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bad credit

Guess Who’s Looking at Your Credit Report?

It’s commonly known and generally accepted that banks, credit card issuers, auto lenders, credit unions and finance companies see your credit reports when you apply for a credit benefit. Many of them can pull your credit reports and scores as often as they want as part of their ongoing account management practices.

…Further, they can also see if you have open credit cards with available credit and, thus, the ability to charge the payment for the collection.
Employers
We already know that employers can review your credit reports, in most states, as part of their employment screening…

Link:
Guess Who’s Looking at Your Credit Report?

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New Credit Card Penaly Fee Restrictions Take Effect

New rules designed to protect credit card users from “unreasonable late payment and other penalty fees” come into force Sunday as a result of the Wall Street reform bill.

…Credit Card Debt

Washington (CNN) — New rules designed to protect credit card users from “unreasonable late payment and other penalty fees” come into force Sunday as a result of the Wall Street reform bill. The rules block credit card companies from charging more than $25 for late payments except in extreme circumstances, prevent them from charging customers for not using their cards, and requires them to reconsider rate increases imposed since January 1, 2009, according to the Federal Reserve, which approved the regulations. They are the final provisions of federal legislation that placed new restrictions on credit card interest rates and fees, completing the most comprehensive overhaul of the credit card industry in history. The banking industry has already made changes in response to the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009, a spokesman said Sunday. “The industry has moved swiftly to implement all of these changes and the final piece of the puzzle is now in…

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New Credit Card Penaly Fee Restrictions Take Effect

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