Credit Cards

[fkj]

Great artcle.

Is there any way to get these card companies to remove these crazy rates other that just asking? Any laws or regulations? Credit scoring seems like a shell game. You do something you feel is right, but it could turn around and bite you. Is there a step by step way of getting the top score, or are we slaves to the credit computer? 

[JoeBJay20]

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fkj wrote:

Great artcle.

Is there any way to get these card companies to remove these crazy rates other that just asking? Any laws or regulations? Credit scoring seems like a shell game. You do something you feel is right, but it could turn around and bite you. Is there a step by step way of getting the top score, or are we slaves to the credit computer? 

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Currently no, the new credit card regulations don't kick in until next year.  So what's happening now is a lot of issuers are jacking up their rates to beat the new regulation.  As far as getting a great score, it takes time, years of managing your credit.  You should read through the Credit Scoring 101 thread for more info.  

[pattycake]

Also read the Success Stories thread.  People have done some amazing things following the advice on these boards.