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Tag Archives: creditcard

Should Credit Card Rates Be Capped?

Friday, April 10, 2009

Read this…
-A CRL survey published today finds high levels of support for an annual interest rate cap on consumer loans of no higher than 36 percent..
Do you agree?
The entire story is here:
http://www.foxbusiness.com/story/public-favors–cap-consumer-loans-survey-finds/

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Have Consumers Been Living Beyond Their Means?

Saturday, January 3, 2009

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 [...]

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Are The Days of Easy Credit Over?

Sunday, November 23, 2008

From Oregon….
U.S. consumers will find it much harder to get a credit card, and to carry large balances. Late fees will rise and lines of credit will be reined in.
http://www.mailtribune.com/apps/pbcs.dll/article?AID=/20081102/BIZ/811020301
…the average amount of credit card debt discharged in Chapter 7 bankruptcy filings has tripled — to $61,000 per person — from what it was before [...]

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