New Bill To Freeze Credit Card Rates
The Credit Card Accountability, Responsibility, and Disclosure Act (CARD), enacted in May 2009, prevents arbitrary interest rate, fee and finance charge increases on a customers existing balance. The credit CARD Act requires a 45 day notification of interest rate increases and also lengthens the due date that statements must be delivered, from 14 days to [...]
National Foundation for Credit Counseling
The National Foundation for Credit Counseling (NFCC) accredits debt counseling agencies with high standards, high ethics, certified counselors, and policies that help consumers achieve financial stability.
Consumers with difficult credit issues will find low-cost assistance.
The NFCC includes over 100 member agencies and 900 offices across the nation. Most NFCC member agencies are considered Consumer [...]
Predatory Lending
Predatory lending usually means a secured loan made by a lender that knows the borrower won’t be able to repay them. They then sieze the car or home and sell it. The practice involves some deception on the part of the lender. Some of the practices of predatory lending are illegal in many states.
Other [...]
