Reaction: Clamping down on credit card companies

[derberg19486]

If every American began paying cash Banks and companies would charge fees for cash. America is adicted to abuse by rich powerful companies, it's like they all dream of one day being the rich one opressing the poor and so on and on it goes.

[MeX2004]

Liar, you said credit card companies are not looking to take advantage of anybody.- This is nothing but a lie.

My little $150 total line of credit was turned into a huge $2,000 debt within 6 months by the prominent credit card company by adding, late fees, penalties, interest on top of everything and God knows what else.

Is this not talking advantage of people? Try rip-off or robbery!

[Axl207]

all bears shit in the woods right on

[77sporty]

credit cards are like a bloodsucker in your pocket. the more u pay the more credit they give you. you get offers from every bank every day in the mail. they throw the friggin money at u. when u get near your limit BINGO they know you can't pay it off so UP go's the intrest. i hope all the banks go broke which they might.

[getplaning]

Credit card companies spent 10 years and more than $100 million of their hard earned money to explain to congress why a reform of the bankruptcy law was needed. Their efforts were successful and today we are blessed with a law that will help the poor among us become more financially responsible.

You think the banks didn't see this coming? They may be parasites bent on sucking the lifeblood out of society, but they have the smartest people money can buy looking way ahead for them.

[oilhammer04]

The borrower is slave of the lender, so don't get enslaved to these folks. If you are a wise user, you don't have to pay interest. If I have a problem with card companies, I call them and tell them that I will stop using the card and that takes care of the problem. They want to keep good customers, so they will work with them. If they won't, then drop them and go to cash.

[77sporty]

throw your credit cards away. pay with cash don't get in the trap.

[nightsmoke3337]

hard to do when theres bills to pay

[77sporty]

you can't pay you bills with credit. your bills only get higher till you can't pay at all. i cut my cards up 8 months ago and the banks can kiss my ass. i got tired of working for them.

[CircusMaximus09]

Save your money and quit spending on crap you don't need.Wanting is NOT needing!

[ubermensche26]

Does a bear shit in the woods? Of course they're exploiting customers! Are we in kindergarten to ask such an inane question? And they pay for-profit politicians to let them get away with it.