The Real Scoop On The Credit Card Act...

There has been a lot of chatter, both positive and negative, regarding the Credit Card Act of 2009. It was signed into law in May 2009 and will take full effect on February 22, 2010. This historic law will help level the playing field for us in a time when the credit industry has pressed the limits of unfair practices.

• No longer will credit rates on outstanding balances be increased unless the account is over 60 days late!
• No longer can credit card rates be increased in the first year of your credit card agreement!
• Low-interest introductory rate offers must be good for at least 6 months!

Finally, we have things going in our favor.

For more info go to http://www.govtrack.us/congress/billtext.xpd?bill=h111-627



Don Dockum
Motova8.com