Credit card reforms in the offing
Posted by admin . Published on 27 October 2009, Received
The US administration is busy finalizing the norms for ensuring fair deal for the millions of credit card customers. The sudden increase in the interest rates on existing debt is likely to be outlawed.
Also the government is planning to ban any increasing in customer spending limits without the written consent of the customer. These rules are likely to help out millions of credit card customers who are on the verge of becoming bankrupt due to unfair practices by the Credit card firms.
