Posted on April 21, 2010 at 4:14 am credit card debt bailout planfrom the government? where to apply?

Posted on April 21, 2010 at 4:20 am redit card debt bailout plan from the government?-- sorry Sanchez, if you mean for the individual consumer, there is none. The government gave that bailout package to businesses.

Posted on April 21, 2010 at 5:32 am credit card debt bailout plan from the government is officially called the Credit Card Accountability Responsibility and Disclosure Act of 2009 , which is now in effect.

Posted on April 21, 2010 at 5:51 am Right, and the Credit Card Accountability Responsibility and Disclosure Act talks about ----- -The credit card company can only increase the interest rate if the consumer's payment is 60 days late -Unless the consumer has asked for an over-limit fee, the creditors can't charge the consumer for it. Also, banks may not charge late fees if they were also late in crediting a payment. -Credit card companies may not market to people under the age of 21, without parental permission, or verification of their ability to pay. -Credit card companies must give the consumers 45 days before they can up the interest rates. -The consumer's payment must first be applied to the highest interest rate balance.

Posted on April 21, 2010 at 6:41 am Hi, I wonder why you're inquiring about the credit card debt bailout plan. If you're having trouble with your credit card debts, perhaps you can do a balance transfer?

Posted on April 21, 2010 at 6:43 am I agree, and if you're wondering what to ask your prospective bank, here: Questions to ask: balance transfer- 1. Until when is the introductory rate or how long does it last? 2. What is the card's annual percentage rate after that introductory rate expires? 3. Does that introductory rate apply to transferred balances or just to new ones, or both? 4. Does that card have an annual fee? 5. Do they charge late fees and over-the-limit fees? 6. Are there balance-transfer fees?

Posted on April 21, 2010 at 6:57 am you can also do professional debt relief - choose from credit counseling or debt settlement. both would reduce your monthly payments significantly. as to how to choose? well, it depends on our total debt amount and account status.

Posted on April 21, 2010 at 7:12 am If you have a $10k credit card debt or more and your accounts are mostly past due, you can do debt settlement, the program can help you be debt free in three years or less, depending on your situation. Your monthly payment would also be reduced. The catch? It would stay on your credit report for 7 years. But what is your top priority really? Is it to be debt free?