Page 8 - Lynette Cox News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Get you some answers. back with us now, john and lynette. okay. let's get right to it. the first question is this, my credit card retroactively hiked my rate pryor to the card act going into effect. is there anything i can do about it? john? >> yeah, there's something you can do about it, take your business elsewhere. it's unlikely -- this is one of the reason there is a card act. you can't do that now with the card act. you have two options. open up a new card, transfer your balance and stop using the other card or accelerate your payment and pay it off and then either leave the card dormant ...

The law is that credit card issuers can still cut your limits at any time for any reason, which speaks of the issue that some people might, in fact, go over the limit and they can also close out your accounts, pretty much. >> the world is going to change. that's the one thing that's clear that we know. john, lynette, don't go anywhere. you've sent in such good questions about the card act. we're going to get you answers, we're going to get you answers, next.

in pennsylvania, a suburb of philadelphia. a piece of trivia, guys. same high school as kobe bryant. >> really? >> all right. died at the age of 85. we'll have much more on this at 10:00 a.m. but "your bottom line" and gerri willis starpts now. good morning. i'm gerri willis. and this is "your bottom line." coming up, new credit card rules take effect in just two days. are you ready for the changes? we'll tell you everything you need to know. plus, the dos and don'ts of remodeli remodeling. a look at projects that really pay and those that are simply a waste of your money. an...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.