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01 July 2006 |
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New law, new concernsBy Andie Gibson Do you always have a balance on your credit cards? Do you only pay the minimum payment? Then this notice is for you! A new federal regulation will take effect Jan. 1, 2007, that requires credit card companies to demand a minimum payment equal to 4 percent of the current balance. That means if you have a balance of $5,000 you could be looking at a payment of $200 instead of the $80-90 you’re currently paying. Can your monthly budget hand double your credit card payment? Now is the time to get your debt under control. First Financial Services, Inc. can provide a free financial checkup and guide you to the best solution to the higher payments. For more information, contact First Financial Services, a full-service mortgage company and has been serving SML and surrounding counties since 1995. 540.721.0010
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Last Updated ( 10 May 2007 )
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