Email your Credit Card Horror Stories - Senator Bernie Sanders wants them

[RamboLiberal]

Issue April 24, 2009 - http://sanders.senate.gov

The outrage...is building. Doesn't anyone get it?

People in Vermont and throughout the country are outraged by skyrocketing credit card interest rates. At a time when the taxpayers in this country are bailing out Wall Street financial institutions, these very same banks are charging them 20, 25, 30 percent interest rates on their credit cards.

President Obama recently met with top executives of the nation's largest credit card companies and threw his support behind credit card reform legislation. Senator Bernie Sanders agrees, but he would do more. He proposed a bill to cap interest rates at 15 percent, similar to credit unions.

A Vermonter writes, "I am appalled at the hikes in credit card rates! Everywhere in our small town in Vermont, everyone is talking about the latest surge in interest rates. People who are never late in payments have seen their rates climb overnight. The outrage, which I am sure doesn't surprise you, is building. Doesn't anyone get it?"

Email him at this link: http://www.sanders.senate.gov/qa/creditcards.cfm

Video of Senator Sanders on Senate Floor on this issue: http://www.sanders.senate.gov/news/record.cfm?id=311950

[Donnachaidh]

1. Roll them back to single digits for people with good payment records

WHY give the banks that extra 5% -- they've used every sneaky, underhanded ploy to jam consumers for everything. WHY give them profits when they are getting bailed out and STILL they are cutting credit limits and hiking rates?

They need to be reined in HARD -- if only to teach them a hard lesson.

[Rabrrrrrr]

2. Clearly, the usury of the credit card industry needs to be reigned in.

On the other hand, I am absolutely appalled at the totally fucking ludicrous amounts of money that ignorant, materially-obsessive shitheads have borrowed from themselves on credit cards.

Should credit cards have a limit of, say, 4% interest? Absolutely.

But should all those dickheads who tried to outdo the Joneses have their faces slapped repeatedly for being greedy materialistic unthinking dipshits? Absolutely.

[aquart]

3. Usury must not be allowed.

[L0oniX]

4. Done