Thanks to universal default, in which one credit card issuer can elect to raise your interest rate if you fall behind on the payments on another credit card, consumer advocates urge extra carefulness when paying large medical bills by credit card. Instead, first try working out an extended payment plan with the care provider.
Caution Advised Before Paying Medical Bills By Credit Card
By consumerist.com August 30, 2007
More From Consumerist
- Banks Trying To Attract Customers With Products To Reduce, Repay Student Loans
- Why Did Two Of My Kohl’s Store Credit Card Payments Go Missing?
- Report: Credit Card Reforms Saved Consumers $16B In Six Years
- States Ask Banks, Credit Card Companies To Hurry Up With The Chip & PIN Cards Already
- Colleges Warned About Making Secret Deals With Credit Card Companies