Credit cards for bad credit topics
After February 2010, you will not be able to go over your credit limit unless you have given permission for the credit card company to let you do so, cutting back on the number of nasty surprises in your monthly statements. * People under the age of 21 will no longer be able to get credit cards without a cosigner unless they can prove that they have sufficient income to repay their debts. Companies will not be allowed to market credit cards to them via mail unless they have opted to receive card offers, and credit card companies that advertise on campus will not be allowed to offer gimmes to tempt students to sign up for new credit cards. There are even more changes coming, both large and small. But before the official changes go into effect, you'll see unofficial changes as well: Credit card companies are hurrying to change the terms of your credit cards before the new law makes it difficult for them to make the changes.