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Old 07-24-2008, 02:01 AM
 
Location: Tennessee
28,699 posts, read 48,820,089 times
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NEW YORK (CNNMoney.com) -- Ever find yourself going off on the customer service representative after a particularly steep credit card fee or unexpected rate increase? Well now is your chance to tell those who could ultimately change credit card laws in the United States.

Consumers weigh in on credit card legislation - Jul. 21, 2008
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Old 07-24-2008, 11:36 AM
 
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I think the laws are a good step.

The doom and gloom predictions from the credit card companies that everyone will pay higher interest rates and that there will be more restrictions on who can get credit cards don't worry me all that much. It might help people to understand how dumb it is to buy consumer goods on credit and to carry a balance.
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Old 07-24-2008, 01:19 PM
 
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Personally, I don't think owning "credit cards" is a right... If there is less credit cards for the more irresponsible people then so be it... I just "hope" the government doesn't bail out irresponsible credit card holders for the benefit of the "economy" and such that people have been advocating for bailing out the irresponsible homeowners...
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Old 07-24-2008, 09:13 PM
 
48,509 posts, read 86,231,222 times
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I thnik you will find in the coming years credit card compamies not giving as much credit to high risk individuals especailly with theise in trouble with the housing crisis. All credit is going to be much harder for those in debt to get.
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Old 07-25-2008, 08:34 AM
 
3,698 posts, read 10,397,896 times
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Quote:
Originally Posted by texdav View Post
I thnik you will find in the coming years credit card compamies not giving as much credit to high risk individuals especailly with theise in trouble with the housing crisis. All credit is going to be much harder for those in debt to get.
Good.

Maybe people will finally learn that it's a lot smarter to spend money that you've already earned.
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