Advantages of the New Credit Card Law
Posted by | Posted on 06-02-2010
On May 22,2009 the Credit Card Accountability, Responsibility and Disclosure, or Credit CARD Act of 2009 was passed into a law. Why should you be interested to learn the changes brought about by the New Credit Card Law? Can these changes help cardholders stay out of debt problems? Let’s take a look at the highlights of the new law and consider the advantages: No sudden rate increases. In the past years, many cardholders have found themselves stuck in bad debt due to the sudden increase in their interest rates. Missing your deadline with any creditor could mean an increase in your credit card rate even if you’re on time paying off your balances. Tha Read more…