| TheRealMafoo said: So Obama is trying to pass a law that says credit cards will not be able to hike rates on current balances. So what does this do? It causes the Credit Card companies to go ahead and hike them now, while they still can. I am planing a wedding in a few months, and have a couple thousand on a card. I expect to pay it off in a few months, but I got a notice in the mail today that the rate on that card is going up on future and current balances. Anything else you want to fuck up Mr. President? |
Sucks to be you. Maybe next time you'll just pay for things with actual money instead of credit.
It's a good life lesson to learn. Some just need to learn it the hard way I guess.
In the meantime, any law which restricts or prohibits unethical business practices is a good one.
