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rzemanfl (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:03 PM Original message |
Any thoughts on what the upcoming doubling of credit card |
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mikehiggins (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:06 PM Response to Original message |
1. It will be a total disaster across the board |
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AlienGirl (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 01:36 AM Response to Reply #1 |
40. It sure looks that way... nt |
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JuniperLea (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:07 PM Response to Original message |
2. screeching halt! |
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zipplewrath (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 07:43 AM Response to Reply #2 |
44. Not sure you can back that up |
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Fiona (993 posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:14 PM Response to Original message |
3. it will have two conflicting results... |
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rzemanfl (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:22 PM Response to Reply #3 |
6. I think that a lot of people will find themselves short of the monthly |
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HockeyMom (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:25 PM Response to Reply #3 |
7. They will start garnisheeing more and more paychecks |
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hobbit709 (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:35 PM Response to Reply #7 |
10. Can't garnish for that |
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rzemanfl (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:54 PM Response to Reply #10 |
18. They shoot you for being in debt in Texas, right? n/t |
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Mountainman (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:40 PM Response to Reply #3 |
12. You forget that people will go right back to using the available credit |
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Fiona (993 posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:47 PM Response to Reply #12 |
17. Some people, yes |
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catnhatnh (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:15 PM Response to Original message |
4. Okay.... |
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acmejack (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:18 PM Response to Original message |
5. It will be absolutely disastrous for people already squeezed. |
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cbear70 (654 posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:26 PM Response to Reply #5 |
8. that would be me.. |
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rzemanfl (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:35 PM Response to Reply #8 |
9. You have my sympathy. When I practiced bankruptcy law I |
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faithnotgreed (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:41 PM Response to Reply #8 |
13. im so sorry cbear - if this is all basically medical related can you |
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cbear70 (654 posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:43 PM Response to Reply #13 |
15. Thank you |
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faithnotgreed (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:10 PM Response to Reply #15 |
24. sometimes you just have to do what you have to eh |
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sendero (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 10:06 PM Response to Reply #15 |
35. All you can do.... |
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Tux (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:46 PM Response to Reply #8 |
16. Good luck |
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zinndependence (177 posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:33 PM Response to Reply #8 |
27. I'm so sorry... |
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aspberger (230 posts) Send PM | Profile | Ignore | Wed Jul-20-05 10:22 PM Response to Reply #8 |
36. YOU ARE NOT THE LONE RANGER |
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grasswire (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 07:52 AM Response to Reply #8 |
45. may I suggest selling unwanted items on eBay? |
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ProudDad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:22 PM Response to Reply #8 |
59. DON'T PAY THE MEDICAL BILLS |
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fberknm (29 posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:37 PM Response to Original message |
11. Did banks support this? |
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cbear70 (654 posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:41 PM Response to Reply #11 |
14. I heard |
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OneTwentyoNine (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:54 PM Response to Reply #14 |
30. Well hell yeah,did it for the Credit Card companies--as in late charge.. |
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Zorra (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:25 PM Response to Reply #11 |
26. Yes, banks are the "entities" that instituted this policy. n/t |
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tx_dem41 (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:36 PM Response to Reply #11 |
28. Consumer advocate groups are supporting this as well. n/t |
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Zorra (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 10:05 PM Response to Reply #28 |
34. Really? That seems odd. Do you have a link to a consumer advocacy |
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proud patriot (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 07:58 PM Response to Original message |
19. It's going to hurt a lot of people |
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rzemanfl (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:03 PM Response to Reply #19 |
22. Absolutely agree. n/t |
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Zorra (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:00 PM Response to Original message |
20. A lot of children will no longer have enough to eat. |
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peacefreak (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:01 PM Response to Original message |
21. Heartbreak situations. |
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rzemanfl (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:06 PM Response to Reply #21 |
23. That's terrible, I use my card for gas because I always fill my |
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ProudDad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:24 PM Response to Reply #23 |
60. Use a debit card |
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rzemanfl (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 06:03 PM Response to Reply #60 |
65. Then I have to remember to write it down. My Metro only takes |
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KansDem (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:16 PM Response to Original message |
25. Crime will rise... |
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zinndependence (177 posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:38 PM Response to Original message |
29. I haven't heard about this... |
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NMDemDist2 (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 08:55 PM Response to Reply #29 |
31. IIRC it was part of the "bankruptcy bill" it was put in because now the |
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rzemanfl (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 04:23 PM Response to Reply #31 |
48. I think people will slowly reach a level of debt they can afford to |
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ProudDad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:26 PM Response to Reply #31 |
62. Even doubling the minimum |
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Sugarbleus (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 06:21 PM Response to Reply #29 |
67. I heard this yesterday..I thought it was only one or two |
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halobeam (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 09:02 PM Response to Original message |
32. I think I understand that the interest paid in the long run will be less |
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cosmicdot (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-05 09:52 PM Response to Original message |
33. more foreclosures? |
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fortyfeetunder (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 12:03 AM Response to Original message |
37. The economy will be screwed |
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Singular73 (999 posts) Send PM | Profile | Ignore | Thu Jul-21-05 12:30 AM Response to Original message |
38. Most people have no idea |
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Humor_In_Cuneiform (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 12:49 AM Response to Original message |
39. When does the new bankruptcy law take effect |
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Vinca (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 06:31 AM Response to Original message |
41. You know what I hope happens? |
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Pepperbelly (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 06:35 AM Response to Original message |
42. I think they will end up cutting off their nose to spite their faces. |
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Mountainman (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 06:55 AM Response to Original message |
43. Did anyone in the repuke congress say, "Hey let's help people out by |
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Skidmore (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 07:57 AM Response to Original message |
46. Perhaps this is the only way to free people from |
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1932 (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 04:29 PM Response to Reply #46 |
50. So true. All through history, debt has been used to enslave free people. |
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ProudDad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:28 PM Response to Reply #46 |
64. EXACTLY |
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nickinSTL (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 07:59 AM Response to Original message |
47. For me... |
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1932 (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 04:27 PM Response to Original message |
49. It's good if it encourages people to go into less debt. |
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rniel (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 04:32 PM Response to Original message |
51. over 21,000 dollars here |
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ArkDem (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 04:54 PM Response to Reply #51 |
52. You were screwed long before the policy changed. |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:06 PM Response to Original message |
53. If the extra money is applied to the principal |
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ArkDem (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:12 PM Response to Reply #53 |
54. I don't think the companies would be in business to lose money. |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:15 PM Response to Reply #54 |
55. Not sure what you mean. |
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ArkDem (1000+ posts) Send PM | Profile | Ignore | Fri Jul-22-05 09:27 AM Response to Reply #55 |
68. Duh, that's why you pay the interest. They aren't going to allow |
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1932 (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:25 PM Response to Reply #54 |
61. I read The Working Poor which describes a Cleveland tool and dye company |
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1932 (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:19 PM Response to Reply #53 |
57. One slight correction: |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:27 PM Response to Reply #57 |
63. If you are paying only the minimum |
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ProudDad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:18 PM Response to Original message |
56. PAY THEM DOWN NOW!!! |
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raccoon (1000+ posts) Send PM | Profile | Ignore | Fri Jul-22-05 09:51 AM Response to Reply #56 |
69. I second your suggestion |
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ProudDad (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 05:21 PM Response to Original message |
58. This is a direct result |
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FrenchieCat (1000+ posts) Send PM | Profile | Ignore | Thu Jul-21-05 06:06 PM Response to Original message |
66. My first thought? |
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