The first of two credit card reforms went into effect earlier this week. The other reform will not be effective until July 2010. Together, the new laws should provide considerable help to you and other consumers by eliminating some of the worst practices of the credit card companies. The new laws will make the following changes: First, the credit card company [...]
interest rate
New rules prohibiting unfair collection acts and practices will go into effect in 2010. The Federal Reserve Board announced last December the approval of these new rules to better protect credit card users. In the meantime, credit card companies are positioning themselves to try to lessen the impact on them of the new rules. For instance, credit card [...]
Drunk from the billions in federal bailout milk, Bank of America decided to raise Red Bluff, California resident Ann Minch’s credit card interest rate to over 23%. Bank of America’s move was both bizarre and self-destructive. Bizarre because Minch, though recently laid off, had continued to make the required payments to the bank, at times [...]
Part 12 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 17: Stealing Candy From Babies. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes any sense [...]
At Debt Law Network, I am reviewing Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know”. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes any sense in this latest self-help [...]
Many ask is there is anyone they can complain to about their credit card and the outrageous interest rates. You can complain to your spouse, family members or your pets but you are likely to get the same response as you well from complaining directly to the credit card company, absolutely NOTHING! However, now you [...]
