Last Significant Provisions From the CARD Act To Take Effect 8/22
The last of the significant provisions of the CARD act includes
? Requiring penalty fees to be ?reasonable and proportional to the omission or violation? (no more outrageous late fees, etc.)
? Prohibits the credit card issuers from charging a penalty fee of more than $25.00 for...
Credit Score Facts
Some surprising and important facts about credit scores?
? Your income level does not affect your score. Never. Income level is completely irrelevant when it comes to your credit score. But?.on most purchases your income level will affect whether you can...
Employment And Credit Checks
If you are applying for a job and the employer requests a credit check, they can?t do it without your permission, however, if you don?t give your permission that could be the deal breaker right there.
And, if you have been out of a job...
Spending Up But Debt Down
Credit card spending is up this year over the same time as 2009 indicating a bit more confidence from consumers; however, credit card debt has dropped to the lowest level in eight years.
The last time spending was up was the third quarter of 2008...
The Credit Background Check
People these days come from families with paying jobs. Oftentimes, these families must delay purchasing some products because of financial scarcity. This is when the numerous financial institutions similar to banks provided the credit cards for those that consider they may need this....
Beware Of The Interest Rates On Store Credit Cards
If you must use them at all, that is.
Store credit cards are much more detrimental to your credit score than the typical credit card. After all, 10% of your score is determined by the type of credit that you have. The credit bureaus don't...
Credit Cards No Longer A ?Rainy Day? Option
In between now and February 20, 2010 when the new credit card regulations take effect, the credit card companies are making changes that could end up costing you much more on the balances and credit terms that you now have.
Some credit card companies are...
It?s Getting More Expensive To Have Credit Cards
In response to the current economy, the rates and terms on your credit card are changing.
Just this week the Annual Percentage Rate for new credit card offers bounced up to 12.79 percent according to CreditCards.Com Weekly Credit Card Rate Report.
Because of the recent rise...
