All credit cards issuers will check your credit score before issuing a credit card. Credit history is major factor in many life decisions, and knowing your credit score is important when planning for the future. Visit freecredittrio.com to receive your free credit score from all three major credit bureaus just for trying our credit monitoring service free for 7 days. Prepare yourself with the info you need to buy or rent a home, get a loan or get a job.
Archive for August, 2009
Credit cards & credit history
Friday, August 28th, 2009Credit card reforms
Monday, August 24th, 2009Most of the credit card reforms proposed by the credit CARD act come into effect from February next year. However some changes came into effect last week, which include:
- Credit card companies must notify customers 45 days in advance before they change the interest rates and other major terms .
- Credit card users are given a period of 21 days from the day their bills are sent out to the day payment is due. This is an extension of 7 days from the period of 14 days allowed earlier.