that and the fact they can no longer bill on different days of the month preventing automatic payment on a given day and generating massive income in late fees...
Posted on 08/26/2011 7:11:11 PM PDT by Clintonfatigued
Let’s not forget - if that’s even possible - that late fees run twenty to thirty percent per month.
That is clearly usury in anyone’s book.
Americans are attempting to get their finances in order. Too bad Obama-Pelosi-Reid don’t want to do the same.
Now if we could only teach the politicians in D.C....
You beat me to it. It’s not out of a sense of duty or responsibility, it’s that no one wants to pay those exorbitant late fees and interest rates.
Once you learn to live without credit cards, life is so much better.
I guess the card companies are going to have to raise the penalty fees to make up the lost income.
Maybe they could hit the junior high schools now that they given cards to every college student in the country.
Usury is exactly what it is. The Congress has the power to fix the problem. The reason they haven’t is Biden’s state has a major piece of the credit card processing racket. Nothing can get past him.
Yep. If I can’t pay cash, I can’t afford it at all.
As a result, I live pretty much bill free aside from everyday expenses and taxes. The house is paid off and my old F150s run fine.
Good news.
How many people have lost their cards, and how many others, myself included, no longer have them?
Dave Ramsey is making a dent I’d say. Good show, good man.
Charge everything on Discover or AMEX, pay the balance off every month - earn 1% to 2% on your purchases. (Also negotiate with small retailers - offer to give them 95% of the price if you pay by cash.)
The grocery stores will accept any dollar amount of a transaction.
The grocery stores will accept any dollar amount of a transaction.
Because their mortgages aren’t being paid on time.
Usury is exactly what it is. The Congress has the power to fix the problem.
bump.
Plus, I would bet that with all the “You can negotiate a settlement on your $10,000 or more balance for pennies on the dollar” outfits going gangbusters, most of the big credit card abusers have already been purged and what’s left are people who either run a zero balance every month, or actually pay off their cards.
Gotta be a lot of people who gamed the system for big screen TVs, nice dinners and cruise ship vacations for pennies on the dollar.
No, not the Obamas. They get theirs for free.
that and the fact they can no longer bill on different days of the month preventing automatic payment on a given day and generating massive income in late fees...
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