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If you feel like David facing Goliath every time you open your credit card bill, help is on the way.

"The days of any time, any reason rate hikes and late fee traps have to end," President Obama told a group of top credit card executives Thursday.


Fed up with credit card gimmicks, late fee traps, abusive fees and arbitrary interest rate hikes? Complete a 20-second form.

You Could be Debt Free in 12-36 months. Start Now                                                                                                                                DebtHelp101


According to the White House more than three-quarters of American families have credit cards and roughly half of them carry a balance from month to month. The average debt among families with a balance $10,000, and roughly one-fifth of those with credit card debt pay interest rates higher than 20 percent.

What the Credit Cardholders’ Bill of Rights Will Do for You:

  • Protects cardholders against arbitrary interest rate increases

  • Prevents cardholders who pay on time from being unfairly penalized 

  • Protects cardholders from due date gimmicks

  • Shields cardholders from misleading terms 

  • Empowers cardholders to set limits on their credit

  • Requires card companies to fairly credit and allocate payments 

  • Prohibits card companies from imposing excessive fees on cardholders

  • Prevents card companies from giving subprime credit cards to people who can’t afford them

  • Requires Congress to provide better oversight of the credit card industry

Now Is The Time to Eliminate Your Credit Card Debt. Sign-up and Get Started Today

 

 

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