Frequent Contributor
Posts: 358
Registered: ‎06-25-2012

TWMAZ wrote:

SO if you missed a payment on one of your four cards Obama has issued a new law with credit card companies that any of your four remaining cards can see you were late, delinquent or careless with your payment and they will and can send a letter saying your rates are higher your limit is lower your over your limit and whatever else they want like we are done with you and an instant CO is on your report and guess what it is your fault you wanted the charge the credit and did not make your payment No Mercy like MR. MEAGGUY says take then down Daniel son.

What you are referring to is called universal default, and the CARD Act didn't make it happen -- it outlaws it. This is akin to saying the Affordable Care Act creates "death panels" when in reality it stops existing insurance practices that do just that.