It has been nearly 2 years since the Credit CARD Act was passed and for the most part, things have changed for the better. While there were some dramatic changes in interest rates right before the CARD Act took effect, BillShrink looked at 11 of the major card issuers and found that interest rates have actually stabilized in 2011. Here are some other credit card trends they found for 2011.
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The downside that I want to warn you about is, that there really is no “quick fix” solution. http://bit.ly/pod6EL
Yes, there is. You pay off your balance at all costs and dispose of the account. Paying interest on anything is massively stupid.
Credit card trend is changing the way the Americans now a days spending. In resent study it have shown as an alarming issue for the young generation, as the future of America is going towards deep dept.
I had $68,000 in unsecured credit card debt and had to go to State court 3 times and was sued 5 times. I’m still trying to recover and it will take time.