DULUTH, Ga. (2/18/10)--While the new Credit Card Accountability, Responsibility and Disclosure Act of 2009 going into effect Monday will bring some changes to the credit card landscape, consumers still need to be fiscally responsible and look for the best card deals, said a Georgia credit union official. “Unfortunately there’s no magic formula to make bad debt go away or keep people from overspending,” Mike Mercer, president/CEO of Georgia Credit Union Affiliates, said in the Savannah Morning News Wednesday. “My advice today is the same as it would always be: make payments on time, pay more than the minimum, and shop around for the best rates,” he added. “There’s really no way around it,” said Mercer. “We just have to live within our means, and we can’t be reckless with credit.” Credit unions historically have lower interest rates because as nonprofits they have no incentive to make large profits, he added. To read the article, use the link.