Kasz216 on 16 May 2009
| ikilledkenny said: Alright, they hiked rates earlier. But isn't it better they do it once now instead of a million times in the future? Rates would inevitably go up soon anyway, so it's far better to suffer a little bit now for the greater good of society. |
They can stille hike rates.
All they can't do is hike rates and make you pay those rates on your current debt.
Basically this protects people who run up huge debts they can't pay back... at the expense of people who run up debts they plan to pay back in the short term.
It's really something that should of always been a law anyway... but if you want to take a "realism" approach it does really suck.
