It might not make sense to most of us. Even though interest rates on home mortgages have fallen to historic lows, and the interest rates we earn on our savings accounts and CDs are near 0%, interest rates on credit cards seem to be rising. Why exactly is this happening?
Not surprisingly, there are a number of different opinions, and doesn’t necessarily appear to be any single element that’s leading to the credit card rate increases. It’s probable that rising credit card rates are due to a number of different factors, although it’s difficult to know exactly how much each... Articles Tagged ‘CARD Act’
Why Are Credit Card Interest Rates Rising?
It might not make sense to most of us. Even though interest rates on home mortgages have fallen to historic lows, and the interest rates we earn on our savings accounts and CDs are near 0%, interest rates on credit cards seem to be rising. Why exactly is this happening?
Not surprisingly, there are a number of different opinions, and doesn’t necessarily appear to be any single element that’s leading to the credit card rate increases. It’s probable that rising credit card rates are due to a number of different factors, although it’s difficult to know exactly how much each...
Friday, May 25th, 2012
It might not make sense to most of us. Even though interest rates on home mortgages have fallen to historic lows, and the interest rates we earn on our savings accounts and CDs are near 0%, interest rates on credit cards seem to be rising. Why exactly is this happening?
Not surprisingly, there are a number of different opinions, and doesn’t necessarily appear to be any single element that’s leading to the credit card rate increases. It’s probable that rising credit card rates are due to a number of different factors, although it’s difficult to know exactly how much each... Will New Consumer Protection Laws Save Me Money?
As you may know, a new credit card consumer protection law came into effect in 2010. The concept behind the law – known as the Credit CARD Act of 2009 (it was signed into law in 2009, but became effective in 2010) was to prevent banks and credit card companies from using certain business practices, and assessing certain charges, which Congress believed were keeping borrowers in debt for longer periods of time.
The new law has a number of different provisions that may change how you do business with your credit card company, and may end up saving you...
Tuesday, October 26th, 2010
As you may know, a new credit card consumer protection law came into effect in 2010. The concept behind the law – known as the Credit CARD Act of 2009 (it was signed into law in 2009, but became effective in 2010) was to prevent banks and credit card companies from using certain business practices, and assessing certain charges, which Congress believed were keeping borrowers in debt for longer periods of time.
The new law has a number of different provisions that may change how you do business with your credit card company, and may end up saving you... 
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