Tuesday September 15, 2009, 5:43 pm
Thank you!thank you !thank you! She is so right I have my problems with Bank of America. I can not stand them,they took me for a lot of money. Now maybe they will have to pay!That is if we stick together! Thanks,Tom

Wednesday September 16, 2009, 4:42 am
Thanks Tom.

Wednesday September 16, 2009, 5:09 am
thanks tom

Wednesday September 16, 2009, 6:06 am
Good for Her!!!! I applaud her for taking a stand.

Each one of us must do the same. Now I don't suggest NOT paying your debt, that is YOUR choice, but what I do suggest is learning to live off of the money that you do have, pay off the credit cards and stay away from them. Purchase the smaller things by CASH.

Remember CASH? That green paper stuff?

Why do you need to put a toaster, pair of slacks, or a lamp shade on your credit card? Stop doing that for with interest that toaster is costing you greatly and making the Theives richer. I've been calling them Theives for awhile on here, I loved her choice of words for them. Evil Theiving Bastards....yup good choice on her part.

If you go on a trip and don't want to carry cash, have the full amount for your vacation sitting in the Savings account so when the bill comes in PAY IT ALL OFF! Can't do that, then rethink your vacation plans. Do you know that for many people traveling to YOUR area IS a vacation. What is in your local area that you haven't seen or done yet? Check into it and you will also support your local economy.

Christmas around the corner....oh the Theives love that one....the commercials scream at you daily to buy with money you may not have. So you do what....put it on your credit card! No, no, no....the Corportate Theives and the Credit Card Theives all want you to feel "guilty" and "forget" the reason for the season. My goodness if I don't buy Aunt Sophie another set of bath towels and perfume she'll never use I will be a disgrace to the family. My kids will not forgive me if I don't have a pile of presents that touch the ceiling and they will throw into a corner in a few days to hardly ever look at again.
Get away from all that.
Do you know what my Kids remember from their childhood? TIME....TIME spent with them. Buy a great board game and spend TIME over the game in laughter. Sure get them the one thing you know they have been truly wanting, but beyond that....spend TIME. I bet if you called Aunt Sophie, Grandpa Bill, your sisters and brothers, and spoke about not wanting to go into debt for Christmas but instead exchange names in a family hat and each person buys one gift for the one they selected, or promised to use some savings to drive out to see each other over the year and have a family picnic....that would mean more to them.
I also bet they would also be relieved to get away from all that shopping and going into debt themselves. They may be relieved that FINALLY someone had the guts to say, "hey, enough is enough"...I'm beginning to forget what Christmas is all about with all the stress of going into debt, wrapping things that others may not even use, and spending time in Department stores instead of......sitting with my family around that board game and laughing!
Instead of buying "stuff" get a membership to a museum and enjoy a years worth of entertainment, or a season pass to the water park, a State park, whatever....lots to do out there. Call it the "family" gift and your children will love all the TIME you will spend with them during the year.
Wake Up America!

Wednesday September 16, 2009, 6:19 am
Yes agree with all the above commenst Thanks Tom

Wednesday September 16, 2009, 6:20 am
whoops sorry that's comments

Wednesday September 16, 2009, 6:29 am
Two months ago Senators Durbin(IL) and Sanders(Vt), tried to bring back the old usurery laws that were one in place to protect us from just this practice. They were knocked down by all the greedy politicians who have taken tons of money from BofA and all the rest - OUR MONEY after the bail-out! Since these banks are profiting from these policies in other counties as well, the first step should be to get rid of the corrupt politicians who protect them. 2010 is just around the corner!

Wednesday September 16, 2009, 8:16 am
Dandelion how true! Thanks Tom.

Wednesday September 16, 2009, 9:51 am
Usury, pure and simple, BOA has been proven to be a predator.

Wednesday September 16, 2009, 12:03 pm
Thanks Tom,noted

Wednesday September 16, 2009, 1:42 pm
Thank you Tom. I don't put my money in a bank but in a Credit Unon which are safer then Banks.

Wednesday September 16, 2009, 2:31 pm
I guess I am one of the very few who do use a credit card but pays it all off when the bill comes. I have never paid one penny in interest and in fact I choose the one that gives me back money.
I totally agree if you cannot pay the bill completly than you should not use it.

Wednesday September 16, 2009, 3:40 pm
Thanks Tom

I agree with Carmen S. I look forward to seeing how many people join in the "revolt". I note that credit card interest rates are usually higher than many others, and potential customers should take that into account before using them.

Wednesday September 16, 2009, 5:15 pm
Thanks Tom

Wednesday September 16, 2009, 8:46 pm
Thanks for your comments everyone!

When you apply for a credit card, you don't get a copy of their "agreement" until after you're approved. The "agreement" always says the bank has the right to change the "agreement" at any time for any reason they deem necessary. You, the customer, have no such right. What kind of agreement is that? Would you sign an "agreement" like that with anyone else? How about a Realtor who is going to sell your house, or a contractor who is going to fix your roof? Why do we allow banks to get away with this? This is economic slavery.

The banks got the politicians to pass laws making it more costly and difficult for people to file for bankruptcy. Then the politicians passed some consumer protection laws, but generously gave the banks over a year to convert fixed interest rates to variable rates, raise rates and fees, and figure our other ways to gouge us before the new laws kick in.

The banks hire collection agencies to harass people that don't pay their bills while they reward their executives with $millions after they get bailout money when they can't pay their own bills. Now people are protesting the banks bait and switch tactics by refusing to pay their credit card bills. If this catches on, I expect the banks to threaten their unhappy customers with debtors' prison. If you thought that went out with the middle ages, think again:

"In 1833 the United States reduced the practice of imprisonment for debts at the federal level. Most states followed suit. It is still possible, however, to be incarcerated for debt, but only in those circumstances in which the court finds that the debtor actually possesses the money or means available to pay the debt."

Thursday September 17, 2009, 1:03 am
The banks are now sowing what the have reaped out of the publics pockets... they are finding that there is a reversal in fortune, and they need to start paying back to the communities for their greed and over inflated lending to homeowners

Thursday September 17, 2009, 7:27 am
Thanks for sharing. I also have been reamed by my credit card provider. I have had the card for 10 years at least and always paid most of the time more than my payment required. Other times I have paid it off. They jacked my interest rate up to almost 30 percent also. The government is trying to get a bill out to make them stop this arbitrary raising rates for no reason. But, it will take an act of Congress or possibly God before we get them to stop the crap. If we all revolted, refused to use their cards, paid off our balances and cut them up, and sent them back to the credit card people we could put them out of business.

Thursday September 17, 2009, 9:34 am
I myself got rid of all my credit cards years ago. I refuse to finance the pockets of these thieves. If I have to buy something on credit I do so by supporting the local small retailer in my community. Thanks Tom good report.

Thursday September 17, 2009, 1:26 pm
The best thing to do is to pay it off and not put any more money on credit cards. If she tries not to pay it, that is only going to ruin her credit.

Thursday September 17, 2009, 2:45 pm
Perhaps the most insidious foe of budgeting is the credit card, which enables one to buy things, on the impulse of a moment, without using money. Many people have a dozen or more credit cards and allow themselves to be continuously in debt by hundreds or even thousands of dollars. One way to control the use of credit cards is to pay the complete balance every month so that the debt does not accumulate from month to month.

Thursday September 17, 2009, 4:39 pm
I AM glad i never paid them their 32,000, they are corrupt. I WILL NEVER PAY them either....
They should pay us for bailing them out and they will......

We, the people are back in charge....believe it , because it is true :):):)

Thx Tom

Thursday September 17, 2009, 5:01 pm
The new bankruptcy laws are not that bad. If you have low income or are on unemployment you should defiantly do it. It is about $2,000, I found a lawyer for $1000. You can still file it yourself. You have to take two online credit courses, (easy, you know it already) and appear in court for 5 minutes. There will be a long line of people just like you there. Don't have the money to file? Take a cash advance, pay the bill for 6 months, do it!

Thursday September 17, 2009, 8:34 pm
Interesting!!

I had paid off my Chase card over 2 years ago (had card about 10 years).

In November I received my newer updated card, in December they increased my credit limit an additional $1,000.00 dollars, then in March they sent me a letter stating they were lowering my credit limit from $19,000.00 to $3,500.00.

I called, they said my credit report was "not good".

I ran my credit report (same one Chase used = Experian)

It stated 17 accounts in very good standing, never late, with 0 negatives in report.

I then faxed my Credit report to Chase, called them & told them to close my account & refund my annual fee, + interest = only card I had that was charging an annual fee.

Has now been a "few" months = no return of annual fee, called them again = they said it takes a few months cycles to complete.

Needless to say (but I did, of course) tell them that was interesting, considering how they "demand" a payment on a specific due date every month from "customers"

Don't mind me, just wanted to get that "off my chest" & give some of you a warning about Chase.