Credit Penalty Rates as 'High as Ever'

June 09, 2011
Show up a tad late to a baseball game? Not a big deal. Finally send a long-overdue thank-you note? Most of us would be thrilled to hear from you.

Think it's OK to drag your feet paying that credit card bill? Are you really ready to see your interest rate double?

Many consumers have no idea how high the rates on their credit cards can go -- and how much taking on credit card debt to buy everyday goods can cost -- if they pay late.

Read more at Military.com.