credit articlesRecently, new rules adopted by the Office of Thrift Supervision will help protect consumers from certain abusive credit card lending practices that can result in excessive fees and interest rate charges.
Filed under: debt, debt management | Tagged: credit card lending, credit card rules and regulations, credit limits, federal reserve board, interest rate charges | 1 Comment »
According to Consumer Action’s 2008 Credit Card Survey, customer service representatives at six well-known financial institutions told surveyors that they would reduce cardholder’s credit limits because of perceived customer risk. Factors included a decline in cardholder credit scores, late payments, and balances that go too close to the credit limit. This practice is not necessarily [...]
Filed under: debt, debt management | Tagged: credit card debt, credit limits, credit lines, credit report, credit worthiness, debt settlement | Leave a Comment »
Credit Card Debt Settlement – Credit Answers
