Why don’t the credit card rule changes apply to Business Credit?
The Fed agreed with the credit card companies that the risk of default is greater for business when it comes to paying credit card debt. Since the chances are higher that a business will default on credit card financing the credit card companies are allowed to charge more in interest and have less rules when it comes to extra fee’s and other potential costs the credit holder might be penalized with.
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For over two decades, I have owned and operated a Credit Education and
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