Posted in Consumer Protection, Legislation

FEDS to rewrite SAME AS CASH offers.

Consumers will get the rug pulled out from under them as the feds rewrite the rules on “same as cash- no interest loans” slated to take effect July 2010. The Federal Reserve is expected to issue a clarification in April 2009.

If you were planning to use one of these programs to take advantage of deferred interest on big-ticket items where you can pay the total within a given period of – 6, 12, 24 months- for no interest , there is no time like the present to act as retailers are expected to modify programs expiration terms so they expire before July 2010. For the full article click at USA Today click here: USA Today, Fed changes rules on retailers’ no-interest offers.

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Author:

Laurie Burke, connected to the design and construction industry since 1996. A seasoned residential kitchen and bath design specialist , Laurie has designed thousands of kitchens & baths as well as other cabinetry projects requiring technical precision in design drafting utilizing state of the art 2020 software for creating accurate plans and elevations. Through on- going product knowledge training and a desire to always stay current with an evolving marketplace, Laurie Burke maintains a strong command of knowing the appropriate Fit & Finish materials required for a residential remodel to meet the budget, the timeline of a project and a client's need for a finished product that meets their satisfaction. Kitchen Designer by trade, foodie, techie, weekend traveler for fun. For more information contact me at burkeKBdesign@gmail.com http://laurieburke.houzz.com

2 thoughts on “FEDS to rewrite SAME AS CASH offers.

  1. Yes, they are really only worth while if you have the money to pay it off in full at the end of the term. PS., I love your web site and blog. When in town, I’ll have to stop in for a tart. Scrumptious! Thanks. Laurie

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