Wow , I,m getting hammered. I don’t think its socialism to reign in unfair rates. There are people that are getting nailed with 25% interest and up.What if your car loan was allowed to do that? BTW I have one credit card, through a credit union, fair rate, no problems. Socialism is taking from one group and giving it to another, theft if you will.
Credit card companies are allowed to get away with loan sharking. In a perfect world , yeah go to another credit card or pay off monthly, but the next credit company just does the same. Just a thought, don’t take it personal.
my Dad always told me: let the buyer beware.
the durn things are a bad idea for 80% of the population. for the other 20% , they are a convenience, ala American Express.
Many of the folks in this country have never known bad times, never known what a bear market was. They only knew that you invested, and you won, you made money, gobs of it. No gamble there. It was a sure thing, right ?
That will now change and should commence directly. The lessons learned will be life changing.
and there will be a whole heck of a lot of folks with very bad credit.
Wow you sure are..not everybody who has a credit card is out of control...there are times when life happens...What has happened to FRP? Serious discussion used to be the norm with consideration given...now it seems jumping on the nasty bandwagon is the theme.
I agree these should be capped...You do realize some folks just had their life savings wiped out...As I said life happens and these days it is going to get tougher. Just my 2 cents...flame away.