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Criminal Law

: Crime & Federalism

Credit Card Companies Are Thieves

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The latest credit-card scam is to change your available credit limit to an amount less than what you currently owe.  Details here.This allows credit card companies to charge you over-limit fees.  They change the rules in the middle of the game.  You were fine one day.  The next day, you're not.Where are Barney Frank and other friends of the poor?  They talk about reform, but they do little.  What credit card companies do is literally thievery.  Whom does it hurt?  It doesn't hurt me.  I pay off my balances every month.  I use my credit card for SkyMiles and other rewards programs.  I am a leech on the credit card companies.  And damned proud of it.The latest credit card scam hurts the people who can't afford to pay off their balances - the so-called "little guy...continue to full post

Full post as published by Crime & Federalism on March 13, 2009 (boomark / email).

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