State of Your Credit: What the Creditors Don’t Want Us to know & What You Need to Know to Reform Your Credit Card Spending

It can be difficult to think of an issue that touches more people, or can get a rise out of more people, than credit card fine print, fees, and staggering interest rate hikes. For some it is an irritation, for others who may have already hit a rough patch, it can become a brutal weight. – WhiteHouse.gov

What matters to your life? Take the weight off you and your credit by making the reform work for you.

The credit card reform goes into full effect next week; here are some of the numbers that will impact you:

1. 60 Months increase free: Credit card issuers cannot give your interest rates an increase for next 60 months.

2. 45 days notification of changes: Credit card changes in terms of conditions must come with advance notification of minimum of 45 days

3. 21 day statements: Statements must be mailed 21 days before payment is due, up from 14 days

4. 0 Fees: No fees because you decided to call to make a payment



To live your life and live it well, LiveSisterLive, wants you to live right by your credit cards. Here’re some add’ tips to reform your credit card use:

• Use them wisely and timely which means also pay your bills on time


• Use them for your life needs, not to get you in more debt

• Use them as long as it doesn’t wound your credit card reputation

• Use them understanding the impact of the new terms

• Use them to get rewards and points but pay them off quickly

• Use for emergencies but still make cash your queen and king


LiveSisterLive!



Watch, Engage, Discuss - Monday at 2:00: Credit Card Reform Kicks In The White House