Who Deserves? Hot Topic?

iVillage Member
Registered: 11-14-2008
Who Deserves? Hot Topic?
1
Fri, 10-23-2009 - 11:52am

This is potentially a hot topic so everyone put on their "nice" shoes! I was just reading some credit card rules and regulations in an interesting article on CNN and it got me thinking.

http://money.cnn.com/galleries/2009/news/0910/gallery.credit_card_evil_things/2.html

Will people pay attention to the laws? Will they realize the laws that being implemented are only on the existing balances and the card companies can do whatever they want with purchases going forward pretty much. New fees, less rewards?

I bet this will exclude people from being allowed credit in the first place now? Maybe not. What are your thoughts on who should have them and who should not?


iVillage Member
Registered: 10-01-2008
Fri, 10-23-2009 - 12:44pm

Since times have changed so much in the past year as far as credit cards, I think probably 6 out of every 10 people will pay much more attention to the 'fine' print.

Norma


"Patience is the best remedy for every trouble"- Plautus