As economy shrinks, credit card debt ...

As economy shrinks, credit card debt grows

There are 24 comments on the KOB.com Eyewitness News 4 - New Mexico story from May 13, 2009, titled As economy shrinks, credit card debt grows. In it, KOB.com Eyewitness News 4 - New Mexico reports that:

Like other parts of the country, local consumer credit advisors are reporting that more New Mexicans are finding themselves carrying more credit card debt.

Join the discussion below, or Read more at KOB.com Eyewitness News 4 - New Mexico.

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NWO

Corrales, NM

#21 May 13, 2009
Any decent person with any common sense doesn't use credit cards. They are talking about the minority of society and the less educated who use them.
wheres the sense

United States

#22 May 13, 2009
Inevitable. Then when the gov't. gets control of the credit-cards...we'll have the IRS THUGS as enforcers. They will reign terror, confiscate private property. We are screwed.

“You Think You Know...”

Since: May 09

Farmington, New Mexico

#23 May 13, 2009
Timetogo wrote:
<quoted text>
I agree that things are going to get worse. Think about it - HE now controls (or will shortly) banks, auto manufacturers, banks, and soon, coming to a store near you - credit card companies! This is scary people! Obama and his cronies are taking over everything! You watch and see. They will be creeping into every aspect of your lives - you will be able to do nothing without "them" knowing about it. The time is coming.
Well this got interesting. But I don't mind putting in my two cents, as long as you don't tax them. I don't see a problem with the Government taking control of such companies. If banks are giving out bad loans to people who can't pay them in hopes to get money and jacking up interest rates...sorry bud take it over. If car companies are going out of business asking THE GOVERNMENT for money and "bail outs", also continuously making SUV that no one will buy because of gas prices...sorry take it over, due to the government kept them afloat for the time being anyway. If credit card companies/banks are raising interest rates, adding on yearly/monthly fees for no justifiable reason...sorry. I have no problem with a company being reasonable and doing the right thing, but if you are doing bad business with people who should get (banks/mortgage companies) or asking the government for hand outs and still making bad cars no one buys and paying out employees who don't need it,(car companies). Take them over. Recent polls state people want more government in their lives. I say why not, were being taxed, why not make them work for our dollars. This will also have another eye on such companies that want to screw the little guy over. I don't have a problem with it, and it gives other companies an idea what will happy if they screw up or start pissing people off.
Demetria

London, UK

#26 Mar 26, 2014
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