Comments on: Now that the Credit CARD Act of 2009 is being implemented are we again learning about unintended consequences? http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences/ Sun, 29 May 2011 09:54:00 +0000 hourly 1 By: correrafan http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences/comment-page-1/#comment-5175 correrafan Wed, 24 Feb 2010 15:19:59 +0000 http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences#comment-5175 Yes, I just received my THIRD notice in the last 6 months regarding another interest rate increase. It seems that CC companies are pricing themselves out of business. Of course, they don't see it that way. They own the whole corrupt system and the means whereby people HAVE to have a credit card to rent something, reserve a motel room, or fly on a commercial plane. Personally, I call that EXTORTION!<br><b>References : </b><br>I hope they all go under! Yes, I just received my THIRD notice in the last 6 months regarding another interest rate increase. It seems that CC companies are pricing themselves out of business. Of course, they don’t see it that way. They own the whole corrupt system and the means whereby people HAVE to have a credit card to rent something, reserve a motel room, or fly on a commercial plane. Personally, I call that EXTORTION!
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I hope they all go under!

]]> By: meg http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences/comment-page-1/#comment-5174 meg Wed, 24 Feb 2010 15:05:59 +0000 http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences#comment-5174 I think the the consequences were not necessarily unintended. The credit card companies had lobbyists all over the hill and over 50 amendments were introduced to carve ot exceptions to make sure the credit card companies remained very profitable..<br><b>References : </b><br> I think the the consequences were not necessarily unintended. The credit card companies had lobbyists all over the hill and over 50 amendments were introduced to carve ot exceptions to make sure the credit card companies remained very profitable..
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]]> By: Dr. Phil of sh*t http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences/comment-page-1/#comment-5173 Dr. Phil of sh*t Wed, 24 Feb 2010 14:38:59 +0000 http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences#comment-5173 NO they passed a law that gave them political gain and made them look good but in effect allowed loopholes and enough time before it's enactment so the credit card companies could restructure their fees and how they based interest and still enjoy the same or even more profit. You tell me why it took almost a year for the new regs to be implemented i am sure they could have done in a couple weeks by the companies if they had too. It was just another scam on the American people and who owns the credit card companies well big banking so there you go. Besides people need to cut those things up anyhow they are evil I will not use them.<br><b>References : </b><br> NO they passed a law that gave them political gain and made them look good but in effect allowed loopholes and enough time before it’s enactment so the credit card companies could restructure their fees and how they based interest and still enjoy the same or even more profit.
You tell me why it took almost a year for the new regs to be implemented i am sure they could have done in a couple weeks by the companies if they had too.
It was just another scam on the American people and who owns the credit card companies well big banking so there you go.
Besides people need to cut those things up anyhow they are evil I will not use them.
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]]> By: TB2 http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences/comment-page-1/#comment-5172 TB2 Wed, 24 Feb 2010 13:59:59 +0000 http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences#comment-5172 You know, you don't have to have a credit card, I cut all mine up about ten years ago, haven't used one since. The only difference in my life is I have more money in the bank.<br><b>References : </b><br> You know, you don’t have to have a credit card, I cut all mine up about ten years ago, haven’t used one since. The only difference in my life is I have more money in the bank.
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]]> By: ideogenetic http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences/comment-page-1/#comment-5171 ideogenetic Wed, 24 Feb 2010 13:09:59 +0000 http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences#comment-5171 All credit is irresponsible except for cars and mortgages (rates are still competitive and reasonable). Americans should demand higher wages rather than lower credit card interest rates. We are suckers.<br><b>References : </b><br> All credit is irresponsible except for cars and mortgages (rates are still competitive and reasonable). Americans should demand higher wages rather than lower credit card interest rates. We are suckers.
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]]> By: ThinKabootit http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences/comment-page-1/#comment-5170 ThinKabootit Wed, 24 Feb 2010 12:35:59 +0000 http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences#comment-5170 If you spend more money on a credit card than you actually can afford to pay back, I am a little baffled why you think that is "Congress's fault" rather than your own fault. Math classes at High School are (effectively) free in the US, and certainly teach people how to count sufficiently well that if they get into debt, it is their own fault!<br><b>References : </b><br> If you spend more money on a credit card than you actually can afford to pay back, I am a little baffled why you think that is "Congress’s fault" rather than your own fault. Math classes at High School are (effectively) free in the US, and certainly teach people how to count sufficiently well that if they get into debt, it is their own fault!
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]]> By: Gorkbark Porkduke Gefunken Fubar http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences/comment-page-1/#comment-5169 Gorkbark Porkduke Gefunken Fubar Wed, 24 Feb 2010 12:18:59 +0000 http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences#comment-5169 This is more a lesson in bank greed and meddling government than anything else.<br><b>References : </b><br> This is more a lesson in bank greed and meddling government than anything else.
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]]> By: LHOOQ http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences/comment-page-1/#comment-5168 LHOOQ Wed, 24 Feb 2010 11:38:59 +0000 http://www.bestonlinecreditcheck.com/protect-credit-rating/now-that-the-credit-card-act-of-2009-is-being-implemented-are-we-again-learning-about-unintended-consequences#comment-5168 No, we're learning about greedy corporations finding new ways to screw consumers. They should be regulated more.<br><b>References : </b><br> No, we’re learning about greedy corporations finding new ways to screw consumers.

They should be regulated more.
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