http://www.gatherlittlebylittle.com/2009/12/new-credit-card-legislation/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Wed, 08 Feb 2012 18:29:01 +0000 hourly 1 http://www.gatherlittlebylittle.com/2009/12/new-credit-card-legislation/#comment-14157 Christina Wed, 30 Dec 2009 22:04:16 +0000 http://www.gatherlittlebylittle.com/?p=2570#comment-14157 I almost forgot this is going into effect in February. Our APR was recently raised to 17.99% for absolutely NO reason. I called them and tried getting it reduced, our credit score is excellent and we have never even been late on a payment. After 3 calls, they still wouldn't budge. I came to the conclusion that they were doing that in order to make money before this act went into effect. We have a plan to pay off our debt within the first 6 months of 2010 anyways! I almost forgot this is going into effect in February. Our APR was recently raised to 17.99% for absolutely NO reason. I called them and tried getting it reduced, our credit score is excellent and we have never even been late on a payment. After 3 calls, they still wouldn’t budge. I came to the conclusion that they were doing that in order to make money before this act went into effect. We have a plan to pay off our debt within the first 6 months of 2010 anyways!

]]> http://www.gatherlittlebylittle.com/2009/12/new-credit-card-legislation/#comment-14156 Courtney Wed, 30 Dec 2009 21:45:55 +0000 http://www.gatherlittlebylittle.com/?p=2570#comment-14156 The last bullet point always annoyed me - we actually stopped using one of our cards because of this. I wanted to have one cc due in the first half of the month and one due in the second half, to make our budgeting simpler. So I requested a payment due date change. Within about 6 months, it had crept up to the beginning of the month again, because their billing cycle was only 27-28 days...even though last time I checked, most months had 30 or 31 days. The last bullet point always annoyed me – we actually stopped using one of our cards because of this. I wanted to have one cc due in the first half of the month and one due in the second half, to make our budgeting simpler. So I requested a payment due date change. Within about 6 months, it had crept up to the beginning of the month again, because their billing cycle was only 27-28 days…even though last time I checked, most months had 30 or 31 days.

]]> http://www.gatherlittlebylittle.com/2009/12/new-credit-card-legislation/#comment-14151 FinanceDad Wed, 30 Dec 2009 20:03:06 +0000 http://www.gatherlittlebylittle.com/?p=2570#comment-14151 My feelings are they will find one way or another to get you, the only way to truly prevent losing anything is to not deal with credit cards at all. Thanks for the info. My feelings are they will find one way or another to get you, the only way to truly prevent losing anything is to not deal with credit cards at all. Thanks for the info.

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