Comments on: 6 New Credit Card Rules

By: Baby England Kit

Baby England Kit — Tue, 20 Apr 2010 16:12:21 +0000

those are gd news! for me the best one is that i will finally be out of the debt snowball

By: Email Delivery

Email Delivery — Fri, 12 Mar 2010 09:34:40 +0000

I forgot I’m still 19 years old and I only earned online. What do you think I can submit to get a credit card?

By: Email Delivery

Email Delivery — Fri, 12 Mar 2010 09:33:25 +0000

Tip number 6 really helps me! I thought I can no longer get my own credit card.

Thanks,
Matt

By: oneadvice

oneadvice — Fri, 05 Mar 2010 17:13:08 +0000

Thanks for posting this rules, i think they must be US specific as haven’t heard anything about them in the UK, but it is good to know how countries are trying to get a hold of personal debt.

By: pays to live green

pays to live green — Mon, 01 Mar 2010 14:51:57 +0000

Most of the rules make sense, but I still think it will be hard for kids when they have to buy a car or a house without having a credit card until they are over 21.

By: rama

rama — Sat, 27 Feb 2010 01:10:27 +0000

The Credit CARD Act of 2009 has been designed to protect the consumers. With its help, we will be able to figure out a debt elimination plan that will not damage our credit history.

By: ergasia

ergasia — Thu, 25 Feb 2010 08:46:16 +0000

I think most of the new rules are in the right direction, especially at times where the economy slipped into a recession.

By: Credit Card Chaser

Credit Card Chaser — Thu, 25 Feb 2010 03:34:28 +0000

Also check out this 5,000 word guide to the CARD Act with a short “In a Nutshell” synopsis of each major change: http://www.creditcardchaser.com/credit-card-act-of-2009/

By: Shaun McGowan

Shaun McGowan — Wed, 24 Feb 2010 23:43:06 +0000

The rate cannot be raised in the first year after an account is opened unless an introductory rate has come to an end. After that, cardholders must be notified 45 days in advance of any rate change.

By: Credit Girl

Credit Girl — Wed, 24 Feb 2010 20:24:09 +0000

Thanks for clarifying all these new rules and regulations w/ the credit cards. I’m curious, do you know what kind of proof of income one would have to show to get a credit card if he/she is under 21?

By: Digital SLR Camera

Digital SLR Camera — Tue, 23 Feb 2010 08:52:25 +0000

i always pay my credit card on time or once i get enough money to pay.
i remembered the days when i always pay late because im too lazy only to do something simple, but always shopping.. and become horrible day after that..
sigh… i never do that again.

By: Keith Morris

Keith Morris — Tue, 23 Feb 2010 02:49:19 +0000

Happy CARD day, Lulu! I’m excited about this legislation, and we’ve been writing about it over at LifeTuner as well. The important thing is to make sure to read the fine print, especially now that banks are going to be looking for ways to make back the money they’re losing to this new set of laws. http://bit.ly/bW00Wr