Logan Abbott's blog

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Credit Card Bill: Consumers with Good Credit May Bear its Burden

The Credit Card Act of 2009 certainly had good intentions to protect the average consumer from unfair practices that have plagued the credit card industry for years. However, it may not be all good news - especially for credit savvy consumers who have mastered the art of the credit game and learned how to use it to their financial advantage.

Happy 4th of July!

We wish all you Creditnetters a very happy Independence Day!  Drive safely and spend wisely! The Creditnet Team

The Return of The Annual Fee

A couple of weeks ago President Barack Obama officially signed into law a bill that will change the credit card industry forever. Now, the main problem remaining for consumers is that most of the new rules don't actually take effect until February of next year.