Credit card debt changes may be made because of the worst customers

Many consumers may not be too happy with the way lenders are handling credit card debt, especially through increasing interest rates and fees on consumers.

However, a recent letter featured on financial expert Liz Pulliam-Weston's Web site noted that many card policies are put forward because of the worst customers. The letter was written by a representative from a card company, who also noted that customers who are good with their accounts - including paying their bills on time -- may be able to get new fees waived.

Other reports, however, have noted that card companies are increasing fees and interest rates in anticipation of the federal Credit Card Accountability, Responsibility and Disclosure Act. The act will stop lenders from arbitrarily raising interest rates while also putting additional limitations on young people's ability to get credit cards.

Pulliam-Weston noted that some of the requirements from the Credit CARD Act will require lenders to send credit card debt bills 21 days before their due date, rather than 14 days.

"These rules should make it easier for responsible users to avoid late fees," Pulliam Weston wrote.