Quote:
Originally Posted by julee_m
Yes, I know...some changes will indeed benefit consumers. But I understand that grace periods may no longer be used - interest starts getting charged immediately. Also cards will probably have fees. And before the changes hit they will squeeze us all they can. And some people who are struggling right now may well default, and that won't help consumers OR credit card companies. The squeezing will prolong the recession/depression plus they will lose formerly good customers.
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They are publicly-traded, for-profit corporations. They are interested in increasing shareholder value above being "nice" or "helping" their consumers. The sooner you come to the realization that credit companies do not exist to help you or make your life easier, the better.