If you are interested in learning about any program we offer, just call: 1-877-766-2465 for a no pressure, no obligation consult, or visit: FREE CONSULTATION and leave your contact information. We do not ever share your information.

Update on Credit Card Reform Act of 2010

A major advantage of the new law, in my opinion, is the calculator comparison which shows how long to pay off at the current payment, plus how long to pay off at a slightly higher payment. I urge all readres to take this seriously, and use it. Do whatever it is you have to do to come up with the extra money to make the slightly higher payment. In most cases it is only 20 to 40.oo ollars per month, and will get you paid off in 3 or 4 years, provided you stop using the card.

Another big item to be aware of is the 800#, which is listed, for access to a consumer credit card consolidation program. Just be aware that these are non-profit credit counseling programs and are completely controlled by the banks. They survive because the banks pay them for every dollar paid to them, through the non-profit. The real problem is that they can only offer you one debt solution. So, if you are in a complicated debt situation and cannot afford your monthly payments now, chances are slim that they can help you.

If you are in a serious debt situation and would like to explore all your debt relief options then by all means visit: Debt Relief Options.

If you would like to learn more about the 2010 credit reform act and more free information as well, simply visit: Credit Card Reform Act Free Info.

If you enjoyed this article and are not currently a subscriber, please see our FREE Credit Counseling Newsletter below and simply leave your email address. We never share your information.

Written By:
Steven Ciantro
Member National Association Of Certified Credit Counselors
American Debt Enders

If you would like to receive our FREE Credit Counseling Newsletter packed with Great articles on Personal Debt Management and Self Empowerment thru Debt Freedom then:

Subscribe to our Free Credit Counseling Newsletter

You will receive periodic updates from our Free Credit Counseling Blog in Newsletter format. The blog provides unbiased relavant information from the best credit counselors in the country, including a link to Financial Talkcast Radio, devoted to debt solutions.

Enter your Email

Preview | Powered by FeedBlitz

Click here to visit the blog