New credit card laws affect credit debt

The Federal Reserve's newly adopted rules for credit card companies have been in place for nearly 2 years. Has this meant that new credit card protections are still in store for you?
Key changes are: more advance notice and real limits on changes, relief from fees, and simpler disclosure.

Credit card relief will best be felt by limits on credit card interest. Credit card apr and balance transfer credit cards will now have real value to you as you try to escape credit card debt.

Credit card offers may keep multiplying in your inbox and your mailbox as this new law keeps affecting us in every walk of life. Business credit card offers and 0 credit card offers might sound tempting. But it's important to select the credit card that's right for you.

You can visit our website for more free advice on credit cards at http://www.findhow2.com.

And check out these two helpful sites, that can help explain the new credit card laws in plain English:


CreditCards.com


FederalReserve.gov