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ACTION ALERT: Stop Credit Card Interest Rate Abuse! PLEASE SIGN !


Business  (tags: debt, society, credit cards, interest rate finances, economy, government, money )

Simone
- 2528 days ago - forcechange.com
Americans currently carry over $793 billion in revolving debt, of which 98% is attributable to credit cards. The average household carries nearly $16,000 in credit card debt, and the average annual percentage rate for new cards issued is over 14%



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Comments

Esther Z (94)
Saturday September 17, 2011, 8:23 am
Noted and signed. Thanks, Simone!
 

Emma S (239)
Saturday September 17, 2011, 8:31 am
Thank you, Simone. Noted and signed.
 

Sue H (7)
Saturday September 17, 2011, 9:15 am
If the "average household" didn't treat credit cards like they were some kind of magic money tree, if they were smart enough not to fall for the credit card come ons, we wouldn't have this problem.
Why would anyone think that it's ok to be $16,000 in debt??? A predatory lender is a predatory lender.
 

Past Member (0)
Saturday September 17, 2011, 10:07 am
Thank you Simone
 

Peggy A (109)
Saturday September 17, 2011, 10:52 am
Signed and shared
 

. (0)
Saturday September 17, 2011, 11:26 am
noted, signed
 

. (1)
Saturday September 17, 2011, 1:19 pm
Noted and signed. Thank you Simone.
 

Brandao N (21)
Saturday September 17, 2011, 2:25 pm
Noted and signed. Thanks.
 

Kenny V (173)
Saturday September 17, 2011, 2:27 pm
Never had or wanted a credit card,but signed in support of the people being taken advantage by them. Thanks Simone!
 

Marcia Singer (1)
Saturday September 17, 2011, 2:43 pm
As a single mother raising my daughter without benefit of family, i ended up with credit card debt. I'm happy to pay back what i borrowed over the years; however, i also ended up having to report my credit card provider to the Office of the Comptroller of the Currency a couple of years ago because even though i had closed my credit card account and jumped through all the hoops, they were surreptitiously trying to change my interest rate from a fixed rate to a variable rate, meaning they could have capriciously raised my interest at any time. Although i called several times and sent all the paperwork they required, they continued to pretend to not know what i was talking about, so i had to report them to the appropriate government agency. I eventually got a call from them and they rectified the situation, but i was left wondering how many people had their interest rate increased and just took it on the chin, figuring they couldn't fight City Hall, as it were.
 

Roger G (148)
Saturday September 17, 2011, 3:04 pm
thanks
 

Penny C (17)
Saturday September 17, 2011, 5:12 pm
How about we stop the abuse of the people USING the credit cards. $16k credit card debt for the average household? That's ridiculous. Why do people think they need thousands of dollars worth of things they cannot afford? I cut up mine a couple years ago and do not plan on ever getting another one. Too many people use them irresponsibly.
 

Unnikrishnan S (44)
Saturday September 17, 2011, 7:20 pm
Noted n signed
 

Carol H (229)
Saturday September 17, 2011, 8:00 pm
thanks Simone, signed and noted
 

Regina P (67)
Saturday September 17, 2011, 11:32 pm
Noted & signed. Thanks
 

Past Member (0)
Saturday September 17, 2011, 11:37 pm
Noted and signed. Food for thought: Maybe families wouldn't need credit cards if their wages would cover the things needed, not wanted, to live.... That's what most of the people I know use their credit cards for, not for frivalous purchases... Thanks Simone.
 

Past Member (0)
Sunday September 18, 2011, 2:24 am
I don't like using a credit card but I want 1 handy in case of emergency.
 

Past Member (0)
Sunday September 18, 2011, 8:23 am
signed, thanks Simone
 

Terrie W (798)
Sunday September 18, 2011, 10:42 am
Your signature has been recorded.
Signed, noted and posted
 

Carole K (195)
Sunday September 18, 2011, 10:48 am
Noted & signed. TY, Simone. The parasite big banking corporations have sucked the lifeblood out of the American people for long enough. This extortion should be illegal! American consumers need to realize that the low prices @ chain stores paid for on credit means that the real cost probably doubles. Our family has maintained zero credit card debt for the last 6 years. Don't give your money away for nothing!!!
 

Sanja T (154)
Sunday September 18, 2011, 11:54 am
noted... and signed
 

Alice B (241)
Sunday September 18, 2011, 12:40 pm
NOTED & SIGNED.
 

Robert G (3)
Sunday September 18, 2011, 1:05 pm
Signed and noted.
 

Penelope P (222)
Sunday September 18, 2011, 2:03 pm
Trouble is so many of us rely on net purchases-tend to need bankcard-The use iof the internet to save time shopping probably rises when employers feel free to extend work hours unofficiaaly and not to give extra money for extra work -in short it tends to be a recessional activity

The price of food probably does not help iether
 

Lisa N (207)
Sunday September 18, 2011, 3:15 pm
Signed, thanks.
 

Mary Donnelly (47)
Sunday September 18, 2011, 3:21 pm
Thanks Simone. Signed and sent.
 

Jim P (3257)
Sunday September 18, 2011, 4:05 pm
Best to get out of your credit cards as soon as possible.
Cut them up. Interests rates vary from company to company, bank to bank - your best
bet is NOT to have one. There are cards that are charging well over 19% interest. I have
heard of some charging 30%...

Ty, Simone.
.
 

Ann Breeden (65)
Sunday September 18, 2011, 4:37 pm
Signed and noted. I'm quite shocked to think that the average holder is carrying a $16,000 debt. The banks are taking advantage of people big time. Did they ever pay back their loans to the government or just paid the top dudes their millions to make the mistakes in the first place?
 

Bonnie B (103)
Sunday September 18, 2011, 5:48 pm
Noted and SO signed. Thanks, Simone! How is it legal for credit card companies to charge 29% or more while we get .05% on our savings accounts (if we even HAVE them anymore!) because of the low fed rates. Aren't there usury laws in this country? And let's not forget those "payday loans" that prey on the poor, who are not eligible for credit cards and live payday to payday, at rates of 100%! It is SO time to stop the criminal activities of these thieves!

Not all people use their credit cards like "magic money trees." I only use them when I absolutely have to. But being severely under-employed... I can barely manage rent and food...then a big bill like a car repair for $1000 comes along....or what about the people who have lost or can no longer afford their health insurance? What is going on in this country is certainly a travesty. I agree, Britin, if people made a living wage and had protection from those emergency things i.e. health insurance and THEN lived within their means we wouldn't have this problem. It seems to me that it should be against the law to charge more than 2 or 3 percent above the fed prime rate.
 

Aletta Kraan (146)
Sunday September 18, 2011, 7:30 pm
Noted , thanks !
 

Samuel Kellett (0)
Sunday September 18, 2011, 8:26 pm
Thanks Simone:) Signed And Shared:)
 

Samuel Kellett (0)
Sunday September 18, 2011, 8:29 pm
Closed ALL My Cards Years Ago, Just Not Worth It!
 

Mary T (178)
Sunday September 18, 2011, 8:41 pm
Already got rid of all my credit cards, Signed anyway.
 

Carole R (200)
Sunday September 18, 2011, 10:55 pm
Many times people use credit cards when they don't have the cash they used to, like after loosing a job. It isn't right for the credit card companies to charge such high rates to the people who can least afford it.
 

Jen Debeer (2)
Sunday September 18, 2011, 11:15 pm
Noted thanks.
 

Arild Gone for now (174)
Monday September 19, 2011, 1:57 am
Signed,thanks Simone.
 

Lynne Buckley (0)
Monday September 19, 2011, 2:03 am
Signed
 

DORIS L (61)
Monday September 19, 2011, 8:20 am
Signed.
 

Alicia N (87)
Monday September 19, 2011, 1:28 pm
signed
 

Dogan Ozkan (5)
Monday September 19, 2011, 8:28 pm
noted and signed
 

Past Member (0)
Wednesday September 28, 2011, 7:15 pm
signed and noted
 

Fahad Raza (0)
Monday April 23, 2012, 11:46 pm
Regulate bank greeting cards prices and protect the consumer from unnecessarily high prices and fees. Provide relief for consumers so that paying down financial debt is within reach.
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