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Credit Card Debt Collection issues with overdue or defaulted credit card debt.

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Old 09-04-2009, 04:37 PM
artcat20 artcat20 is offline
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Default New Credit Card Legislation Passed
Hello!

Can any one tell me about- or some good website links- that refer to this new "sweeping" credit card relief law that Obama signed into law?

All I know is-
- it doesn't go into effect until July of 2010- next year.
- I only have heard parts of it- such as- a non- universal default clause.
So if you are behind on a few of your cards with OTHER card companies- they can't raise your int rate or effect YOUR card because of it.

-What is it called?
- Any good links for more info on it?

Will it cause a fever-feeding-frenzy by credit card companies?
What adverse revenge reactions are we likely to expect?

Thanks so much!
artcat20
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Old 09-07-2009, 07:13 PM
Mr. Knowitall Mr. Knowitall is offline
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Default Re: New Credit Card Legislation Passed
There's a ton of stuff that you can find with Google.
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