I don't feel bad for the credit card companies they are experiencing defaults on their credit card customers. They deserve to take a hit for unsound lending practices. MBNA, citibank, Discover, Providian, Master Card and Visa, I don't feel bad for you guys. You business practices are dishonest and you are harming peoples lives. When it is easy to get credit cards, what do you think will happen. People that don't qualify for credit under normal circumstances are getting cards and defaulting. Getting a credit card should have similar qualifications as a full documentation mortgage loan should. You need to be able to demonstrate your ability to repay. If you can't qualify then you should not get a credit card. You should get a debit card and use it like cash. Credit card companies are predators and want to get you in debt and keep you in debt. They are looking for new slaves.
Get me out of Debt
Subscribe to:
Post Comments (Atom)
1 comment:
Credit card debt is on its all time high with today's economy. Hopefully people can obtain the help they need to get out of debt. Thanks for the article!
Post a Comment