New credit card laws
Date: Tue, 02/23/2010 - 03:22
I believe it is only going to be beneficial to people who are op
I believe it is only going to be beneficial to people who are opening new accounts. In the last 6 months I have lost over 20k in available credit. This was before I defaulted on some cards. Credit limits were lowered to my current balance on 4 cards. Also had 2 cards with a 4000 credit limits with no balance closed. Letter stated that due to inactivity and the new credit card laws they were closing the account. Just another benefit to lenders and creditors.
i think the intention is to help consumers i know how the new st
i think the intention is to help consumers i know how the new statements look and if you had no idea how much and how long credit cards will take to payoff if you just pay the minimum not knowing how they are calculated you are in for a shock.