Congress may actually be doing something about credit practices - it is in committee right now - read AND WRITE YOUR REPS!!!! Rep. Carl Levin - Michigan - has already started the ball rolling... "Two weeks (may 2007) ago Levin and others introduced a bill that would, in part, bar companies from charging interest on debt paid by the due date, cap penalty interest-rate increases, prohibit interest from being charged on late fees or over-the-limit fees and prohibit late fees if a card-issuer delays crediting a payment." http://www.washingtonpost.com/wp-dyn/content/article/2007/05/23/AR2007052301498.html?sub=new It's a start... Now to work on the credit bureau side of things. The bill also would not allow one credit card to boost your rates because you were late on another - BOA does that a lot. My parents and my best friend had interest rate boosts based on changes on their credit reports when they had never been late to BOA. This has got to stop! They are hoping that you can't pay off the cards and they got you stuck. Both my parents and my friend paid their cards completely off & then BOA came begging back to offer them both a lower rate to reopen. Dumb bleeps...