Stop Collection Agency Harassment

You know how we feel about credit cards. We advocate ONLY one AFTER your credit score is restored and up to 700 at least. All of the consumers we talk to do not have a problem with that at all. They have learned an expensive lesson and have a very bad taste in their mouth about the little piece of plastic.

The consumer was a target with a score of 600s back in the 90s. The consumer thought they wanted to keep up with the Jones’. The Jones’ are in credit card debt for the next 60 years and no one knows. Society is to blame? Or what about the fact that we do not make enough money at our job to have the “nicer” things in life? This really boils down to psychology and marketing and what we do not have in life. Credit cards make you feel soooo good. Well see where that got us!

The creditors greed saw an opportunity of trillions of dollars with consumer credit cards. Who to blame? Ah, the blame game. The creditors and MARKETING put the temptation out there, and WE bit. Blame is on both parties.

Here are some articles to inform you of changes today. Even though you may not have a credit card at this stage in your life, it is very important that you are aware of significant changes because soon your financial situation will be in another stage (credit restoration) and you will be able to have ONLY one card. For emergency only!

NEW YORK (AP) — The rules your credit card company operates by will start getting much clearer on Thursday. But just because you’ll know what they’re up to doesn’t mean you’re going to like what you learn.

Regulations aimed at reining in practices like unexpected interest rate increases and credit limit cuts start with two rules. Consumers will now be given advance warning of any major changes to the terms of their accounts, and get more time to pay their balance after receiving a bill.

and more. . .

Effective today, new lending and interest rate laws will force credit card companies to provide customers with more time to pay their bills. The companies will also need to warn customers in advance of any major changes to the terms of their accounts.

NEXT LEVEL CREDIT ”Taking Your Credit to the Next Level”

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