New Credit Card Act Ensures Debt Help For Consumers

New Credit Card Act Ensures Debt Help For Consumers: "Passed to better protect card holders, the new credit card act as of late February 2010 is providing debt help for those in need. The act presents many new rules, though most of them are geared towards protecting the average consumer.

Creditors will now have to show on their bills how long it will take you to pay off the balance via minimum payments. This will help consumers create a plan for debt relief by discouraging large expenditures to the credit card, while encouraging them to pay above the minimum balance each month." .. (Click on title link above to read how the provisions of the new credit card act can help consumers plan their escape from creditor hell.) ...