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Small business credit cards won't benefit from new credit card bill
The Credit Cardholders Bill of Rights that passed in the House last Thursday will eventually help millions of consumer credit cardholders by eliminating double-cycle billing and restricting interest rate hikes. However, a last-minute amendment that included credit cards for companies with fewer than 500 employees didn't make it out of committee, which means small business credit cardholders won't see any relief under the new rules.
There is still a chance that small business credit cards could be included when the Senate takes up this matter. But unless that happens, small business cardholders will continue to be subjected to unfair practices by banks and credit card companies indefinitely. Read more
Retirement Savings Options--Which is Right for You
When it comes to saving for retirement, you have a lot of decisions to make. And you need to look at your choices carefully to decide which option, or combination of options, fits your retirement needs best.
Simplified Employee Pension (SEP) IRA
Anyone who earns self-employed income, either full or part time, can benefit from a SEP plan. Small business owners can make tax-deductible contributions to a SEP IRA for themselves and on behalf of eligible employees, making it an attractive benefit that can help acquire and retain employees. Read more
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| +APR = annual percentage rate. Rate shown is current as of 05/07/2009. Rates are subject to change at anytime. Refinances of FIGFCU auto loans do not qualify. Rates apply to autos only. No RVs, motorcycles, or other non-auto vehicles. Used auto values based on Kelley Blue Book Private Party, good ratings, or NADA average trade-in values. For qualified buyers only. APR, credit extended and approval based upon the applicant's credit history, payment history, and ability to repay the credit extended. Direct Deposit .25% discount does not apply. Not all applicants will qualify. Example 1) for a New Auto Loan for $10,000 financed for 60 months at 4.49% APR will have monthly payments of approx. $186.38. Example 2) For Used Auto Loan for $10,000 financed for 60 months at 4.99% APR will have monthly payments of approx. $188.67. Rate shown is FIGFCU's preferred fixed rate based on credit worthiness and a 60 month term. All rates and terms are subject to credit approval. Other rates and terms are available. This is a limited time offer and may be withdrawn at anytime. |
© 2009. Farmers Insurance Group Federal Credit Union. All Rights Reserved. |
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