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The Consumer Credit Protection Act (CCPA) is a United States law Pub. L. 90–321, 82 Stat. 146, enacted May 29, 1968, composed of several titles relating to consumer credit, mainly title I, the Truth in Lending Act, title II related to extortionate credit transactions, title III related to restrictions on wage garnishment, and title IV related to the National Commission on Consumer Finance.
Key takeaways. If you have unpaid credit card bills that are sent to collections, you have several options when it comes to repaying the debt. You can wait for the debt to reach the statute of ...
The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 is a federal statute passed by the United States Congress and signed by U.S. President Barack Obama on May 22, 2009. It is a comprehensive credit card reform legislation that aims "to establish fair and transparent practices relating to the extension of credit under ...
Your credit mix: How much debt you carry in different categories, such as mortgage loans and credit cards. This accounts for 10 percent of your score. This accounts for 10 percent of your score.
Balance transfer credit cards: If you’re stuck with high credit interest rates, a 0 percent interest rate balance transfer credit card might simplify your cash flow for a period. Be sure you can ...
The Fair Credit Billing Act (FCBA) is a United States federal law passed during the 93rd United States Congress and enacted on October 28, 1974 as an amendment to the Truth in Lending Act (codified at 15 U.S.C. § 1601 et seq.) and as the third title of the same bill signed into law by President Gerald Ford that also enacted the Equal Credit Opportunity Act.
Since banks, credit companies and other creditors are the ones who must bear the losses for debts discharged through bankruptcy, their lobby power was a great supporting factor to eventually prevailing and getting Congress to pass the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
Start by contacting your credit card company and find out if they have a credit card debt forgiveness program. Beware of companies that tout government-sponsored credit card debt forgiveness programs.