The final package of new credit card rules went into effect Sunday. The latest rules limit late payment fees and other penalties. Thus completes a sweeping charge card reform effort that began last summer with the Charge card Accountability, Responsibility as well as Disclosure (CARD) Act for 2009. Late payment charges cannot exceed $25 under [...]
What you don’t know most definitely will hurt you when it comes to your credit report. Our credit scores are derived using a complex set of parameters integrating our late payments, age of accounts on file, number and types of inquiries within a set period of time, debt to maximum limit ratio, and presence of [...]
It’s the responsibility on the seeking credit card holder to compare credit card interest rates for their own financial protection. Once a cardholder has a number of credit cards with varying degrees of balances, many debtors pick to consolidate all of them under one new card with lower credit card interest costs. When the debtor [...]