Credit Card or Unsecured Debt consumed the family budget. The mortgage debacle made 1000’s of families homeless. We seen record bank failures, Wall Street corruption, and Government bail out of business “too big to fail”.
Not so subtle change are taking place in the USA and for that matter the world. Our entire financial structures is under question. The coming changes will affect every area of our lives. The slogan “yes we can” called out for change and helped to elect President Obama!
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I listen to the commercials on TV and radio… Call us we will tell you secrets the Credit card companies done what you to know. You can settle you credit cared debt for 40-60%. Great! The real secret is that this is just another way for the credit card companies to get into you pocket cuss they know you'll never be able to pay the full amount.
It seem that no matter what we say the volume of conversation is so loud, so acute, so red in the face that our angry voice are not heard.
Have you had enough? Visit CreditCardRestInPeace and listen to the audio. It's not a pitch but real information and a real solution.
Banks And Credit Card Issuers Increase Interest Rates On Consumer Credit Cards
It took a while to calm down so I could write this blog post. About the 13th of February I received a notice from my credit card issuer, Capital One, informing me that the interest rate and other terms for my credit card were all going up:
"At Capital One, we are committed to providing valuable customers like you with honest and open communications. Today, we're notifying you that terms of your Capital One account are changing... Due to extraordinary changes in the economic environment, we're reviewing our existing credit card accounts. Having considered these economic conditions, your account's current Purchase rate, and the length of time you've had this rate and account, we will be increasing your Purchase rate. We're also raising your Cash Advance and Default rates."
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