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Reply #7: It's an acceptable trade off. [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
RDANGELO Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-24-09 08:54 AM
Response to Original message
7. It's an acceptable trade off.
Overall people may be starting off with a little higher interest rates, but people who miss one payment won't be exploited. The thing is to be selective when you acquire the card in the first place. This is similar to what the states do with auto insurance. If the insurers had their way, the people who have occasional accidents wouldn't be able to afford the insurance.
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  -will the credit card bill of rights punish those who pay on time? Doctor_J  May-24-09 07:03 AM   #0 
  - The banks are threatening that.  lapfog_1   May-24-09 07:06 AM   #1 
  - If so, we'll start writing checks......  Uben   May-24-09 07:06 AM   #2 
  - Just forget having a picture of Spaghetti Bobby  safeinOhio   May-24-09 07:35 AM   #3 
  - No - but then banks may decide to reconstitute lost revenue by restricting perks  stray cat   May-24-09 08:13 AM   #4 
  - NO, the credit card companies WILL!  grannie4peace   May-24-09 08:14 AM   #5 
  - Fuck 'em - that's why I don't do credit cards anymore.  backscatter712   May-24-09 08:16 AM   #6 
  - It's an acceptable trade off.  RDANGELO   May-24-09 08:54 AM   #7 
  - Why do we let these fuckers hold a gun to our head  AllentownJake   May-24-09 09:02 AM   #8 
  - its decisions made by card companies, NOT the alleged card "bill of rights" nt  msongs   May-24-09 09:41 AM   #9 
  - no one ever mentions the fact that  WhiteTara   May-24-09 10:07 AM   #10 
  - No, those were baseless threats by the industry to prevent the legislation from getting passed  high density   May-24-09 10:13 AM   #11 

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