Your Money: Credit Card Changes

The Senate voted overwhelmingly on Tuesday to rein in credit card rate increases and excessive fees. AP Personal Finance Editor Trevor Delaney explains. E-mail your questions to yourmoney@ap.org (May 19)

Category:

News & Politics

Tags:

• congress
• credit
• cards
• money
• card
• changes

[mockingarab]

Who has them anymore? Fuck CC's. If you can't afford something DON'T BUY IT.

[beauzackosta]

Obama got taken for the chump he is........

Now, thanks to B.O., the responsible CC users will be hit with higher interest rates and higher fees than before - while the losers who can't pay on time get a 'grace period' before their rates go up.

Now everyone is going to have to pay higher interest rates and fees - you f'ing dumbass idiot. Gee, let me guess - that wasn't your INTENTION, was it?

Govt only makes problems worse because most politicians nowadays are scumbag lawyers.

[ramonjet1973]

Know Obama

Know Peace and Prosperity

[beauzackosta]

take credit cards out of the issue - the whole point to my comment is that this is another of the many examples where the federal govt, in an attempt to 'help' people in need, create a situation that will make things worse in the long run. it is called the law of unintended consequences - and the govt is famous for creating it when they try to 'fix a problem'. govt is not and never will be the answer. govt only wants to be the answer because it gives them more power - and power corrupts.

[toosinbeymen]

This CC bill passed 95-5 because the Rs attached an amendment to allow carrying concealed weapons in national parks. Thanks Rs now who will want to go to our parks and worry about getting shot?

[therealcaptobvious]

Hey Obama, you're supposed to regulate the DERIVATIVE CREDIT MARKET. We already know how to stay out of trouble with credit cards.

Gensler, Geithner and Pickel aren't going to cut it on any oversight comittee. All that bailout money was given to criminals and we're going to do it again because you're working for shady thieves.

IMPEACH!!

[beauzackosta]

"are dumber"? you mean "is dumber", don't you - you smart little obama-ite.

I already live by that philosopy - however, if I choose to use my credit card responsibly - or, I have an unexpected emergency, I will now be charged a higher interest rate and higher fees.

Typical Obama approach - punish the responsible ones because of the irresponsible ones.

[SharkDude1]

The bottom line: The world seems to run on a persons "Credit Rating". Which sucks, because us NORMAL people (Who know how much money we can afford for something) like to pay CASH for our stuff. If you pay CASH, you have no Credit Rating, Which always makes me laugh. BUT!! IF you pay 10 bucks for that lamp you always wanted (ON SALE) useing a credit card, your intrest alone makes that lamp not ON SALE, and you end up paying MORE than even the orignal price! People are just STUPID!

[SharkDude1]

Raise your hands if your bank has ever done this: If you get our Credit Card, your checking account will be protected FREE from overdraft fees. The card is FREE and you will never have to worry about being overdraft and if you are overdraft in your checking, your overdraft will be put on your credit card, saving you from overdraft (checking) fees. I did this (out of fun) and told the TELLER I made 10k per month (I lied) Next month, a 10k card came to my house. And it has grown more!

[hotae333]

you can tell who runs america

[ANGLEBOOT]

Anyone that owns a Credit Card are dumber than Obama himself. if you don't have the money, you don't buy it. go back to the, "save your money then buy it".