Comments on: New Credit Card Rules… http://www.bloggingawaydebt.com/2009/10/new-credit-card-rules%e2%80%a6/ Our Journey to a Debt-Free Life Sun, 21 Mar 2010 12:23:03 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Jen http://www.bloggingawaydebt.com/2009/10/new-credit-card-rules%e2%80%a6/comment-page-1/#comment-912427 Jen Mon, 19 Oct 2009 12:35:31 +0000 http://www.bloggingawaydebt.com/?p=2947#comment-912427 Very interesting story. Thanks for sharing. Don't know how I missed this one:) Very interesting story. Thanks for sharing. Don’t know how I missed this one:)

]]> By: Nicole http://www.bloggingawaydebt.com/2009/10/new-credit-card-rules%e2%80%a6/comment-page-1/#comment-909946 Nicole Mon, 12 Oct 2009 05:13:40 +0000 http://www.bloggingawaydebt.com/?p=2947#comment-909946 Hmmm, I bet they don't like it then that I don't use any cards anymore. No debit, credit or otherwise. Thanks Dave Ramsey for putting my head on straight : ) Hmmm, I bet they don’t like it then that I don’t use any cards anymore. No debit, credit or otherwise. Thanks Dave Ramsey for putting my head on straight : )

]]> By: Bobby http://www.bloggingawaydebt.com/2009/10/new-credit-card-rules%e2%80%a6/comment-page-1/#comment-905823 Bobby Sat, 03 Oct 2009 02:36:30 +0000 http://www.bloggingawaydebt.com/?p=2947#comment-905823 Great story. Good to see someone casting a little light in the dark corners of the credit card industry. Great story. Good to see someone casting a little light in the dark corners of the credit card industry.

]]> By: David@DINKS Finance http://www.bloggingawaydebt.com/2009/10/new-credit-card-rules%e2%80%a6/comment-page-1/#comment-905442 David@DINKS Finance Fri, 02 Oct 2009 04:26:58 +0000 http://www.bloggingawaydebt.com/?p=2947#comment-905442 A bill of rights? Please. It's not so much people being took advantage of by credit cards than people digging themselves into a hole with credit card debt. If the credit card company does something that wasn't in the contract, they have a legal claim. Just be conscious of what you are signing up for and pay your bill in full each month. A bill of rights? Please. It’s not so much people being took advantage of by credit cards than people digging themselves into a hole with credit card debt.

If the credit card company does something that wasn’t in the contract, they have a legal claim. Just be conscious of what you are signing up for and pay your bill in full each month.

]]> By: Mysti http://www.bloggingawaydebt.com/2009/10/new-credit-card-rules%e2%80%a6/comment-page-1/#comment-905361 Mysti Thu, 01 Oct 2009 22:07:32 +0000 http://www.bloggingawaydebt.com/?p=2947#comment-905361 I had my credit line slashed when I tried to lower my interest rate. Because of the high rate, I am having a hard time making the minimum payment (I am, but it hurts). I am not paying more, so the finance charges are eating away at the small about of credit I have left. And on top of it, it screwed my FICO!! I had my credit line slashed when I tried to lower my interest rate. Because of the high rate, I am having a hard time making the minimum payment (I am, but it hurts). I am not paying more, so the finance charges are eating away at the small about of credit I have left.

And on top of it, it screwed my FICO!!

]]> By: John DeFlumeri Jr http://www.bloggingawaydebt.com/2009/10/new-credit-card-rules%e2%80%a6/comment-page-1/#comment-905336 John DeFlumeri Jr Thu, 01 Oct 2009 19:13:52 +0000 http://www.bloggingawaydebt.com/?p=2947#comment-905336 The banks stay up all night figuring out how to earn money too. The banks stay up all night figuring out how to earn money too.

]]> By: Jin6655321 http://www.bloggingawaydebt.com/2009/10/new-credit-card-rules%e2%80%a6/comment-page-1/#comment-905242 Jin6655321 Thu, 01 Oct 2009 14:58:38 +0000 http://www.bloggingawaydebt.com/?p=2947#comment-905242 Oh, I agree. It's the same reason I HATE those freecreditreport dot com commercials who imply that you can't get what you want in life because you didn't check a website, not, you know, because you've been making all kinds of financially disastrous decisions. Still, I imagine there are lots of people out there who are trying to turn their financial life around and surely, this isn't helping. A sudden drop in their credit limit can really impact their credit score. If they're trying to pay down their CC debt, a sudden spike in interest rate is not going to help. Oh, I agree. It’s the same reason I HATE those freecreditreport dot com commercials who imply that you can’t get what you want in life because you didn’t check a website, not, you know, because you’ve been making all kinds of financially disastrous decisions.

Still, I imagine there are lots of people out there who are trying to turn their financial life around and surely, this isn’t helping. A sudden drop in their credit limit can really impact their credit score. If they’re trying to pay down their CC debt, a sudden spike in interest rate is not going to help.

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