Credit Card Companies Are on the Warpath - BEWARE!
By Dictator Hater for the Corbett Report
Credit card holders across the nation are receiving documents from their credit card companies which are called Change In Terms Notices. Do not make the mistake of just blowing this off and tossing it into the trash.
Doing so could easily devastate you financially.
What many of these notices include are huge interest rate hikes on current and future balances on credit cards. I’ve talked to people who have seen their interest rates hiked to 30 percent for no apparent reason. The only way to not pay these rates is to close your account, that is the only option. Others are receiving notices that their minimum payment is being raised as high as 5 percent of the balance of their card, again for no apparent mistep by the credit card holder. There is no negotiation on the card holder’s part whatsoever. It is either take it or close the account.
Congress passed the Credit Card Holder’s Bill of Rights, but instead of this law which prohibits the shenanigans being played out all over the country as I write this taking effect immediately, they allowed the credit card companies until the year 2010 to have their way with the American people.
Much, if not all of what is happening to credit card holders right now will be illegal once that law takes effect.
This is another outrageous example of the government and corporations conspiring against the American people.
Do you believe Congress had your best interests at heart when they allowed this disgusting window of opportunity to be left open for the credit card companies to do what they are doing?
Call your Senators and Representatives today and let them know that their attempt to appease the credit card companies while making it appear they were actually working for your best interests is a farce that is going to further erode the middle class in this country. Let them know you can see through this charade.
