CardSuggest.com provides independent reviews of popular credit cards.
This is done to help you make an educated and informed decision about what the best credit card is for you and your spending habits.
This is a new day in the world of lending and especially credit cards. Congress has just passed new legislation to govern the interest rates and fees you are charged.
They did this in response to the increasing interest rates on credit cards. Unfortunately the government doesn't seem to see they are in essence governing themselves.
The reason many prime (good credit) cards raised their interest rates was from pressure from the government to have capital on hand. The government pressured the banks through their 'stress tests'.
There is one thing constant in a capitalist society and that is that business will find a way to make money. If the lending community can not find a way around this new legislation it means their is less money to be made.
This will cause some people to get out of the business and that will translate into less available credit for you and business owners.
We put our confidence in our great capitalist society to find a way around this new legislation and continue to make lending money a profitable business.
If not we will experience unprecedented times that will make our current 'financial crisis' feel like the 'good old days'
Tough Financial Times
These are unique days to everyone, we are in the midst of a world wide economic crisis.
Every lending institution has drastically changed their approval requirements. Thus making your credit score an even more important number.
For FREE Tips to improve a low credit score, manage your debt, and save money during these tough economic times - sign up below.
