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Thursday, May 8, 2008

About Credit / Debt Management: Feds Rules Force Credit Card Clean Up

About.com   Credit / Debt Management
In the Spotlight | More Topics |
  from LaToya Irby
As you saw in the Credit/Debt Management newsletter a couple of weeks ago, credit cards play some dirty tricks. Wouldn't it be nice if someone, the federal government maybe, stopped credit cards from taking advantage of consumers?

 
In the Spotlight
Feds Cracking Down on Credit Cards
Last week, the Federal Reserve, along with other federal regulators, proposed rules that would end some of the predatory practices credit cards have in place. Find out what the rules include.

 
         More Topics
Double-Cycle Billing Finance Charges
Double-cycle billing is one of the most costly methods of calculating finance charges. And, if passed, the Feds new rules would get rid of this practice. Does your creditor use the double-cycle billing method to calculate your finance charges?

 
6 Ways Finance Charges Are Calculated
Double cycle billing is just one of the ways creditors calculate finance charges. If your credit card isn't using double cycle billing, it's probably using of the other five methods listed in this article.

 
 
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