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Have Consumers Been Living Beyond Their Means?

This is a post dealing with the new rules being imposed on credit card companies:

Credit card companies are saying new regulations being imposed by the federal government will negatively affect availability to those with low incomes and poor credit scores.

http://www.pennlive.com/editorials/

After 2005’s BAPCPA, is this really going to happen?

Wasn’t BAPCPA supposed to protect abuse…This is confusing stuff!

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3 Comments

  1. Alex from Web Prosperity wrote:

    Leaving beyond the means is one of the biggest problems that many people face. But credit cards companies are at fault as well – they made it too simple to get new CC.

    Alex´s last blog post..Best Of WordPress Guide Spotter 2008

    Sunday, January 4, 2009 at 6:19 am | Permalink
  2. Consumers overspending? Maybe not at the moment but for the past several years consumers have spent themselves into tremendous debt with the help of the mortgage industry (easy home and home equity loans)and encouragement of the government! We have a big hole to dig ourselves out of. Let’s start digging!

    DG Insurance Careers´s last blog post..Insurance Exam Study Tips – Part 1

    Monday, January 5, 2009 at 8:58 am | Permalink
  3. caz from debit card loans wrote:

    Many people are living beyond their means but some governments are encouraging those that can least afford it to spend more.

    Monday, January 5, 2009 at 2:26 pm | Permalink

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