http://www.consumerismcommentary.com/house-approves-expediting-credit-card-act/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 12 Feb 2012 20:01:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.consumerismcommentary.com/house-approves-expediting-credit-card-act/comment-page-1/#comment-199911 Consous Tue, 10 Nov 2009 21:11:28 +0000 http://www.consumerismcommentary.com/?p=7552#comment-199911 Has anyone heard about how they'll prevent an account closure from hurting a credit score? Can't see how this law would have anything to do with FICO scoring models- if you have a closed account with a $0 limit, your total available credit will drop by whatever that limit was before you closed it. Has anyone heard about how they'll prevent an account closure from hurting a credit score? Can't see how this law would have anything to do with FICO scoring models- if you have a closed account with a $0 limit, your total available credit will drop by whatever that limit was before you closed it.

]]> http://www.consumerismcommentary.com/house-approves-expediting-credit-card-act/comment-page-1/#comment-208745 Consous Tue, 10 Nov 2009 21:11:00 +0000 http://www.consumerismcommentary.com/?p=7552#comment-208745 Has anyone heard about how they'll prevent an account closure from hurting a credit score? Can't see how this law would have anything to do with FICO scoring models- if you have a closed account with a $0 limit, your total available credit will drop by whatever that limit was before you closed it. Has anyone heard about how they’ll prevent an account closure from hurting a credit score? Can’t see how this law would have anything to do with FICO scoring models- if you have a closed account with a $0 limit, your total available credit will drop by whatever that limit was before you closed it.

]]> http://www.consumerismcommentary.com/house-approves-expediting-credit-card-act/comment-page-1/#comment-199899 John L. Tue, 10 Nov 2009 14:53:35 +0000 http://www.consumerismcommentary.com/?p=7552#comment-199899 I agree. These guys clearly didn't need much time at all to start jacking over their customers. I agree. These guys clearly didn't need much time at all to start jacking over their customers.

]]> http://www.consumerismcommentary.com/house-approves-expediting-credit-card-act/comment-page-1/#comment-199898 Miranda Tue, 10 Nov 2009 13:50:00 +0000 http://www.consumerismcommentary.com/?p=7552#comment-199898 I guess it's nice that they're moving up the date, but I think, for most people, the damage has already been done. Minimum payments and interest rates have already gone up, since credit card issuers have been jumping on this one. What would have been best for consumers -- at least at the outset -- would have been immediate implementation when it was passed. I guess it's nice that they're moving up the date, but I think, for most people, the damage has already been done. Minimum payments and interest rates have already gone up, since credit card issuers have been jumping on this one. What would have been best for consumers — at least at the outset — would have been immediate implementation when it was passed.

]]> http://www.consumerismcommentary.com/house-approves-expediting-credit-card-act/comment-page-1/#comment-199897 Miranda Tue, 10 Nov 2009 13:46:19 +0000 http://www.consumerismcommentary.com/?p=7552#comment-199897 I guess it's nice that they're moving up the date, but I think, for most people, the damage has already been done. Minimum payments and interest rates have already gone up, since credit card issuers have been jumping on this one. What would have been best for consumers -- at least at the outset -- would have been immediate implementation when it was passed. I guess it's nice that they're moving up the date, but I think, for most people, the damage has already been done. Minimum payments and interest rates have already gone up, since credit card issuers have been jumping on this one. What would have been best for consumers — at least at the outset — would have been immediate implementation when it was passed.

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