How many of you have opened your credit card bills to some nasty surprises in the last year; surprise interest rate increases and nasty lower credit limits – even for those who pay on time?

Last week, President Obama signed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CCARD) also known as the Credit Cardholder’s Bill of Rights that’s been called “sweeping legislation that reforms the credit card industry” and a homerun for consumers. Is it? Let’s see…

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Question: Cindy, I have over the past few years been rolling over funds from one 0% credit card to the next. I now have one for $8K expiring in a few months and have not seen any offers come in for low interest rate credit cards. What do you recommend? My credit score is very good, around 750 last time I checked and I am not in a position to pay it off. BTW, …

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The other day I got a call from “Mastercard and Visa” offering to lower my interest rates. “Yippee,” I thought.
But, I was immediately on guard because I know that Mastercard and Visa are separate companies and I didn’t think they’d be working together. Not that I know this for sure, but that’s what came up for me.
The guy told me that a lot of people are cancelling their credit cards …

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Question: I am contemplating using a convenience check from my credit card company instead of taking out a personal loan from my credit union. The convenience checks carry a 3.99% interest rate for the life of the loan. However, a personal loan from my credit union would carry a 10.25% interest rate for the life of the loan which can be no longer than 5 years.
I am thinking about …

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Question: My fiancee has a lot of debt. I’ve already helped her get out of some of it, but I’m not sure if this is a good situation to be married to. What should I do? ~ Sheldon
Answer: Hi Sheldon, you’re right to be concerned! I’m sure many of our readers can give you some good advice. (Readers can comment below).
My advice is for you to be very concerned. I have lots …