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. #51
    Professor
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    Re: Did the Democrat's Credit Card Act of 2009 help or hurt you?

    Quote Originally Posted by American View Post
    Hope you pay it off by then, cause it'll probably go up to 30%.
    Nope. It will be 9.9% after 12 months. I'm not signing up for it anyway. Don't want it.

  2. #52
    Professor
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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

    Don't they teach this stuff in high school any more? Or are we discussing this with 8th grade drop outs?
    No they don't. Kids don't have a clue about personal finances. They want everything right now and don't think about debt at all. It really is the parents job to teach their children how to handle money but most of them are horrible with their own money.

  3. #53
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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
    Here is proof:
    This was before Obama was even elected president:

    http://blogs.creditcards.com/lending-standards.gif


    You are wrong, but of course evidence and facts mean nothing partisan hacks like you.
    "The proof" that the Democrat's credit card reform didnt cause interest rates to go up?........written prior to said reform/rate hike.


    Nobody is contending that the economic collapse and recession didnt change lending standards or APRs for a great many people......it did......just as the Democrat's credit card reform did.

    I mean your entire argument boils down to "Credit Card companies raised rates due to their loss of revenue from the Recession--which was 100% Bush's fault"

    But then you sway into "Credit Card companies did not and will never raise rates due to their loss of revenue from the Democrat's Credit Card Reform--and if they did--it was also Bush's fault"

    .
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    ...........can we agree.....the recession and the Democrats Credit Card Refom caused rates to rise?
    .
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    .

  4. #54
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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
    This relates to my post minimally..
    well my train of thought easily derails, a short term memory problem due to some meds that I had to quit taking, and they haven't worn off yet.....essentially I am saying that credit is not for those who can't pay....so those who are being turned down, may be better off without the cards....
    Oracle of Utah
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  5. #55
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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
    No they don't. Kids don't have a clue about personal finances. They want everything right now and don't think about debt at all. It really is the parents job to teach their children how to handle money but most of them are horrible with their own money.

    but, there are so many neat gadgets out there !!!! When those parents want to retire and their kids are still living with them, then the situation should become a bit more clear in their minds.
    Oracle of Utah
    Truth rings hollow in empty heads.

  6. #56
    Advisor DontDoIt's Avatar
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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
    well my train of thought easily derails, a short term memory problem due to some meds that I had to quit taking, and they haven't worn off yet.....essentially I am saying that credit is not for those who can't pay....so those who are being turned down, may be better off without the cards....
    I agree, but if you think about it, credit cards are needed just to be able to purchase certain things as well.

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