O.T. credit cards

now that the bama mama wants to watch over credit card companies when do you think he will talk to "slow" people of America and tell them to use their brains so us smart people don't get hurt anymore?

No interest in smart people only followers

Why do you assume you are part of the "Smart" people group?

well first off we all know what "assumptions" do and secondly i don't put my faith in the fact that government can financially save us all!

Now dont get mad Im just trying to be funny but wouldnt smart people use capitals to start a sentence?MMMM.

I don't know about the government actually controlling the industry (they'd mess it up worse than it already is) but if you have a credit card, no matter how smart you, the industry as it is now will bend you over you in a heart beat. I just finished reading an article in USA Today about them (the card companies) now raising interest rates on people that have a balance but pay on time for no reason other than trying to cover their "asets". Their reasoning is that with the economy being bad "everyone" is now at a higher risk and as such should be charged a higher interest rate whether there is any other real reason (such as late payments, etc) or not. Unfortunately in their greed they fail to see that by them taking more of hard working peoples money to line their own pockets they wind up creating a worse economy and wind up making the people who weren't at risk be at risk by taking more of their money. The article said that there are more cards now in default or having late payments being made on them than ever before because of this practice. I don't believe the government needs to control the industry but I believe the industry needs some guidelines, possibly in the way of federal laws, that they have to follow to keep them from doing people they way they are doing.

I'm one of the "Smart People". I don't have any credit card debt. Paid them off over 10 years ago and got rid of them. My debit card from my bank has all of the same protections the credit card co's offer and it doesn't cost me a thing.

i think obammy might have got this one right.
we have been stuck on this too payments always on time or before and all of a sudden get a letter they are going to raise our int rate 4 1/2 %.
so we froze the account at old int rate and won't use that card anymore. oh i had the card since 1998
and that's the way they treated me

I agree with regulating them. I paid mine off years ago and don't even have a card anymore. What gets me is that they can just raise your rate at any time for any reason. So the economy is bad and they need to make more off people, things are tough all over.