Comments on: 5 Ways Card Issuers Can Still Nail You Despite the Credit CARD Act of 2009

By: Michelle

Michelle — Sat, 24 Apr 2010 01:50:24 +0000

Great article. Not a lot of people are aware of this, and a lot won’t even pay attention until they have been bitten by it. I think that credit cards and any kind of credit should be used only if a person has no other options. The interest rates alone should be enough to scare you away.
.-= Michelle´s last blog ..Merchant Advances: 10 Things You Didn’t (But Should) Know =-.

By: Guy G.

Guy G. — Mon, 12 Apr 2010 01:56:54 +0000

Hey,
Great Post. It’s amazing how badly these companies treat those that they rely on to make the payments. I’m sure it’s part of the reason Dave Ramsey completely detests them and teaches people tips on budgeting to get out of debt and cancel all credit cards.
The only thing card companies may do that you mentioned in your post is possibly charging statement fees, however I think they should give people the option. The reason should be for environmental preservation. Any fees earned by the companies should be 100% directed to an environmental protection agency/charity.

Thanks again for the post,
.-= Guy G.´s last blog ..The Mind/Money Equation – Tips on Budgeting =-.

By: Susan Hill

Susan Hill — Fri, 05 Mar 2010 19:28:21 +0000

Credit Cards, I was just on the verge of getting one this week. Though I’m being advised by everyone to stay away, Well thanks to this so much for just getting one for “emergencies” – Guess I’ll have to be forced to use it.
.-= Susan Hill´s last blog ..How to Find Customers =-.

By: Anthony Kirlew

Anthony Kirlew — Fri, 05 Mar 2010 15:51:50 +0000

Bottom line is that you are far better off living without credit cards. They are too tempting for most people as evidenced by our extremely high debt ratios and bankruptcy rates in the US. .-= Anthony Kirlew´s last blog ..How to Effectively Comment on Blogs – Fueled Friday =-.

By: MoneyEnergy

MoneyEnergy — Thu, 04 Mar 2010 23:49:59 +0000

Wow, an inactivity fee. Amazing. Thanks for listing these, it will help alot of people sort through the new mess of the new regulations…. I wonder, because in some cases I bet it could be worse for consumers now if they aren’t aware of the changes. Frankly, I plan not to use my U.S. credit card again – but I’ll need to look up the inactivity fee. I hope there’s an easy way to find out about it. Citibank has stopped mailing me my monthly bill/update.
.-= MoneyEnergy´s last blog ..A Guide to Cash ISAs: Tax-Free Savings in the UK =-.