Thursday, March 4, 2010

NEW CREDIT CARD LAW, BANKS and HOW TO PROTECT YOURSELF


Unless you live under a rock, you've seen some mention of the New Credit Card Law on your local and national news. In case you missed all the blah, blah, blah, here it is in print to make you even more confused:

http://www.defendyourdollars.org/CC%20summary_1.25.2010.pdf

Okay, so now that you've read it.....are you still awake?

What we did not know is that the company can still raise interest rates, charge fees, and even cancel your card without warning. What did you expect? The world isn't stacked in our favor. Banks aren't about to treat us consumers nicely. But don't despair. Team CHEAPIOSITY is on your side. We're here to help. Here are some tips to help you out in your time of credit card confusion.

Cambridgecredit.org for nonprofit credit counseling. These people will help you get a lower APR and they'll give you advice on how to lower your credit card debt.

Creditcardperks.com for a list of credit card deals. This site will tell you the best deals, with the best perks, to get you more bang for your credit card bucks. There's also lots of good info about credit cards and debt, so take time and look at the site thoroughly.

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