Schumer Box by Michaela Gathings https://padlet.com/gathingsamber/1tos3zga8ehh Michaela Gathings en-us 2016-11-14 12:27:02 UTC 2024-05-18 06:49:33 UTC hello@padlet.com Charles Schumer gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137332095 2016-11-14 12:33:23 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137332095 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137333935 2016-11-14 12:40:43 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137333935 1 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137334390 The Schumer Box is named after a man named Charles Schumer, who is now the United States senator.]]> 2016-11-14 12:42:28 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137334390 2 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137334846 The Schumer box includes:

  • Annual fees
  • APR
  • Other APRs (balance transfer, cash advances, default APRs)
  • The Grace Period
  •  Transaction fees (balance transfers, late payments, exceeding credit limit fee, cash advances)
]]> 2016-11-14 12:44:31 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137334846 4 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137335696 Consumers value this, because it tells them all they need to know and helps decide which credit company is the best for them.]]> 2016-11-14 12:48:31 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137335696 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137336653 2016-11-14 12:51:30 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137336653 3 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137336855 The Schumer Box also includes it's method of computing your balance. ]]> 2016-11-14 12:52:16 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137336855 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137337304 2016-11-14 12:54:07 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137337304 5 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137337463 The Schumer box is also known as the summary box, clarity box, consumer box and honesty box.]]> 2016-11-14 12:54:46 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137337463 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137338169 2016-11-14 12:57:30 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137338169 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137338544 2016-11-14 12:58:56 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137338544 6 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137339206 Credit companies are required to do so under the Federal Truth in Lending Act (TILA).]]> 2016-11-14 13:01:24 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137339206 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137341149 2016-11-14 13:08:54 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137341149 (°ロ°)☝ gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137341414 The main reason the Schumer Box was created was to simplify credit card terms and help consumers easily understand and compare rates and fees associated with credit card offers across the board.]]> 2016-11-14 13:09:54 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137341414 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137344274 2016-11-14 13:19:14 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137344274 gathingsamber https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137345175 2016-11-14 13:21:55 UTC https://padlet.com/gathingsamber/1tos3zga8ehh/wish/137345175