View Poll Results: Did the Democrat's Credit Card Act of 2009 help or hurt you?

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  • It Helped me

    2 9.09%
  • It Hurt me

    7 31.82%
  • No Change

    13 59.09%
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Thread: Did the Democrat's Credit Card Act of 2009 help or hurt you?

  1. #41
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by Badmutha View Post
    Of course not.....how could we compare Interest and Interest........
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    trolling, simply trolling....if you don't have anything of substance to offer, cast your bait elsewhere.
    Oracle of Utah
    Truth rings hollow in empty heads.

  2. #42
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by tlmorg02 View Post
    It helped me. I cancelled all my old credit cards when the rates were set to go up. Since, I have picked-up a few new ones at lower rates than before, and guess what, no fine print!!!!
    I just got an offer for 0% for 12 months. Can't get much lower than that.

  3. #43
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by DontDoIt View Post
    Not only does this hurt new credit card holders, as they have to make up for the freeze of APR from previous owners, it also make it more difficult for new card holders, not only to obtain a credit card, but to even get one. I read that it has led to over 100,000 people wanting to purchase their first credit card, get denied. When these people can't get a credit card or a bank loan, it showed that a majority of them would end up having to go to these "money mutual" like companies, which have astounding interest rates of anywhere from 200-500% interest rates.

    are you sure you are a conservative? do you think you have a right to an open ended loan agreement?
    Credit cards are the number one issue with people having to file bankruptcy. If you can't afford to make the payments, don't incur the debt. Anybody should be able to understand that....
    The really dumb ones go to payday loan companies, or those that have you sign over the title to your vehicle.

    Don't they teach this stuff in high school any more? Or are we discussing this with 8th grade drop outs?
    Oracle of Utah
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  4. #44
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by Dirty Harry View Post
    I just got an offer for 0% for 12 months. Can't get much lower than that.
    sure you can, if you never pay interest no matter the rate, and the card pays you 1% of your purchases annually, you MAKE money....
    Oracle of Utah
    Truth rings hollow in empty heads.

  5. #45
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by Badmutha View Post
    Well dont let the facts get in the way.........

    Credit card interest rates hover near record highs of 15% - Jan. 28, 2011

    "Rates are going up because card issuers know that once you get a card they can't raise the rates, so they're raising rates on the front end to ensure they get the revenue from that interest," said Beverly Harzog, credit card expert at Credit.com.

    Never let a crisis go to waste you know.....
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    so NOW you want government to stifle capitalism? WOW.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  6. #46
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by UtahBill View Post
    sure you can, if you never pay interest no matter the rate, and the card pays you 1% of your purchases annually, you MAKE money....
    That is true. I never use credit cards, just my debit/check card. I grew up in the era where you saved up your money if you wanted to buy something. I have never paid a dime of credit card interest in my life.

  7. #47
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by Dirty Harry View Post
    That is true. I never use credit cards, just my debit/check card. I grew up in the era where you saved up your money if you wanted to buy something. I have never paid a dime of credit card interest in my life.
    credit card companies have disparaging words for people like you and me.....all they can make off of us is what they charge the stores, and that isn't enough for those greedy terds....
    Oracle of Utah
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  8. #48
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by UtahBill View Post
    credit card companies have disparaging words for people like you and me.....all they can make off of us is what they charge the stores, and that isn't enough for those greedy terds....
    They lose money sending me all those "incredible" credit card offers. I get at least 2 a day.

  9. #49
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by UtahBill View Post
    are you sure you are a conservative? do you think you have a right to an open ended loan agreement?
    Credit cards are the number one issue with people having to file bankruptcy. If you can't afford to make the payments, don't incur the debt. Anybody should be able to understand that....
    The really dumb ones go to payday loan companies, or those that have you sign over the title to your vehicle.

    Don't they teach this stuff in high school any more? Or are we discussing this with 8th grade drop outs?
    This relates to my post minimally..

  10. #50
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by Dirty Harry View Post
    I just got an offer for 0% for 12 months. Can't get much lower than that.
    Hope you pay it off by then, cause it'll probably go up to 30%.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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