What the New Credit Card Rules Mean to You
by Kimberly Lankford, Contributing Editor, Kiplinger's Personal Finance
The Credit Card Accountability, Responsibility and Disclosure Act of 2009, which President Obama signed on May 22, bans many of the credit-card practices that have irked borrowers for years. Most of the new rules take effect in February 2010. Here’s what’s in it for you.
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“Cash Gifting” – The Latest Pyramid Scheme
Online promotions promising easy wealth to people who join a “cash gifting” program or gifting club are flourishing on the Internet. For many families struggling to make ends meet in the current economy, a gifting club may sound like a great way to bring in extra money. But cash gifting is not a legitimate way to make a few extra dollars; it is, in fact, nothing more than a pyramid scheme.
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What to Do If Your Car Dealer Closes
General Motors and Chrysler have announced that they are closing almost 2,000 dealerships across the country by not renewing their franchising contracts. Millions of vehicle owners are concerned about what this means to them. Read on for answers to some frequently asked questions about dealer closings.
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Special Credit Card Deals for Military
The credit card industry has been under the spotlight lately for charging high fees and hiking interest rates. But if you are in the military there may be some good credit card deals out there just for you. A number of credit card companies have special provisions in place for their military customers. Is your credit card company one of them? It’s important to ask.
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Door-to-Door Salesman - A Good Summer Job?
BBB recently issued a press release warning consumers about their chances of getting ripped off by door-to-door magazine salesmen. But it’s important for teens to know that the young employees of door-to-door sales companies may also be getting taken for a ride – literally!
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