Major Benefits of the New Laws for Credit Cards

New laws
The Obama administration is working hard to reform laws for companies who issue credit cards. On May 22, the president signed off on the Credit Card Accountability, Responsibility and Disclosure, or Credit CARD, act of 2009.
The bill is set to improve the way companies deal with consumers and act [...]

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Thursday, November 12th, 2009 by
Isabel Velasquez

Interest Rates on Credit Cards are Steadily Rising

Interest rates are up across the board
Although many interest rates were recently cut, credit cards lenders are set to increase theirs. Mortgages and savings rates have fallen dramatically due to government intervention; however, credit card rates have moved up. Even cards listed as “low-rate” are averaging 11.62%, balance-transfer cards [...]

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Credit card companies gamble with the risk of bankrupcy (photo by Freerangestock.com)
Wednesday, October 14th, 2009 by
Gary Zortman