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June 2009

New credit card laws and what they mean for you

The rules for credit cards will soon change.  The Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 (such a clever acronym) is set and ready to go into effect in 2010. How will this affect you?  Well, according to an article in today’s Washington Post, the main things are that it will: Lead …

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Don’t believe the hype: Credit counseling services and debt settlement companies

Watch out for credit counseling ads with language like this: negotiate to alter your total debt – instantly! We negotiate your interest rate! Pay one bill per month while paying off your debt quickly! One simple monthly payment! Non-Profit Agency means the lowest fees! I always strongly advise my clients (as well as everyone else …

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