Credit CARD Act Effective 02.20.2010
Consumers now have certain credit card protections because of the Credit CARD Act.
These protections do not apply to business credit cards.
Thus, while interest rates can't be hiked for existing balances on consumer cards, they can be raised for existing balances on business cards.
If you become delinquent on your business card, this can be reported to the consumer credit agencies and will impact your personal credit history and FICO score.
Posted via email from LMALLC By SocialNetGate
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