Look for the banks to exercise universal default and "we can raise your interest rates due to market conditions" clauses more frequently.
It's a great time to switch to your local credit union.
Credit card company interest rates need to be controlled. Hell....everything else is.
“May be....
May have...
increased slightly in July, to 4.64 percent from 4.62 percent in June
The portion of outstanding balances paid in July slipped to 18.3 percent from 18.4 percent a month earlier.”
Was this the last one on the bottom of the barrel for the day?
Pure BS
BigMack
A 0.02% increase?
BFD.
When is the government going to learn to live within it’s means? And when are the American people going to learn to save their money for what they want to buy instead of using expensive plastic? It is way past time to shrink government at every level and reduce it’s unconstitutional intrusiveness, and it is also high time for the American people to begin to use their brains in handling their finances.
One man running for president agrees with me. He wants to cancel redundant and obsolete government departments, and relegate control of the public schools back to the local level. He also stands firmly for vouchers.
He knows what government is supposed to do - protect the country from the enemy, foreign and domestic. He wants to bring back well paying jobs to our shores to ensure a healthy middle class. He wants peace through strength, and has been working to attain that for 26 years now.
This man does not belong to any special interest group. He does not belong to the Establishment. This man will be president of ALL the people, for he serves not his party, but serves his country.
Yes, if we elect presidential Rep. Duncan Hunter as our Republican nominee in the primaries, he will, with our help, and with a cleaning of the House of Representatives, put America back on the RIGHT track.
No other candidate can win without the support of the party’s conservative base. And Duncan Hunter is the only proven conservative on the scene, or behind it, who has vision and the credentials to stand at the helm.
There is still time for you to come to the aid of your country. Vote for Duncan Hunter in the primaries for America’s sake!
Imagine that. No surprise there ... Credit card companies have been extending credit to risky customers for quite a while now.
Don’t have any credit cards. If I don’t have the cash, I don’t buy it.
Bought a car two years ago and paid it off in nine months.
Given the choice between paying the minimum on a maxed out credit card and the mortgage, the majority of folks will buy another month on the mortgage.
The long term effect will be unpleasant.
There’s virtually no change — measured in hundredths of a percent, and this is a story?
I have noticed alot of illegals using their credit cards to buy beer and groceries. I have a feeling many of these cards are not going to be repaid.
Export all jobs, import all goods, print more money! It’s a winning solution!
Make money off the credit vultures. Get a “cash back” card, and make sure you pay it off every month. They’re betting that you won’t. And if they nail you with a late charge, call them up and bitch about it. If they won’t waiver it, drop the card and find another one. Works for me.
I’m sure this won’t hurt the US economy in any way. /sarcasm