))
Late Fee Lifeline: The Rule Change That's Saving Credit Card Users a Bundle
Manage episode 412671266 series 3424497
Nội dung được cung cấp bởi Lee Enterprises. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Lee Enterprises hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.
Credit card late fees can be the bane of any budget, but a new rule from the Consumer Financial Protection Bureau might just be the relief many users need.
In this episode of PennyWise, host Nat Cardona delves into the details with NerdWallet's credit card expert Sara Rathner. They break down the significant drop from $32 to $8 in maximum late fees and what this means for your wallet.
Discover the implications for your financial health, the rationale behind this substantial reduction, and the anticipated timeline for its implementation. Plus, get expert tips on how to avoid late payments altogether and protect your credit score.
"Don't ruin the hard work that you've put in to raising your credit score over a long period of time in a flash, just by missing a payment. Really focus on ways you can meet those deadlines."
Episode References
Consumer Financial Protection Bureau | https://www.consumerfinance.gov/
Nerdwallet | https://www.nerdwallet.com/
Card Act of 2009 | https://www.congress.gov/bill/111th-congress/house-bill/627
Federal Reserve | https://www.federalreserve.gov/
Episode summary created by https://headliner.app
65 tập
Chia sẻ
