recently passed credit card act

As it stands today after 6 months of defaulting on your credit cards you have no option but to endure the collection agencies and a 7 year hit on your credit report as opposed to a homeowner defaulting on second loans. Why did congress not add a recourse clause to the recently passed credit card act? What good is the credit card act if there is no recourse to recapture the abusive penalties? All debt today already collected and paid, charged off or still being paid should be recalculated going back 10 to 15 years using the new rules for a new outstanding balance. After crediting back to the consumer the years of bad abuses then set up a program for each individual to pay off the debt based on the monthly payment he/she can afford.

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I’m proud of our owner for taking a stand.”Nash had 19 points in the win while Amare Stoudemire scored 23 and pulled down 11 rebounds. The win gives the Suns a 2 0 lead in the best of seven playoff series. The two sides meet again on Friday.NBA Players Association executive director Billy Hunter spoke on the Suns stand: “The recent passage of the new immigration law in Arizona is disappointing and disturbing.

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