BBB Credit card laws
Howard Schwartz of the Better Business Bureau told ‘Good Morning Connecticut’ ways that you can handle credit card debt and interest rate increases.
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Howard Schwartz of the Better Business Bureau told ‘Good Morning Connecticut’ ways that you can handle credit card debt and interest rate increases.
The rise in interest rates happened while card issuers could still legally do it, and the law is written to prevent such increases.
Better Business Bureau’s mandate among others, is in this case, public education so that people such as you, can understand what the legislation will do and how to deal with the recent and future increases. Perhaps you should listen to the interview.
Sounds like you have some issues.
These 2 guys are idiots. Credit card companys are raising rates right now on people like me with A+ credit and good history with the company.
It sucks that they are allowed to raise the rate on a balance someone is already struggling to pay. All the rate increase and new language seems to be happening just before the new laws are in place to prevent these increases. The BBB seems to be all for screwing people over, what do they really do anyway!