Posted on
February 18, 2010
at
3:04 am
Discuss the federal credit card bailout here!
Posted on
February 18, 2010
at
4:01 am
The federal credit card bailout is not an official term for President Obama's stimulus package(or funding) awarded to lenders. It's more of an idea. Its aim is to encourage creditors toextend credit & accept debt settlement because of the recent economic recession.
Posted on
February 18, 2010
at
4:34 am
That federal credit card bailout could also be referring to the
The Credit Card Accountability Responsibility and Disclosure Act of 2009...which is effective right about now- Feb. 2010
Posted on
February 18, 2010
at
5:06 am
Let's review: What does that
Credit Card Accountability Responsibility and Disclosure Act say?
Posted on
February 18, 2010
at
5:08 am
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
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
March 4, 2010
at
3:03 am
If people are thinking that credit card bailout is synonymous to federal aid or grants - they are mistaken. The government would not make it their priority to help peoplepay for their personal debts - because it would only encourage irresponsible charging, correct?
