Credit card reform may be shocking fo...

Credit card reform may be shocking for some

There are 8 comments on the The Reporter story from Feb 22, 2010, titled Credit card reform may be shocking for some. In it, The Reporter reports that:

Your next credit card statement is going to contain an ugly truth: how much that card really costs to use.

Join the discussion below, or Read more at The Reporter.

Mike

Moraga, CA

#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

Chandigarh, India

#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.

Granny in the Crosswalk

Since: Apr 08

Location hidden

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

Brisbane, CA

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

Since: Jul 10

Noida, India

#7 Aug 30, 2010
It may be that youÂ’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

Location hidden

#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

#10 Mar 26, 2014
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.
Tom Curtiss

Walnut Creek, CA

#11 Mar 27, 2014
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.

Elaine, you need to read the TOPIX Terms of Service at...

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