Get Loans

New Credit Card Rules went into effect this week offering protections from hikes on interest rates, explanations from lenders on why they raise interest rates on consumers and at least a 45 day warning before doing so.

Also, no inactivity charges for cards, and restrictions on late fees and over the limit fees.

However lenders are “fighting back” sort of speak, by raising annual fees, annual interest rates, restricting risky borrowers to find a good rate card, and if you have an unused card for emergency, it may get cancelled.