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Do You Need A Credit Card?

Are you looking for a credit card at this time when you are considering getting a credit card? Consider your existing credit card and find out which credit card is the best credit card for you.

1. If you are going to apply for a credit card with a lot of high interest charges, then you can’t go wrong with one. Credit card lenders generally charge high interest on credit card accounts for any unsecured loan.
2. When applying for a credit card, you are selecting these high interest credit card agreements. This creates a deadlock that will make it hard to reach an agreement and work on improving your credit card skills.
3. When applying for a credit card, any high interest rate credit card will charge you very high interest, which makes the decision between credit card and loan a lot easier. However, you want to take the time and effort to learn about making financial sense and the right credit card agreement to suit your lifestyle. Make your credit card payments a regular payment that you do in the near future. This is known as APR/rate. When you go into negotiation with a credit card lender, you want to make sure APR/rate matches a loan that you have made previously.

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Do You Need Credit Counseling?

Millions of Americans are out to create ‘reform’ in the credit industry. For many of them, the changes being proposed are sound economic policy. In fact, over the last three years alone, the Consumer Financial Protection Bureau (CFPB) has issued 79 consumer consumer complaints regarding credit practices by the financial institutions, lending institutions, and other financial institutions. Of these 79 complaints filed with the CFPB, 90 percent resulted in settlements. Yet these same institutions continue to violate their own Promises to Credit Institutions Act (the consumer reporting requirements) and their own Fair Consumer Credit Offers that are designed to protect consumers.

Even though the Fair Credit Reporting Act requires that the CFPB evaluate each of the nation’s 3.5 million consumer reporting companies, none of the three (Equifax, Experian, and TransUnion) has made any official announcement about the future of these companies. However, the Washington, D.C.-based consumer reporting company–which also serves as the nation’s largest consumer reporting company–is taking steps to dispute complaints made by consumers.

Through the National Consumer Law Center, which works to advance consumer rights and ensure fair consumer law, 350.org, we are working with the three national consumer reporting companies to address the practices currently prevalent in the credit industry:

* Attorneys for Equifax
* People serving as counsel for Equifax.
* Equifax’s attorney, Peter Rentsch
* the attorney for TransUnion.
* the national consumer reporting company.
* The Washington, D.C.-based consumer reporting law firm, National Consumer Law Center, which has helped lead an effort to require all reporting companies to give consumers a “free update” when their credit file is closed. These updates come as no surprise to many people accustomed to receiving updates every three to five months, unless you are one of those consumers.