Feb 22 new credit car law goes into effect
- New credit card rules
- No rate hikes on existing balances
- The End of double cycle billing
- More time to pay
The interesting side story that has not been talked about too often has been what the reports have been in the last six months that credit card companies before this law goes into effect have been doing everything they could under the old wild wild west credit card laws.
The survey taken by Credit.com that was just released this month showed that
27 % of all surveyed had seen increased interest rates in the last six months
13 % of all surveyed had their credit limits lowered without any real reason, not being late or any escalation clause used to justify in this lowering.
11 % of all surveyed had their accounts closed without notice.
Add me to your Facebook
Thank you for adding me as a friend over the years on Facebook.
Now like my new business page on Facebook.
Brandon Jordan Sr Vice President ERA American Real Estate Cell- (850)-758-1236 Fax- (850)-682-9439 Buy A Florida Vacation Home.com "We provide this information and much more on our site for you
at no charge, so please remember us when you're looking to buy
or sell real estate"