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Wrong billings, inaccurate balances, excessive
penalties, usurious interest rates, collection harassment, high
annual membership fees, loss of privacy |
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By Maricel Burgonio Business, Reporter
The most number of credit-card
holders’ complaints are about wrong billings, inaccurate balances,
collection harassment, usurious interest rates, excessive charges
and penalties, high annual membership fees and difficulties in debt
restructuring.
There are complaints, such as the
cardholders’ loss of privacy, when the credit-card company sells
their customers’ data to third parties who use the data to call
the cardholders’ and sell them insurance schemes, appliances and
other products.
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