Credit Card Accountability, Responsibility and Disclosure Act (CARD) of 2009

On May 22nd, 2009 Barack Obama signed new legislation into law called the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (Credit CARD Act).  The law was supposed to force credit card companies to become more transparent with their fees, interest rates and other provisions, and create a more consumer friendly environment.  Whether or not that will actually happen is still up for debate.  As of yesterday, February 22nd, 2010, the law is now in effect.  Read more... (666 words, 11 images, estimated 2:40 mins reading time)

• How Is Your Mortgage Interest Rate Determined? There are a number of factors that influence how your mortgage interest rate is determined. For anyone in the market for a mortgage (be it for a new purchase or a mortgage refinance), understanding the basics of how interest rates are set will be a tremendous help in making informed......
• What did & didn't work for debt reduction Getting out of debt took a lot of time and effort, especially in the early years. Here is a list of what did & didn't work in my debt reduction efforts: First, what did NOT work: 1. Borrowing money at a lower interest rate (shuffling my debt around) 2. Selling......