Just read this on the Obama issues pages and I love it.
Establish a Credit Card Bill of Rights to Protect Consumers: Obama will create a Credit Card Bill of Rights to protect consumers. The Obama plan will: Ban Unilateral Changes Apply Interest Rate Increases Only to Future Debt Prohibit Interest on Fees Prohibit "Universal Defaults" Require Prompt and Fair Crediting of Cardholder Payments
How many of you have had this happen. The credit card company raises your rates and your modest balance sky rockets! This would say that they could not raise interest on previous balance. Also they could not put interest on their fees. I think this is fantastic. And applying payments is huge. I had to stop paying through the mail because 2 weeks after mailing they would still not have applied my payments and then charge me fees for being late. This would help people in ways they might now be fully understanding. I think people just keep paying the minimum and never get anywhere and cannot figure out why. I know it happened to me.
Can Edwards supporters tell me if he has anything like this.
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