Credit card reform may be shocking for some

Full story: The Reporter

Your next credit card statement is going to contain an ugly truth: how much that card really costs to use.
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1 - 8 of 8 Comments Last updated Mar 27, 2014
Mike

San Francisco, CA

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#1
Feb 22, 2010
 
We the taxpayers of the USA bailed out the banks with billions of dollars. And this is how we are repaid.

Phooey!

Our best (and perhaps only) revenge would be to get out of credit card debt as soon as we can. Pay the balance off and put the card(s) in a safe deposit box to used in an emergency only.

And if you have your savings and other deposits in a large national bank, consider moving your assets to a local bank or credit union.

Sick and tired of being kicked in the butt by large banks and not going to take it any more!

Since: Aug 10

Delhi, India

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#4
Aug 20, 2010
 
credit card reform might be shocking for some when you have to pay much amount of money at once,but it Provides sensible due dates and time to pay,Restricts all interest rate increases during the first year,Requires enhanced disclosures,Restricts interest rate increases on existing balances.

Since: Apr 08

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#5
Aug 20, 2010
 
Phoeey! Cut up your cards and pray to Obama! Save us!
John

Castro Valley, CA

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#6
Aug 20, 2010
 
Is it really reform when the law itself was written largely by lobbyists from the banking industry?

Since: Jul 10

Delhi, India

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#7
Aug 30, 2010
 
It may be that you’re fed up with their sudden rate hikes, higher fees and penalties, and other outrageous tricks.it Provides sensible due dates and time to pay,Restricts all interest rate increases during the first year,Requires enhanced disclosures,Restricts interest rate increases on existing balances.

Since: Aug 11

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#8
Oct 10, 2011
 
I think that it is still best the we get out of our own indebtedness and be frugal in the way we spend money in order not to incur more credits. I am not saying the credit is bad, but it should be well managed and controlled. Otherwise, we will be part of this country's total financial problem.
Elaine

London, UK

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#10
Mar 26, 2014
 

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Tom Curtiss

Castro Valley, CA

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#11
Mar 27, 2014
 

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Elaine wrote:
This is the first time I had ever applied for a loan. I couldn't have asked for anything more from the staff that answered any of my questions to the application process. Once this had all been completed the money was transferred quickly into my account. I will definitely be recommending 911PDAY .COM ( http://goo.gl/44kQUQ ) too my friends and family.
Caution! Elaine is trying to SPAM us with an unauthorized hot link.

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