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Originally Posted by Cannon Shell
All of which are great except the number of people that can get credit cards and the amounts that those few that can are tiny. If you are responsible consumer these provisions do virtually nothing for you. Of course why help the people who are responsible...who have jobs, who make their mortgage payments, who already drive decent cars, who dont carry large balances on credit by spending beyond their means...
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LOL, only you could try and turn consumer protection against usurious practices a bad thing
This helps responsible consumers too. People that want to use a credit card to maybe buy a refrigerator and pay it off over three months, etc. It even helps those who pay off their balances monthly, as there are huge fees incurred for being a day late, etc. It will decrease the number of irresponsible people that are approved for cards, which makes our costs (responsible people) less.