Posted on
November 13, 2009
at
5:50 am
Hello would you explain what federal debt reduction act is? It sounds odd...
Posted on
November 13, 2009
at
5:54 am
Is that federal debt reduction act related to the national debt reduction act and the federal debt reduction program..I'm new around here too..it's a bit confusing...
Posted on
November 13, 2009
at
6:18 am
That National debt reduction act is from the U.K. and I think that that federal debt reduction act is the Credit Card Accountability, Responsibility and Disclosure Act of 2009 - effective Feb. 2010
Posted on
November 13, 2009
at
6:23 am
Federal debt reduction act is the Credit Card Accountability, Responsibility and Disclosure Act of 2009 - effective Feb. 2010I think so too ...and that is about credit card companies giving consumers 45 days before increasing the interest rates--the consumer's payment being applied (first) to the highest interest rate balance.
Posted on
November 13, 2009
at
6:25 am
To add to that
the Credit Card Accountability, Responsibility and Disclosure Act is also about:Interest rates - If the consumer's payment is 60 days late, the credit card company can increase the rate.Penalty fees - Unless the consumer has asked for an over-limit fee, the creditors can't charge the consumer for it. Banks may not charge late fees if they were also late in crediting a payment.College students - Credit card companies may not market to people under the age of 21, without parental permission, or verification of their ability to pay.
Posted on
November 13, 2009
at
6:27 am
Hello, I wonder why you are inquiring about the federal reduction act...are you perhaps looking for a debt relief solution? If so, please feel free to fill out a form here at destroydebt.com and avail of the free initial debt consultation.
Posted on
November 16, 2009
at
2:01 am
does the federal debt reduction act have to do with any free grants that the government offers?
