Released: September 30, 2009
Want a credit card? Prove you can pay the bill
Source: Connie Prater, CreditCards.com
Applying for a new credit after February 2010? Be prepared to lay your financial records on the table for credit card issuers.
In more than 800 pages, proposed rules issued Tuesday by the Federal Reserve Board outline what credit card issuers can consider when deciding to grant new credit cards to customers or increase credit limits on existing accounts.
Read Full Article: Want a credit card? Prove you can pay the bill
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