Free Republic

Yep, that info is false. My payments didn't double. The notice I got just said the new payments would be:

1% of balance
plus new interest owed
plus any late charges or fees

Pretty cool actually. For those that only pay the minimums, their balance will actually decrease. Though paying just the minimum is begging for trouble.

I can see how this would hurt people with high rates, but for low rate cards I haven't noticed a difference worth mentioning.

Huh?

I can remember Bank of America having a table setup on campus when I went for college registration. They made it sound oh so glorious to have a credit card.

How did this make the news? I wonder if there is a home owner's assoc. making a fuss??

But where does one go to find out who the good guys are? What CC companies are NOT bending over their customers these days?

Too hard to sort through all the ads on the net... Everyone's an affiliate these days.

I didn't notice the financial advice part Wolfhound... but I wouldn't mind gettin' a few spifs just for having good credit. I just hope it's not like those pass books they sell at my credit union where you pay $50 for a book of coupons that you only end up using $20 dollars worth.

I get a lot of them too. It may seem childish, but I take the application, rip it up and put it in the postage paid envelope and send it back. Occasionally I will stick a few paper clips in as well - but only when I am having a really bad day.

And I thought I had it bad when I was 20k in debt. Goes to show there is always someone worse of than you. My thought is - if you owe 80 g's to credit card companies, you had problems long before the government stepped in.