Comments on: Will Credit Card Reform Help Ease the Economic Crisis? http://www.polemics.us/will-credit-card-reform-help-ease-the-economic-crisis/ Step Up and Take a Side Thu, 22 Apr 2010 15:05:13 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Obama Credit Plan http://www.polemics.us/will-credit-card-reform-help-ease-the-economic-crisis/comment-page-1/#comment-101 Obama Credit Plan Wed, 20 May 2009 19:34:20 +0000 http://www.polemics.us/?p=154#comment-101 One thing for sure - its going to shake up the world of lending for quite a long time! I predict credit card companies... aka banks... turn the lending industry on its ear and start charging consumers for EVERY LITTLE THING they can, since they will be losing 20 Billion a year in card fees for those who go 1 day late on their payments!! interesting! One thing for sure – its going to shake up the world of lending for quite a long time!

I predict credit card companies… aka banks… turn the lending industry on its ear and start charging consumers for EVERY LITTLE THING they can, since they will be losing 20 Billion a year in card fees for those who go 1 day late on their payments!!

interesting!

]]> By: Web HVAC http://www.polemics.us/will-credit-card-reform-help-ease-the-economic-crisis/comment-page-1/#comment-100 Web HVAC Thu, 30 Apr 2009 16:34:56 +0000 http://www.polemics.us/?p=154#comment-100 I think we have all been swindled by the credit card companies! Our business relies more on credit than we ever have, and now they have us by the balls! I think we have all been swindled by the credit card companies! Our business relies more on credit than we ever have, and now they have us by the balls!

]]> By: Start a Daycare http://www.polemics.us/will-credit-card-reform-help-ease-the-economic-crisis/comment-page-1/#comment-98 Start a Daycare Thu, 23 Apr 2009 21:14:35 +0000 http://www.polemics.us/?p=154#comment-98 I found your site and like it very much! We run our own inhome daycare center and literally run our business on credit cards every month. 3 months ago, we were told that one of our cards was having the credit limit reduced by more than half, which hurts us bigtime! We always pay on time and always more than the minimum payment. I think reform is good! I found your site and like it very much! We run our own inhome daycare center and literally run our business on credit cards every month.

3 months ago, we were told that one of our cards was having the credit limit reduced by more than half, which hurts us bigtime! We always pay on time and always more than the minimum payment.

I think reform is good!

]]> By: Race Cars http://www.polemics.us/will-credit-card-reform-help-ease-the-economic-crisis/comment-page-1/#comment-97 Race Cars Thu, 23 Apr 2009 20:59:51 +0000 http://www.polemics.us/?p=154#comment-97 Truly - The credit card companies are all up in our faces the minute we screw up, well, according to their terms. BUT its a serious catch 22!! IMHO if they go after the card companies for their predatory practices, it will only tighten credit more than it already is, and 6 months from now, the same administration will be asking them to free up their lending and let more people get credit cards to buy crap! We are in a flippin hole, a bad spiral, and the balloon has to pop sometime, why not now? Truly – The credit card companies are all up in our faces the minute we screw up, well, according to their terms. BUT its a serious catch 22!!

IMHO if they go after the card companies for their predatory practices, it will only tighten credit more than it already is, and 6 months from now, the same administration will be asking them to free up their lending and let more people get credit cards to buy crap!

We are in a flippin hole, a bad spiral, and the balloon has to pop sometime, why not now?

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