Bill Pay Online

Posted by Gregoria on January 28th, 2021

The creation of the Consumer Financial Protection Agency, with a mandate to oversee The Credit Card Accountability, Responsibility, and Disclosure Act has increased the banks' urgency to raise overall expenses as much as feasibly possible prior to the caps and restrictions that will accompany the bill's implementation next year. Those big increases are now in the process of going into effect at credit card companies across the spectrum. One of the increases which will hurt credit card holders the most is being implemented by Chase, which is increasing their minimum monthly payment requirement from 2% to 5%. That increase will force a consumer currently paying a minimum of 0 to come up with ,500 per month, regardless of promises made or any promotional rates that may have been used to get the balance transferred to Chase.

As of this writing, Chase is the only bank to announce such a huge increase in minimum payments but, now that the ice is broken, expect others to follow suit. Chase has defended the increase saying that it affects less than one percent of their customers, but they still have until late February of next year to expand the requirement to a higher percentage of their customer base. Other estimates are that the increase will affect up to a million card holders. Chase, Bank of America and others have also raised balance transfer fees by 33% to 66%. Expect other increases on fees, interest rates, and penalties ahead of the caps that go into effect in February.

The bad news for consumers is that if you hold credit cards, these increases are coming your way, only varying by degree. The good news is that there are actions you can take now to either avoid the increased expenses or minimize the damage as much as possible.

* Read everything that comes from your credit card issuer – It's easy to throw away all the boring small print materials that constantly end up in your mailbox. Break that habit now because that small print could be notifying you of impending cost or payment increases on your account. It's much easier to fight those increases before they actually show up on your bill. If the issuer doesn't bend, it's time to start looking elsewhere.

* Start shopping for deals now, not later - Despite the generally rising tide of expenses at credit card issuers there will probably be those that allow free or low cost balance transfers, introductory rates, etc. to lure new customers. Again, read the fine print to make sure you know what the fees are, when introductory rates expire, and any other terms that may affect the costs of maintaining the account. With skyrocketing minimum payments and interest rates, a promotional deal offered by a company trying to accumulate accounts could save you thousands of dollars per month.

* If you are struggling, consider debt negotiation – If you are stretching to make your payments now, chances credit card are things aren't going to get any easier. With a high credit score you may be able to transfer your balance to a new issuer, but large balances combined with a low credit score aren't going to transfer anywhere and are likely to become unworkable as many of the upcoming increases will be https://www.washingtonpost.com/newssearch/?query=bill pay pointed at troubled card holders. In that situation, a debt negotiation could be your best bet. You benefit immediate is an approximate 50% decrease in the monthly payment on all the accounts included in the negotiation. In addition to credit cards, the accounts which can be included in a negotiation are medical bills in collections, department store cards, signature loans, overdue rent, unpaid utility bills, unsecured lines of credit, and revolving charge accounts. Negotiated accounts can normally be paid off in full within forty eight months.

Consumers are being faced with new challenges every day and the next round coming from the credit card companies will be big one, especially for those carrying large monthly balances. If you are struggling, waiting for a solution to appear is not the right approach. Congress has pretty much done what they intended but left consumers exposed for another seven months. Those that take a proactive stance and pursue solutions ahead of the arrival of fee and rate increases will be able to save thousands of dollars, perhaps monthly, while others continue to struggle with payments growing beyond their reach. As treacherous as things are in the current economy, the steps you can take now with your credit cards and other consumer debts are relatively simple and can make a huge difference in your quality of life; something a MasterCard commercial might call "Priceless".

I recently sold my Toyota truck. I knew that selling a vehicle can be a hard task, but I really found out firsthand how hard it can be.

I live in California where there are DMV Smog Emission Laws. I knew that in order to sell my Truck I needed all the DMV fees to be current, all the proper paper work would need to be filled out and the vehicle would need to pass a Smog Emissions test.

My first step was to go down to the DMV and pay my fees so that the Truck would be street legal and the registration current. So I went down to the Department of Motor Vehicles and paid the vehicle fees. While paying the Vehicle fees I asked the DMV clerk what paper work I would need to sell my Truck. She let me know that I would need the Pink Slip and a Bill of Sale. I told her that I had the Pink Slip, but I would need a Bill of Sale. The DMV Clerk kindly let me know that they were out of the Bill of Sale Forms and that I could try back next week. This was very frustrating since my Truck recently passed the emissions test and all vehicle fees were paid. Now the only thing left was the Bill of Sale Form.

Since the DMV was out of the Vehicle Bill of Sale Form, I turned to searching online. After a couple hours I found this website. I was extremely happy to find this website. This site has every DMV Bill of Sale Form for all 50 States. I was able to download the correct Bill of Sale Form for free.

My Truck sold the next day and the DMV accepted the all the Paper work. This website, is an amazing resource and the Bill of Sale Forms are accepted by the DMV. If it wasn't for this website, I might not have been able to sell my Truck!