in the -- deed is were the original problem. And other guys and act play by the rules guiding Edmund L it is not you can do about it until they that you're now -- it predictable."
" Well you know that her solution you would think like let you have an -- credit -- for need to reduce say. Well it's -- museum at the credit card it's been pointed out that that affect your credit rating. It's a catch him and aren't I can't."
" Anyway I think that's you can not your your credit card and about the odds are you get pretty good credit for a close one how many units canceled. A one year old I bet there'll come and again I -- irresponsible credit. Drug per -- and you have a card iPods and a lot of credit cards to people actually pay it ought to. -- But what I would think -- ballot -- here and you have to be right figured out why didn't audited by the way on bull anyway I needed to Kabul but the credit card companies still making money if you even if you pay out of this transaction at every. His coat of paint like did not meet its. Gonna let that use the cart anybody off yet at all -- they're. Erred by Bank of America is new is only experimental. -- all day. Yeah well it's all like we were in the movie before we didn't like it. And being more don't want it and it's all broken record when all know -- the world to -- kids don't there's well. -- have looked in this in -- that we have to wait to get our own money. Weren't put money expert and we have to get back to. Think gonna end up winning when the government get involved here. Or the and gee I wonder is any indicator that the bank gonna win and we're gonna get. Back doors to its credit card and I'm okay -- panic. You gotta learn from you again with healthcare and simulate everything that the government doing dealt -- seems to be the common the don't help anymore if help did not already and -- and over in all over again and that's why you know what's coming down the road. Going to be what they going to be in -- and up caught. The subject of all what to. Think about the credit card company. Charging fees out of view up your ballot every month to do the right thing to do what to do but they wanted any part."
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