Thursday, May 21, 2009
Are You A Dead Beat
... credit card holder??? According to the recent news reports, due to a lack of personal self control, issuing credit to not so credit worthy people, banks charging highway robbery late fees, jacking up interest rates with little notice, and the general public (me included) not wanting to spend three hours reading the gobbledygook disclosures issued with said credit cards, the president is enacting new laws to give a break to people that can't or don't pay their bills on time. Also, according to said reports, if you pay your credit card balances off in full each month, you are considered a dead beat card holder. Go figure?? Now the card companies will have to re-coop some of their 'loss' in revenue from the late payers by charging the payers-in-full annual fees for the privilege of using said credit card. Don't know about you, but I fall into the dead beat card holders group. Guess what credit card companies? I have a nice pair of scissors and will cut up your stinkin' card and start using cash. Makes no difference to me.