Saturday, July 23, 2005

New federal rules to increase smallest credit card payment

Right now here are the two extremes:
Minimum payment: About 11 percent of U.S. credit card holders make minimum payments.

Maximum payment: Nearly 40 percent of consumers pay off their balances in full every month.
Do you think Fannie Mae would ever would for something like a minimum downpayment in the mortgage market?ChicagoTribune