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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (303059)	4/29/2009 7:34:37 AM
From: John Carragher	Read Replies (1) \| Respond to of 793926

mass mailings of credit cards to college students etc. no checks of ability to pay ever made.. they work on vol. saying they do not create credit problems is like saying banks didn't contribute to housing crisis. Credit cards eliminated lay away plans because business knew it could sell out more and pay credit cards fees to do it. Business could care less about ability to pay as the bottom line covered all bad debts. If a person has a large balance on a credit card and is paying it off monthly at a rate of interest. i would think credit card companies could come up with a card that has fixed rates if you have an existing balance. and increase or decrease rates at will on cards.