MoneyWorks: Calculating credit card interest

Written by Craig Cohen | Apr 20, 2011 8:38 AM

(Harrisburg) -- After 27 straight months of decline, consumers' credit card debt slightly increased in December of 2010. The development suggests shoppers might be a bit more open to using and holding balances on their credit cards. But even after the Great Recession and new rules governing credit card companies, how many people can really understand and calculate the interest they pay? WITF's Craig Cohen poses that question in the first installment of our new series MoneyWorks…


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