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It is interesting that this follows closely behind the new bankruptcy law, which was a windfall for the credit card companies.
I pay off my cards each month (business and personal) so it doesn't effect me. It could be terribly difficult for those that have maxed out their cards and are just getting by. I think Ustwo raised a valid point in suggesting a grandfather clause. It might have been more equitable to have applied the new minimum payment schedule to new cards.
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