Archive for Credit Card Rules
New Credit Card Laws Change the Rules in 2009
Posted by: | CommentsNew credit card laws passed by Congress in 2009 are going into effect. What you need to know about credit card laws and how they have changed won’t be a big difference from what things were before. Credit Card companies testified in front of Congress that they would stop using their very worst tricks. That, plus a multi-million dollar lobbying campaign made sure that the new... Read more→
Credit Card Company Tricks and How To Beat Them
Posted by: | CommentsCitibank raised the interest rates for customers with high credit scores who had never missed a payment. Virtually every credit card company opposed the very tame reforms recently passed into law by Congress. The sad truth is that is isn’t a matter of if your credit card issuer will try something sneaky, it’s a matter of when, and how bad will it be. While there is always tension... Read more→
New Credit Card Law Starting To Affect Credit Card Companies
Posted by: | CommentsIssuers of credit cards have started re-doing their terms and conditions in anticipation of recently passed legislation taking effect which prohibits some of the more egregious terms from credit card agreements. Watch for non-descript black and white mailings that contain a small brochure with fine print. These are likely the new terms and conditions for your existing credit cards. Make... Read more→
