My wife got a letter from her credit card company yesterday outlining all the wonderful changes they're making for her benefit. They'll apply her payments to the highest-interest balances first! They won't be using 2-cycle billing any more! She won't incur any over-limit fees unless she opts in. They're also going to be nice enough to include information on how long it will take her to pay off her credit card balance if she only makes the minimum monthly payments. What a nice creditor!
All those changes might sound familiar, as they are now required by law, and scheduled to go into effect in February. That fact isn't acknowledged anywhere in the letter they sent. They maintain the pose throughout that they're making these changes out of the goodness of their hearts.
Even very soft deceptions like this indicate what kind of people you are dealing with. Don't trust them, ever.
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