Credit cards insights
Predatory lenders do this so your line of credit will rapidly be eaten up by fees instead of by charges. You barely get to use your card before you've reached your limit, and the lender gets to extract money from you for the privilege of not using its card. * Credit applications or loans that require you to pay up front fees like "application fees. " Charging a fee before a loan is actualized is illegal. If a company asks you to shell out any money at all before your loan or credit line is approved (even if they say you are pre approved), refuse the offer and report the company to the relevant authorities.