http://www.creditcardassist.com/blog/card-legislation-goes-into-effect-february-22-2010/ Mon, 06 Feb 2012 15:03:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.creditcardassist.com/blog/card-legislation-goes-into-effect-february-22-2010/#comment-113633 EricTN Sat, 13 Feb 2010 15:59:31 +0000 http://www.creditcardassist.com/blog/?p=1166#comment-113633 Re: "Highest interest balances paid first", your web site is stating "Amounts over the monthly minimum will now be applied to lower-interest balances so that the higher balances can be paid off first." This is completely WRONG, thank heavens. The correct description is: "When consumers have accounts that carry different interest rates for different types of purchases (i.e., cash advances, regular purchases, balance transfers or ATM withdrawals), payments in excess of the minimum amount due must go to balances with higher interest rates first." Re: "Highest interest balances paid first", your web site is stating "Amounts over the monthly minimum will now be applied to lower-interest balances so that the higher balances can be paid off first." This is completely WRONG, thank heavens. The correct description is: "When consumers have accounts that carry different interest rates for different types of purchases (i.e., cash advances, regular purchases, balance transfers or ATM withdrawals), payments in excess of the minimum amount due must go to balances with higher interest rates first."

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