Limited Interest Rate Hikes Credit 2010
One of the 2010 credit card rule changes is limitations on credit card issuers ability to increase interest rates. This does not mean we are in the clear and no longer need to concern ourselves with our rates rising. It couldn’t be furthest from the truth.
If we have promotional rates our interest will, of course, increase when the time limit is reached. If we have variable rate credit cards and if we are late on payments with any creditor on our credit profile we will see rates hike up as well. Creditors will have to give us a 45 day notice of these changes in advance.
About Tracy Becker
Visit Our Main Website For Credit Repair Help
For over two decades, I have owned and operated a Credit Education and
Restoration Company. We can increase Fico Scores by hundreds of points and
our fee is billed based on success. I enjoy Public Speaking across the
Country where I work with all kinds of Professionals, helping them find
solutions to Credit Problems. I have Expertise in both personal and
business credit. I've worked with thousands of people leading them into
better credit and ultimately, financial health and more opportunity. I
educate Bankers, Realtor's, CPA's, and Finance Experts on Credit from A-Z.
I'm also publishing my second book "Credit Score Power". Lastly, I've been
interviewed on national Television and Radio as a Credit Expert. Feel free
to contact me if you have any credit questions or clients who wish to
increase their credit score.
Read all the great things our clients have to say about us! Click here...