Many of us have noticed some changes with our credit cards lately. In an effort to protect consumers, the credit card industry has been forced to make some changes. We saw how credit card cash advances and advance tax refunds brought money problems to many households. Fortunately, some of the changes coming with the CARD Act will help consumers avoid problems that can lead to serious and long term financial trouble. On the other hand, creditors are finding new and creative ways to remain profitable. Overdraft fees At one time or another, most of us have been unfortunate enough to have mismanaged our checking accounts and been charged an overdraft fee. The Credit CARD Act is severely limiting banks’ abilities to charge these fees. As of July 2010, consumers will have to opt in to be able to overdraft using their debit cards. Balance transfers…

April 19th, 2010
Money maker
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