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There is a .pdf file to download. Lots of interesting info. The abstract is below.
We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act. We use a panel data set covering 160 million credit card accounts and a difference-in-differences research design that compares changes in outcomes over time for consumer credit cards, which were subject to the regulations, to changes for small business credit cards, which the law did not cover. We estimate that regulatory limits on credit card fees reduced overall borrowing costs by an annualized 1.6% of average daily balances, with a decline of more than 5.3% for consumers with FICO scores below 660. We find no evidence of an offsetting increase in interest charges or a reduction in the volume of credit. Taken together, we estimate that the CARD Act saved consumers $11.9 billion per year. We also analyze a nudge that disclosed the interest savings from paying off balances in 36 months rather than making minimum payments. We detect a small increase in the share of accounts making the 36-month payment value but no evidence of a change in overall payments.
I got a Wal-Mart card in last month's spree so I tried to sign up for the free FICO and it says I have to unfreeze it. Does it have to stay unfrozen to work? I don't really feel like paying $10 to unfreeze/refreeze for them, but I would like to know how it works. Is this true with the other TU free FICO credit cards as well? I know you can bump TU but I want to control who can put HI's on my report.
I ran across the following article on myfico.com... seems to be very legitimate way of rebuilding one's credit score to 700+ post-bankruptcy. Please see:
If anyone has a successful plan that they have followed, kindly post. I am currently preparing paperwork to file my Chapter 7 Bankruptcy case; I plan to use this method post-discharge to rebuild my credit. If I posted this in the inappropriate place, I apologize. I am new and am still navigating this board.
I just ordered my free annual reports - by mail. I also wanted to get my FICO scores but I can't see any way to get JUST the scores. Experian has a phone number to get a "score" if I have already ordered my report, but I'm pretty sure that's a FAKO - and I can't find any links for just scores on any of the others.
Does anyone have any links or suggestions on how to get JUST my FICO scores from all 3 bureaus?