How Credit Card Companies Are Screwing You in Two Ways

by: admin Saturday, March 7th, 2009

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25 Responses to “How Credit Card Companies Are Screwing You in Two Ways”

chrisrei10 Said:

i really think …
i really think thats how alot of people end up in trouble…theyre not intending to get into extreme debt….they dont realize how one late payment can trigger unbelievable fees and then the card companies lower your limit so that youre already over the credit line…so you get hit with being late, and over the limit….some cards were charging me almost 70 a month in fees….and they all used that default clause as the reason…..im filing bankruptcy later this year….sorry about your dad…

Comment made on March 7th, 2009 at 5:44 pm
Vash1202 Said:

yeah but bad …
yeah but bad credits makes life incredibly hard for providing for the family and some people would rather keep working like slaves than deny their family the things it wants/needs…

Comment made on March 7th, 2009 at 5:44 pm
Vash1202 Said:

holyshit i feel for …
holyshit i feel for you man, my dad owed 1000 and it got jacked up to 10,000 really fast. He had a stroke and passed away but man oh man was my family like “wtf?”

Comment made on March 7th, 2009 at 5:44 pm
eirefrance Said:

Are you crazy!!!!!! …
Are you crazy!!!!!! That would be the dreaded socialism!!!!!! The worst thing in the whole universe!!!! Much, much more evil than torturing innocent people and raping American workers of their life’s earnings to buy another house in Vail!!!!

Comment made on March 7th, 2009 at 5:44 pm
oldhacks Said:

representative …
representative government is a scam

Comment made on March 7th, 2009 at 5:44 pm
jengacrock Said:

Finally someone …
Finally someone sees it like I do. those crooks who peddle credit cards with their fees upon fees upon fees upon fees, sky high interest ( which they are getting from the fed at 0 % interest ) and they got bailout money to boot! I told 3 of my credit card companies to go straight to …they already got paid by the bank bailouts. They want their cake and want to eat it and want you to pay for it, serve it, clean up, and wipe their . EM!

Comment made on March 7th, 2009 at 5:44 pm
inked7607 Said:

As long as …
As long as corporations and the govenoment are connected at the hip we the poeple are screwed.

Comment made on March 7th, 2009 at 5:44 pm
duhCider Said:

They give …
They give loan-sharking a bad name, man.

Comment made on March 7th, 2009 at 5:44 pm
Lavizzle Said:

I like how these …
I like how these douches gave havntthslightst thumbs down for making a point based on empirical evidence… go fundamentalist punditry!

Comment made on March 7th, 2009 at 5:44 pm
preludedriver226 Said:

fuck paying them, i …
paying them, i hate them. Thats more than a ing pawn shop. I ing hate those s.

Comment made on March 7th, 2009 at 5:44 pm
hcr321984 Said:

When you get up …
When you get up high enough…

Democrats = Republicans = The Banks/Defense industry.

Comment made on March 7th, 2009 at 5:44 pm
wingedlightning Said:

how wrong it is …
how wrong it is that universal health care is socialism…hell…nerve of the hypocrites…anytime someone even suggests infrastructure the word socialism is used like a phrase out of mccarthy’s communist witch hunt days.

Comment made on March 7th, 2009 at 5:44 pm
wingedlightning Said:

Now that were on …
Now that were on that subject what happened to all the $ that hallibutphawk ” extorted ” from hiring foreigns to do jobs in iraq that the military always took care like cooking.

If that $ was returned straight into infrastructure jobs would be plentiful again…including consumer spending.

Talk about b.s. now we have like 50 different ‘hallibutphawks in aig,gm,chrysler,etc. all with a hand stuckout…

It’s the same circle of peps that talked about….

Comment made on March 7th, 2009 at 5:44 pm
wingedlightning Said:

I have said it …
I have said it before and I am saying it again…perhaps the crash back in October ‘08, was not by chance…

maybe just maybe that’s why 787billion is being spent on ” uber rich ” as bailout now needs another

new classification in wiki under: Government Dem&Rep Madoff like scam for uber rich

So much for all that talk about the middle-class being saved. At this rate the only middle class will become reduced even sooner.

Now after voting twice for obama I actually wonder if Clinton..

Comment made on March 7th, 2009 at 5:44 pm
wingedlightning Said:

The same urgency …
The same urgency that yours truely uses in touting the 787billion uber rich bailout is why I one who voted for him have ever RIGHT to talk just in the matter spoken.

If 787billion was actually spent exclusively on infrastructure to the american businesses such as construction, energy, technology, etc.

Then there would not be any reason for another uber rich bailout as the economic situation would start to work its self out…replenishing jobs and consumer spending.

BUT….

Comment made on March 7th, 2009 at 5:44 pm
cg66079 Said:

“the american …
“the american people not the democratic FOOLS in government DON’T THNK THAT THE STIMULUS WILL WORK”

I am sorry, but the numbers disagree with you. The majority of people support this stimulus bill and believe that it will work. The numbers are well outside the standard of error for the study.

The evidence speaks for itself either accept it or prove yourself to be another dogmatic conservative that believes that science should not be trusted because it is intellectual elitism.

Comment made on March 7th, 2009 at 5:44 pm
j828224m Said:

all i have to say …
all i have to say is ur fat and gay fat boy

Comment made on March 7th, 2009 at 5:44 pm
DillonX Said:

Inasmuch as they’re …
Inasmuch as they’re jacking up their interest to around 25%, is it possible for us to charge them 25% on their loan from us, the taxpayers?

Comment made on March 7th, 2009 at 5:44 pm
chrisrei10 Said:

the universal …
the universal default clause is what pushed me to bankruptcy….i had owed about 7000 which ended up almost 30000 in a really short time….. i was late with one card and they ALL jacked me up to 22 percent or more…..

Comment made on March 7th, 2009 at 5:44 pm
danjfranke Said:

Wake up America — …
Wake up America — If this doesn’t infuriate you then you might as well complacently sign yourself and your children up for corporate slave labor camps - coming soon. This is scary and it es me off bigtime

Comment made on March 7th, 2009 at 5:44 pm
chewbaca1989 Said:

If the American …
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
-Thomas Jefferson

Federal Reserve is the problem that is D.C.

Comment made on March 7th, 2009 at 5:44 pm
chewbaca1989 Said:

I wasn’t avoiding …
I wasn’t avoiding the question, sorry, not my intention.
I’m a political atheist. I don’t believe in parties. But the Iraq war spending, spurred on by the Democrats refusal to stop it’s funding for political gain (Rahm Emanuel, leading the charge) was horrible. I don’t believe in stealing from productive Americans or stealing from generations unborn to pay for our mistakes. Your mistake.

Comment made on March 7th, 2009 at 5:44 pm
collegekid5 Said:

If you are totally …
If you are totally broke or behind simply don’t pay them! I know having bad credit sucks but it is only for 7 years it is better than working your whole life and stressing to pay those big interests. Just don’t ignore the collection calls

Comment made on March 7th, 2009 at 5:44 pm
p12psicop Said:

Avoid the question …
Avoid the question and try to equate Democrats with Repukes by obfuscation.

Comment made on March 7th, 2009 at 5:44 pm
otter47 Said:

Credit cards need …
Credit cards need new federal regulations with teeth. Years ago the Supreme Court ruled the interest rates charged to customers are governed by laws of the state where banks locate their credit card operations, NOT the state where the consumer lives. Thus, banks locate these in South Dakota and Delaware, states with high or no ceilings on interest rates. Citibank was the first bank to move credit card business to SD. Congress must prohibit usury and establish reasonable interest rates.

Comment made on March 7th, 2009 at 5:44 pm
 

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