Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: Notesfiles $Revision: 1.7.0.10 $; site ti-csl
Path: utzoo!watmath!clyde!cbosgd!ihnp4!inuxc!pur-ee!uiucdcs!convex!ti-csl!ramey
From: ramey@ti-csl
Newsgroups: net.consumers
Subject: Re: "No Money Down" (Other People's
Message-ID: <3400002@ti-csl>
Date: Sun, 5-Jan-86 17:48:00 EST
Article-I.D.: ti-csl.3400002
Posted: Sun Jan  5 17:48:00 1986
Date-Received: Wed, 8-Jan-86 06:29:41 EST
References: <1725@cbosgd.UUCP>
Lines: 14
Nf-ID: #R:cbosgd.UUCP:1725:ti-csl:3400002:000:656
Nf-From: ti-csl!ramey    Jan  5 16:48:00 1986


> I understand that Texas just started allowing annual fees, and that
> every bank in Texas just started charging the fee to all their existing
> accounts, without bothering to tell anybody.

I don't think this is true.  However, many Texas banks which offer
credit cards have moved (or are moving) their credit card operations
out of the state so that they can charge yearly fees (seems like they
like to move to Delaware?).  Also, they generally begin charging
interest from the time they receive the charge, so even if you pay the
bill as soon as you receive it, you end up paying some fee.

Joe Ramey
{smu, rice, texsun, im4u} ! ti-csl ! tilde ! ramey