Comments on: Time To Abolish Debt Slavery

The Nation: Credit Card Companies Use Tricks And Traps To Trap Users In Debt

[jube2b]

Just another republican screw over! Give all the wealth to the rich and give it up the a** to the little guy. In some cases credit cards are the only way some people can buy groceries or pay for meds and this is America! All the fluent cash we do have is all going to Iraq. ANOTHER BUSH SCREW UP. Are the people who voted this thief in office proud of yourselves? You have the blood of our American men and women on your hands. Just like your buddy GW

[godi70]

Banks are taking revenge against there customers.
The hearing giving by the America Congress trying to open the abusive behavior from Credit Cards Banks Business has created a new and very aggressive wave of letter with new words and treating against there clients.
I have receive ones from CC that I don't use.
The customer services personal selves are talking to the clients as if we were criminals and treating us with more APR if we do something wrong, without reason.
Put our future life like a hell if we break the bank commitment. I could not understand about this kind of attitude with someone who I do not know. I find that a public insult from people without education and profession. This people later going to the street and giving public about every client finance situation like a circus number.
Where is the respect of to the client from the Banks?
What kind of human society are we putting in the world?
Who can stop this Banks behavior?

[random_radar]

The simple solution is to not get into debt. It's still a free country for those wise enough not to sell their souls to creditors. I feel sorry for all the people abused by the system. Nevertheless, you need to avoid getting into the clutches of the unscrupulous.

Don't tell me how you desperately you need the credit--everyone can live cheaper and save for emergencies if they want to. There is always a lower of standard of living you can get along with. Turning to credit will make your financial problems worse, not better.

You can criticize me or ignore me, but reality will crush you. This story is the proof. Avoid debt like the plague and you will be better off no matter what else is happening to you.

[monty_4]

Glad to hear some one use that word -- indenture -- when it comes to the business of money in the country. I've felt like this land has been moving to indentured servitude for ages.

Time to put laws on the side of the consumer again!

[knyghtwolf]

Aspire is the BIGGEST abuser of them all. They send your billing statement two weeks AFTER the due date and then start calling you and harrassing you for a payment plus interest and late fees. I complained to several offices about this but all the people I was dealing with were either working in the prison system's experimental program or from India. I have a program in my phone that decodes "unavailable" numbers and several of them came from different prisons around the country. These pinheads ask for your bank account number and home address to bill your account and process it. I hope some of you are aware of this, if not, you are now.

[afmca]

This would end tomorrow if the remaining unethical states would update their usery laws and disallow these outrageous practices. Delaware and South Dakota are two states that have bent over and allowed the credit cards companies to screw everyone. Most cc compnaies set up in states that allow them to perpetuate the financial fraud. My state set limits and the cc companies left along with their low-pay, no benefits processing and call centers. Blame greedy politicans and the immoral cc companies that buy them off!

[djermano1]

Credit cards are quick loans that tempt you to go beyond your budget. You end up paying more than the price, by paying interest and other fees. You could have a 5,000-10,000usd limit and you still have to pay interest. Only this time interest is more because you have a bigger interest ratio to dole out.

They should be called Loan Cards. With no interest, and no fees. You pay for the card by an application fee. When you use it, until you pay it back, you can't borrow any more. Simple. This would make America a better and happier place to live.

[l8c6]

rray52...sorry, I misunderstood. I do all you say and it works out great.

[l8c6]

rray52

"Use cards that don%u2019t rebate you a % of the amount you charge."

why do you say that?

[l8c6]

This is unregulated business, this is big government off the backs of business, this is business anarchy, this is the rule of sociopaths who stand in the way of an ethical business playing field. This country, we the people need to clean our noses and assert that limits be set on sociopaths. Those citizens with true moral standards deserve a return of civilization to stop the ongoing regression to the medieval age.