Making it as a small business owner is tough enough without all the confusion caused by misleading credit card branding and the illogical application of the Credit CARD Act of 2009. However, despite being the backbone of our economy and being personally responsible for business credit card use, small business owners were largely excluded from the credit card bill of rights that characterizes the post-CARD Act credit card landscape. So, what can you, as a small business owner, do to have the best chance of business success? What should you believe and what information must be disregarded?
Posts Tagged ‘credit card act’
Get Out of Credit Card Debt in 3 Years or Less
February 18, 2011New credit card rules went into effect in 2010, requiring that your monthly credit card statement include important information about how long it will take you to get out of debt if you only pay the minimum payment and what payment you need to make to become debt-free in three years. We show you how to use this information to your advantage to help you come up with an actionable “get out of debt plan” for the next three years.
5 Best Credit Cards for College Students
August 25, 2010Being away at school offers a plethora of spending opportunities. Some are to be expected, like books, groceries, rent, utilities and random university fees. And some, like hospital and auto expenses, are not so expected.
FTC Cracks down on ‘Free’ Credit Report Web Sites
April 6, 2010As of April 1, 2010, any Web site offering a “free” credit report that isn’t really free must prominently disclose on its site that free credit reports are available under Federal law at AnnualCreditReport.com. The new FTC rules apply only to “free” credit reports that are tied to the purchase of a product or service, or [...]
12 Ways to Spring-Clean Your Finances
March 30, 2010The first day of spring has come and gone, officially marking the time of year to clean house – and not just your literal home. It’s also the perfect season to tidy up your finances. Just like you might have a “to do” list for your house spring cleaning tasks, here are 12 simple to dos to help you clean your financial house.
What the Credit CARD Act Means for You and Your Wallet
February 4, 2010By: Will Tumulty, CEO of Ready Financial Group The new Credit CARD Act recently passed by Congress and signed into law by President Obama goes into effect just a few weeks from now on February 22, 2010. The CARD Act contains a number of provisions designed to make credit card disclosures more clear for consumers [...]
New Credit CARD Act Provisions; Will Your Credit Cards Be Affected?
August 17, 2009Back in May, President Obama signed into law the Credit CARD Act of 2009, officially known as the Credit Card Accountability Responsibility and Disclosure Act of 2009. It’s a pretty big deal and will likely affect your credit cards one way or another. The Credit CARD Act includes several provisions, most of which will go [...]
