Good Moring American Serfs


	Good Moring American Serfs

Doctrader

8-31-2009 6:12 PM

65 views

Doctrader says:

Most credit card companies have mailed out notices, which will go into effect on Sept 1st, some of the new changes will be "monthly maintenance fees for outstanding balances during the billing cycle. So, everyone who has credit card balance, will be paying an extra flat rate fee in addition to the monthly credit charges. If you miss one payment on card or monthly payment plans, all you monthly interest rates may go to 29% per year. This is clearly credit card collusion, yet the govt. will not stop the credit card companies from making you "The New American Surf!" Welcome to serfdom U.S.A.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/087252cb-4130-4305-8f92-f48d6b3b6de5/362E195A-3B11-4BF5-AC4A-A5FEB82E48E5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.examiner.com/x-13259-Atlanta-Mortgage-Examiner~y2009m8d31-Credit-cards-and-credit-scores" href="http://www.examiner.com/x-13259-Atlanta-Mortgage-Examiner~y2009m8d31-Credit-cards-and-credit-scores" style="font-size: 11px;">www.examiner.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.examiner.com/x-13259-Atlanta-Mortgage-Examiner~y2009m8d31-Credit-cards-and-credit-scores"><H1>Credit cards and credit scores</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.examiner.com/x-13259-Atlanta-Mortgage-Examiner~y2009m8d31-Credit-cards-and-credit-scores"><li style="margin-left:16px;padding-left: 0px;">Create a 3-6 month emergency cash reserve to avoid relying too heavily on credit cards.  If you do not have cash reserves, you should not be making discretionary purchases.</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.examiner.com/x-13259-Atlanta-Mortgage-Examiner~y2009m8d31-Credit-cards-and-credit-scores"><li style="margin-left:16px;padding-left: 0px;">There is no federal limit on the interest rate that a credit card company can charge.</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.examiner.com/x-13259-Atlanta-Mortgage-Examiner~y2009m8d31-Credit-cards-and-credit-scores"><li style="margin-left:16px;padding-left: 0px;">There is no limit on the amount a credit card company can charge a cardholder for being late on a payment.</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.examiner.com/x-13259-Atlanta-Mortgage-Examiner~y2009m8d31-Credit-cards-and-credit-scores"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.examiner.com/img/D43B3515-E562-4AE9-BB3B-B974295929A8" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.examiner.com/x-13259-Atlanta-Mortgage-Examiner~y2009m8d31-Credit-cards-and-credit-scores"><P>Many credit card companies have been reticent to extend new credit lines since the onset of the credit crisis.  Others have reduced credit lines due to concerns about credit viability, which can instantly push consumers over the maximum balance, leaving them with no credit availability and marring their credit scores.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.examiner.com/x-13259-Atlanta-Mortgage-Examiner~y2009m8d31-Credit-cards-and-credit-scores"><P>Whereas credit cards can be an effective financial management tool for some, they are a disastrous temptation to others.  Credit card companies realize that consumers are less aware of buying things on credit than purchasing with cash. They have capitalized on this psychological trait.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/362E195A-3B11-4BF5-AC4A-A5FEB82E48E5/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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