FREEDOM FROM CREDIT CARD TRICKS AND TRAPS
Today, Wednesday July 30, Members of Congress in the House Financial Service Committee will be voting on the Credit Cardholders Bills of Rights. Among other things HR 5244 will:
- Ban credit card companies from raising interest rates on existing balances - unless you paid 30 days late
- Apply your payment proportionally between high and low rate balances - saving you money
- Give you a chance to set a fixed credit limit and avoid over limit fees
Make your voice heard on this important issue! Let your Representative know what you think about protecting credit card holders. Take two minutes to make a quick phone call that could help save you -- and millions of cardholders - a lot of money in the long run.
Gerri
Detweiler – Personal finance author and Credit Advisor for Credit.com.
Gerri contributes budgeting, debt recovery and savings information online. She
is also the co-author of Stop
Debt Collectors: How to Protect Your Rights and Resolve Your Debts
Editors Note: A better credit score will save you tens of thousands plus allow you to get credit cards, bank loans, mortgages, and car loans. This program will be the best $67 you have ever spent. It's guaranteed to change your life.