Re: myFICO Insider's Guide to 2010 credit card reform and new FHA mortgage rules
02-19-2010 03:47 PM
Thanks Barry, very informative. It explains why one of my credit cards (Chase Visa) increase their APR rate to 29.9% as of February. Probably before the credit card reform went into effect and to make up for there lost in overdraft fees . I personally transfer that credit card to a debt consolidation program and what disgusted me the most was that Chase agree to lower the interest rate to 2% with the consolidation program. However, I rather my credit score take a hit then give Chase all my money! I have to say, I've learned a whole lot about credit cards the pass couple of years and made a promise to myself to keep only one credit card and only use it for emergency purpose only!!
Thanks Europa )