Whats up with the feds, mandateing a 3% increase on old credit card debt.?

And when did it come into effect?.

And is anyone haveing problems makeing

the their min, payments?

And is it effecting your credit rateing?.

Im turely hopeing that that you or someone you know has some imput for us!.

The over worked and under paid americans. that feel like we%26#039;er being punished for ever investing in the promise of graet things to come out of appelying for a card at all.

Aswell as doing everything posible to increase their credit rateing!

Whats up with the feds, mandateing a 3% increase on old credit card debt.?

Want an answer? Take one look at the number of personal bankruptcy cases file this year.

Consumers are falling into a serious trap when they play around with credit. It starts with them making minimum payments. Then they get a second credit card and transfer the balance, only to run up the balance again on the first card. Then it%26#039;s off to re-finance their homes.

I%26#039;ve seen this over and over again!

So the government is now forced to step in. Be lucky this is all they did.

Whats up with the feds, mandateing a 3% increase on old credit card debt.?

It is a good thing for consumers. Although the monthly payment is higher, you end up paying more principal which means that you will pay less interest.