Credit Card Companies Take More From Your Wallet!
By Sandy Morris on Jun 26, 2009 in Featured, Wealth-N-Retirement
Credit card companies take more from your wallet with the changes in their minimum payment policies. We have all seen the low interest rate sales tactics used by credit card companies to get your business from another credit card company; however, most do not read the fine print in those offers.
Many Americans today are finding it more and more difficult to maintain a balance in their own personal budget. Every week food prices rise, utilities increase rates, fees are added to pay a bill online and now the credit card companies have decided to take their share too. This baby boomer is guessing these credit card companies do not have the same budget constraints that normal people are having today. That can be the only explanation for taking this enormous swipe at consumers who are already in a weakened state.
Read more here: Credit Card Companies Begin To Raid Your Wallet Too!
Dear reader this is just the beginning and there seems to be no end. Do the credit card companies have a right to do this? We cannot say… but did you read the fine print on your credit card application? Didn’t think so.
Maybe now is the time to begin… the change from credit to debit card… getting back to basics and the things that really matter to us in life versus the things we think we MUST have NOW. This could probably be one of the hardest changes you make in your everyday life.
The change in credit policy of the major credit card companies will probably do some good in the end by making people mad enough to cut that card up and end the life on credit that we have all been living. You know how easy it was just to plunk down that credit card and think you would pay it off next month.
Think about it… can you change? Maybe the change that is coming could be the change in your pocket. A world without worry of being on the verge of financial collapse is not a bad thing.
Think about it and let us know what you think…
Tags: financial collapse, credit card application, everyday life <BR/>
