Reply #23: Levin and McCaskill legislation Stop the Unfair Credit Card Practices Act [View All]

[goodgd_yall]

(or something like that) might help you if it gets passed (it's now in committee). Hey, I know what you mean: interest hike, late fee, oops now you're overlimit so you're charged an overlimit fee, interest on the fees; oh and you were late on paying your gas card bill, so you'll find your VISA interest APR just went up to 28%.

Unless the bankruptcy law goes back to what it was, you'll probably die in debt. After the bankruptcy law was changed, there went the last incentive for credit card companies to control their interest rates and fees. Before, they wouldn't really want to drive someone to bankruptcy because then they'd never get their money. Now there are no limits; they are out of control.