Restricts interest rate increases on existing balances.
Credit card issuers cannot raise interest rates on existing balances, EXCEPT:
When the increase varies under a variable interest rate.
At the end of the promised time period for a promotional rate.
If the required minimum payment is not received within 60 days after the due date.
Increases notice for rate increase on future purchases.
After the first year, the card issuer can raise the rate on future purchases with 45 days notice. No notice is required for increases due to one of the reasons stated above.
Filed under:
Wealth
by Gary
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To start, make sure you have an income which exceeds your expenses. This frees you up to save and invest.
According to Charles Dickens’ David Copperfield, having more income than expenses creates happiness. Misery is having more expenses that income.
Filed under:
Wealth
by Gary
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I am what society deems as fat. That is to say, I am heavier than I should be for my height. I do not believe that I am fat. I believe that I have fat. Sometimes too much fat according to the tightness of my jeans.
Filed under:
Health
by Felicia
1 Comment »
Let’s get one thing understood! Credit Cards have been invented by banks to make THEM money – that is the only reason they exist.
Filed under:
Wealth
by Gary
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