Credit Card Companies to Raise Minimum Payment Requirements


LOS ANGELES, CA – Jan. 30 (SEND2PRESS NEWSWIRE) — Knockout Debt announced today that it is offering Free Debt Consultations to consumers who may be adversely affected by the increased minimum payment requirements created by the updated guidelines recently released by federal banking regulators. Consumers may soon see significant increases in the required minimum payments on their credit card statements due to the new guidelines. Although the increases may cause a temporary crunch for heavily indebted consumers, financial experts believe that the increased minimums are a sound long term policy.