Consumers and businesses today have a much wider set of debt relief programs available to them than in times past. There once was a time when the only debt relief options which existed were debt consolidation/home equity loans, and in extreme cases - bankruptcy.
But time marches on, and the U.S... (READ MORE)
As the video below explains, the second part of the new credit card legislation signed into law last year by President Obama goes into effect on February 22, 2010. There will be a new transparency and a full disclosure of what credit card holders can expect in terms of how long it will take to pay off their credit card balances if they continue to only make the minimum monthly payments.
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