Use Credit Card Debt Law To Get Out Of Debt

4/11/10 12:56 PMCredit Card Debt Law - What Are Your Rights? Page 1 of 1http://ezinearticles. com/?Credit-Card-Debt-Law---What-Are-Your-Rights?&id=3998484&opt=print Credit Card Debt Law - What Are Your Rights? By James Montgomery Article Word Count: 352... More

4/11/10 12:56 PMCredit Card Debt Law - What Are Your Rights? Page 1 of 1http://ezinearticles. com/?Credit-Card-Debt-Law---What-Are-Your-Rights?&id=3998484&opt=print Credit Card Debt Law - What Are Your Rights? By James Montgomery Article Word Count: 352 [View Summary] Comments (0) Credit card debt law, including the new Credit Card Accountability Responsibility and Disclosure Act of 2009, gives you significant rights. The new Act which became effective in February of 2010 requires companies to actually mail bills at least 21 days prior to the due date of the bill. Unless you are 60 days late in payments, the lender cannot raise the interest rate on existing balances on your card. Notice must be provided at least 90 days prior to a rate hike. Payments must also be applied to the highest rate balances first, not the lowest interest rate. What about collectors? You have the right and obligation to dispute a debt if it is invalid or that has been incorrectly calculated. The dispute m Less