In the chaos of the financial industry meltdown, you may have missed the news that a Bill was passed by the House, and now awaits Senate approval. Dubbed the "Credit Cardholders' Bill of Rights", the law would update the Truth In Lending Act with provisions specifically aimed at curtailing the exploitive practices card issues have developed over the years. One of the Bill's main sponsors, Carolyn Maloney (D-NY) describes the main provisions of the Bill on her web site, including the following provisions:
Current Debt: $36,242.95
Starting Debt:$63,311.34
Monthly Commitment: $1,500
Average Rate: 3.72%
Payment Efficiency: 92.35%
Payoff Date: Dec-2011 -2y 2m
DueMinder's Debt Manager is currently in Beta Testing. This means that major features are complete, and that testing continues by a large group of real users. We are on schedule for a fully operational, General Availability release Feb 1, 2009. Current development news: - Notifications are now enabled (payment notifications, periodic account summary) |
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