FYI: credit card payment changes

My true, solid, best recommendation is to contact your credit card companies and find out their intentions.

I know some companies have sent out information already to their clients. However, we all throw away our “junk mail” we get with our credit cards.

Honestly, to some, this is going to be relatively painless. To others I’m afraid, it is really going to hurt.

In all my searching on this, I cannot find the actual federal press release on this. Everything that I can find is soley based on 2nd and 3rd hand media reporting, which leads into biased statements and information.

Again, the consumers should really contact their credit cards companies to find out how it is going to impact them.

My true, solid, best recommendation is to contact your credit card companies and find out their intentions.

I know some companies have sent out information already to their clients. However, we all throw away our “junk mail” we get with our credit cards.

Honestly, to some, this is going to be relatively painless. To others I’m afraid, it is really going to hurt.

In all my searching on this, I cannot find the actual federal press release on this. Everything that I can find is soley based on 2nd and 3rd hand media reporting, which leads into biased statements and information.

Again, the consumers should really contact their credit cards companies to find out how it is going to impact them.

Thanks Gary.
Thanks, Bill

Thanks Gary.
Thanks, Bill

Here is some more information that I got this morning at our visa meeting…..

It is up to the institution to decide if they want to increase the minimum payment. For example I work at a credit union and we are not raising our minimum payments. there will be no changes what so ever. However thats not to say that wells fargo or us bank or any of the other monster institutions will do the same. I would take Gary advice and call your institution that credit card is from. If they are conforming on the first of the year you should call Gary ASAP and get your debt consolidated before it you

Here is some more information that I got this morning at our visa meeting…..

It is up to the institution to decide if they want to increase the minimum payment. For example I work at a credit union and we are not raising our minimum payments. there will be no changes what so ever. However thats not to say that wells fargo or us bank or any of the other monster institutions will do the same. I would take Gary advice and call your institution that credit card is from. If they are conforming on the first of the year you should call Gary ASAP and get your debt consolidated before it you

Here is some more information that I got this morning at our visa meeting…..

It is up to the institution to decide if they want to increase the minimum payment. For example I work at a credit union and we are not raising our minimum payments. there will be no changes what so ever. However thats not to say that wells fargo or us bank or any of the other monster institutions will do the same. I would take Gary advice and call your institution that credit card is from. If they are conforming on the first of the year you should call Gary ASAP and get your debt consolidated before it you

About two weeks ago I called Think Credit Union [formerly IBM] and the gal I talked to didn’t know anything about it. So maybe the credit unions aren’t? Thanks for the update. Please keep us posted.
Thanks, Bill

About two weeks ago I called Think Credit Union [formerly IBM] and the gal I talked to didn’t know anything about it. So maybe the credit unions aren’t? Thanks for the update. Please keep us posted.
Thanks, Bill

About two weeks ago I called Think Credit Union [formerly IBM] and the gal I talked to didn’t know anything about it. So maybe the credit unions aren’t? Thanks for the update. Please keep us posted.
Thanks, Bill

Correct Bill!

Most credit unions and other small “local banks” will be very slow to respond to this.

Banks such as CITI, Bank of America, MBNA will be the first to make the changes.

Nobody should panic over this. All with credit card debt, that is rolled over each month however should contact their credit card company and find out that company’s intentions, so no surprises appear.

Please feel free to ask any question that is in regard to this, or similar scenario. I’m more than happy to assist in any way I can.

Correct Bill!

Most credit unions and other small “local banks” will be very slow to respond to this.

Banks such as CITI, Bank of America, MBNA will be the first to make the changes.

Nobody should panic over this. All with credit card debt, that is rolled over each month however should contact their credit card company and find out that company’s intentions, so no surprises appear.

Please feel free to ask any question that is in regard to this, or similar scenario. I’m more than happy to assist in any way I can.

Correct Bill!

Most credit unions and other small “local banks” will be very slow to respond to this.

Banks such as CITI, Bank of America, MBNA will be the first to make the changes.

Nobody should panic over this. All with credit card debt, that is rolled over each month however should contact their credit card company and find out that company’s intentions, so no surprises appear.

Please feel free to ask any question that is in regard to this, or similar scenario. I’m more than happy to assist in any way I can.