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Your Money: Credit Card Reforms

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Uploaded by on Sep 25, 2009

New laws designed to protect consumers and reign in excessive charges on credit cards will go into effect next year. Alan levin of Credit.com explains some of the changes. (Sept. 25)

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  • The new rules were positive. However, those consumers with moderate credit card debt have now become the victims of the credit card companies. Hard-working Americans are experiencing notifications from the credit card companies of higher rate--even if they pay over the minimum each month and never have a late payment. Credit card companies are closing paid off accounts, often resulting in lower credit scores. The bottom line, responsible consumers are becoming the victims now.

  • Ah Credit Cards. I have seen college students use them and they fall victim to it's use. Maybe this is why banks advertise on campus. Just to find new victims to bankrupt.

  • Credit Cards are the calling cards of Satan.

  • Take your Credit Card and shove it up your Debt is Good ASS.

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