Yesterday we started a post where we outlined some of the new credit card laws; and how they affect you. Today, we're talking about a couple more of the new laws that you need to know about as well.
Advance Notice on Rate Increases
This one doesn’t seem major, but trust us, it is.
Right now, your credit card is subject to the Truth in Lending Act, and it says that you get a 15-day heads up before your credit card company increases your rate. This is problematic for a couple of reasons....
Share it
Read the Full Story at Credit Repair Blog
embed
Blog Guru
Traveling Cat