Credit Cards

The Credit CARD Act requires credit card companies to provide 21 days between the time they mail a bill and when they charge a late fee. It also puts reasonable limits on late fees and interest rate penalties. The number of households who report paying late fees on their credit cards has declined...
Data Byte
The conventional wisdom says that American households are deleveraging – after years of living beyond our means, Americans are finally paying down debt and getting our financial house in order. But as Demos’ 2012 National Survey on Credit Card Debt of Low-and Middle-Income Households reveals,...
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