Quote:
Originally Posted by //<86TA>\\
people who use creditcards as loans are idiots, and deserve to pay their 25%+ interest rates.
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that's an unfair statement. there are people who need to use their CCs to survive. i'm not talking about spending on luxuries, i'm talking about those who have to use their CCs at the supermarket to buy food. this economy is
much worse than most of you know. it's not so easy to get by without a little help from your friends.
what ed says is correct, and it's something many won't ever know about, especially those who pay off their balances every month. the banks are in high "put it in their (the customers) asses" mode. i thought the law was already in effect, as i received several letters recently from my institutions concerning the "opt out" issue. i guess some of them are trying to duck the new law early.