A Credit Card Act was passed by the US government in order to prevent the credit card issuers from using unfair and deceptive practices to make more money from cardholders. However, the consumers still need to know the major provisions in the law, the way of getting a good credit repair service provider and the loopholes in order to manage credit cards in the best manner.
Archive for category Financial News
When it comes to plastic surgery, as anyone with a botched nose job or facelift will tell you, it is better to pay the higher price to have a reputed and certified plastic surgeon treat you than to go to an unknown doctor and have yourself operated on for the cheaper price.
This fact was recently proved when Steven Moos, an unlicensed plastic “surgeon” was arrested for conducting illegal cosmetic surgery in his kitchen in Dubai. Moos has also practiced in the US and is currently on the FBI and Interpol’s wanted lists. Naturally and finally, Moos has been barred from practicing medicine in the US. Read the rest of this entry »
Financial Facts views the the key objectives of government’s proposed measures to be aimed at preventing credit card companies from continuing an “unfair” relationship with consumers.
Government wants to stop credit card providers from raising interest rates on existing debts and to ban the raise of a customer’s credit limit without consent.
Customer’s most expensive debts will be prioritised for repayment, while a rise in the size of repayments aims to speed up debt repayment. Read the rest of this entry »
Leaders of the G-20 have been unusually busy this year. The financial meltdown has everything to do with it. First was in Washington in November 2008 – crisis meeting, then London in April 2009 – reviewing actions and recently in Pittsburgh in September – planning towards avoiding a future crisis. Read the rest of this entry »