May
30
2009

New Rules for Students Wanting Credit Cards

On May 22nd 2009 President Barack Obama signed into law a ground breaking Credit Card Bill that looks to better protect consumers by banning certain practices and enforcing some new rules. One of the most significant changes applies to college students under 21 who are looking to acquire a student credit card. If you are [...]

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May
27
2009

Credit Scores Decline In the US

As a continued sign of the struggling economy the average credit scores in the US fell an average of 6 points as reported by TransUnion. The data that comes from the third quarter of 2008 to the first quarter of 2009 is based upon their TransRisk score as compared to the more commonly used FICO [...]

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May
26
2009

Tips to Lower Your Credit Card Interest Rate

In today’s economy, it is surprisingly no easier or harder to lower your credit card interest rate.  However, there are a few things to keep in mind before doing so.  First and foremost, make sure you are in good standing with your credit card company.  If they decide to raise you rate and you are [...]

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May
22
2009

President Obama Signs Credit Card Bill

A credit card consumers “Bill of Rights” was signed into law today by President Obama, aiming to put in place “…common sense reforms, designed to protect consumers”. This is the first time such a bill has been signed into law, and created quite the stir with major credit card institutions. Treasury Secretary Timothy Geithner defended [...]

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May
21
2009

New Regulations Proposed For Credit Card Companies In Canada

Canadian Finance Minister Jim Flaherty proposed a new nine-point plan aimed at credit card regulations today that are intended to help keep some card holders from getting into trouble. Some of the regulations discussed were that card issuers will have to be more up front about the exact rules of the credit cards and all [...]

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