| 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? |
Amusingly this is why Obama is passing this law. So they can't raise rates on stuff you already owe.
Eh it'll be better in the long run... and for people like me with no outstanding debt.
Well then again maybe not since my rates probably would of stayed the same anwayay. Eh we'll see.
Credit Cards shouldn't exist anyway.
