Impact of new credit card regulations on SAHP's

iVillage Member
Registered: 11-22-2000
Impact of new credit card regulations on SAHP's
1062
Wed, 10-19-2011 - 11:38am

I saw a little bit about this this morning, and immediately thought of this board.


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iVillage Member
Registered: 02-04-2009

Well, it's one way for all these young women to experience the 1960s again.

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Kitty

"If you can't annoy somebody with what you write, I think there's little point in writing."-- Kingsley Amis, British novelist, 1971 t .

iVillage Member
Registered: 12-07-2003
My mind jumped to women (or men) who SAH and are in abusive relationships. I would think that being able to get a credit card to use to get out of bad situation would be important particularly for them.
iVillage Member
Registered: 11-22-2000

That was pretty much exactly my initial reaction -- minus the go-go boots, maybe.


iVillage Member
Registered: 11-22-2000

Exactly.


iVillage Member
Registered: 01-15-2006
raising hand, my mother always signed her name on checks, on permission slips, etc. mrs. (dad's first name and last name). how often do you see that nowadays? Lol.

i haven't read the link, ftr.

 

Avatar for rollmops2009
iVillage Member
Registered: 02-24-2009

Judging from previous discussions here on this board in years gone by, I would say that the feature in question is probably extremely informative for some people. When people tell you they have a set amount to pay on credit cards each month, it is obvious that they are trying to pay down an old CC debt with minimum payments.

iVillage Member
Registered: 02-24-2010

This is a stupid law that will (probably) not change the amount of money that is defaulted on cc.

“Clearly," said Arthur,"you're an idiot- but you're our kind of idiot. Come on.” 
― Markus ZusakThe Book Thief

iVillage Member
Registered: 05-27-1998

The people who are really going to get screwed are young mothers (and a few fathers) who haven't had time to build up good credit prior to deciding to SAH. For those of us who already have strong credit histories and already have credit cards, it probably won't make much difference. I'm a SAHM now and probably will be for the next couple of years, so I guess I won't be getting any new credit cards!

The only positive thing I can see--and it is a very small thing--is that women who SAH and are then divorced won't have huge credit card debt to deal with once they're on their own again. But as someone else pointed out, this is horrible news for women in abusive relationships who need to flee and start over.

And I sure hope this means that a woman who SAH with the kids so

iVillage Member
Registered: 07-17-2007

iVillage Member
Registered: 02-04-2009
ashmama wrote:

The people who are really going to get screwed are young mothers (and a few fathers) who haven't had time to build up good credit prior to deciding to SAH. For those of us who already have strong credit histories and already have credit cards, it probably won't make much difference. I'm a SAHM now and probably will be for the next couple of years, so I guess I won't be getting any new credit cards!

The only positive thing I can see--and it is a very small thing--is that women who SAH and are then divorced won't have huge credit card debt to deal with once they're on their own again. But as someone else pointed out, this is horrible news for women in abusive relationships who need to flee and start over.

And I sure hope this means that a woman who SAH with the kids so

************

Kitty

"If you can't annoy somebody with what you write, I think there's little point in writing."-- Kingsley Amis, British novelist, 1971 t .

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