Posted on April 20, 2010 at 3:08 am obama's debt bailout programwhat;s it about?

Posted on April 20, 2010 at 3:28 am obama's debt bailout program-- it's officially called the Credit Card Accountability Responsibility and Disclosure Act of 2009 - that's now in effect. Basically, the idea is already in the name - "disclosure" as in they can't charge consumers anymore without giving prior notice.

Posted on April 20, 2010 at 4:51 am obama's debt bailout program-- it's officially called the Credit Card Accountability Responsibility and Disclosure Act of 2009 ---- is a credit card act effective February 2010, the soonest.The law is about:-credit card companies giving consumers 45 days before they can up the interest rates.-the consumer's payment must first be applied to the highest interest rate balance. 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 April 20, 2010 at 5:39 am obama's debt bailout program-- or it could be referring to   the Mortgage Forgiveness Debt Relief Act of 2007 (http://www.govtrack.us/congress/bill.xpd?bill=h110-3648),

Posted on April 20, 2010 at 5:47 am Hi, just want you to know that if you're trying to get rid of your debt, you don't have to rely on the obama's debt bailout program -- which if you think about, is really not for relieving one's debt. There are debt relief programs for your unsecured debt but you have to pay a small fee. Depending on your account status and debt amount, you could be debt free in a year to five.