Customers Now Have The Advantage Over Credit Card Companies

Before the Credit CARD Act of 2009, the credit card business was like the Wild West. Pretty much anything goes when it comes to hidden fees, charges and taking your money. While many companies still have control over rate caps and fee settings, this act has given some help to the consumer when dealing with hidden fees. Here are just some of the most important provisions in this act that a consumer can use to their advantage. Interest rate increases: Customers are now given a 45 day notice

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