[Buckeye McFrog]

I humbly disagree.

Your car note is typically a fixed rate with fixed terms.
Under current law a credit card issuing bank can screw with you sixteen ways from Sunday, changing your rate, terms, and credit limits on basically a whim.

And if that keeps up I fear we are going to be electing a whole lot more Fake White Indians in the future. Given a choice I’d definitely want to get out from under the credit cards first.

[cuban leaf]

Under current law a credit card issuing bank can screw with you sixteen ways from Sunday, changing your rate, terms, and credit limits on basically a whim.

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I discovered this first hand. I had a credit card that I religiously paid off every month and, one day, they upped my rate and lowered my maximum balance to around $1,000. That is when I discovered that, since a card is open ended, it’s terms depend on your credit score. Something bad had happened to my score, so there you go. Interestingly, once I fixed the problem, they droped my rate and increased my maximum several times. It got almost comical. It’s now a fairly hefty five figure number. Heck, I could buy a house around here with my Amex card. That’s just silly.

Maybe they are the angler and I am the Bass. They’re wiggling that hook just hoping I’ll stike. ;-)