Do you have a love-hate relationship with your credit cards? Apparently, we do as a nation.
Based on the amount of outstanding credit card debt topping one trillion dollars, Americans love to use credit cards. Based on the credit card complaints lodged with the Consumer Finance Protection Bureau (CFPB), there are also a significant number of Americans who hate certain aspects of using credit cards.
The CFPB has handled over 116,000 credit card complaints since it began accepting them in July 2011. Keep in mind that the CFPB is generally a last resort for resolution, so the overall complaint level is likely far higher.
These five issues top the overall CFPB list of individual complaints against credit card companies.
1. Billing Disputes – The clear winner at 17% of credit card complaints, billing disputes include erroneous charges, ...
from MoneyTips https://www.moneytips.com/5-biggest-credit-card-complaints
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