Do you have credit cards?   Are you in debt, then you need to fully understand the way this thing works…

Recently the president signed into law a whole new set of rules for credit card companies, many are saying that it is very unfair to those people who have good credit, however, it seems only logical that the credit system is basically broken as it is and this new law does nothing to help.

The new credit laws, do not really do much to help the consumer as it allow the credit card companies to penalize those people who pay their bills on time.

The problem here is that people that have credit cards and dont really need them will not pay for service fees and extra fees.

They will just terminate them with prejudice.

It is the old adage, those who need credit, cant get credit and those that dont need credit can get all they want and more.

Does this make any sense at all?

No, actually it does not make any sense at all, however these companies will do just that, they will start out sending out increases in fees annual fees and more.

Which will result in consumers just canceling the card and paying in cash.

After all they dont need the credit, it is just those people that need credit that will pay the fees, so how is this going to help the market?

The answer is that it will not help the market at all.

It is just another law that is not needed and will cause problems down the road.

Just wait and see…

Are you sick of the promises of hope and change, by the way how is that working out for you?

Are you one of the people that are struggling with your bills while the gov does nothing?

There are literally thousands and thousands of americans filing bankruptcy as our government appears to be doing nothing, sure the speeches are good but in the end actions speak so much louder than words and so far the only thing we see is a whole lot of nothing…

If you feel like you are nearing the end of your financial rope, see a qualified representative now…

If you find that you are just struggling to keep up with the payments and you just dont know where you next meal is coming from there is help, do not despair, you can get help with your credit cards and bills.

Have you noticed that credit card rates keep going up, I know one thing, people that have 30 years of perfect credit a perfect credit score are getting rates increased on their credit cards.   What are we doing, paying off the balance and terminating the card agreement with extreme prejudice, because we do not need those greedy Jack leg brokers of the devil.

These people that get money at .089 percent and load it out at 30 percent that is gouging and it is wrong.

New Credit card rules, will they help or hurt?

Recently the president signed into law a whole new set of rules for credit card companies, many are saying that it is very unfair to those people who have good credit, however, it seems only logical that the credit system is basically broken as it is and this new law does nothing to help.

The new credit laws, do not really do much to help the consumer as it allow the credit card companies to penalize those people who pay their bills on time.

The problem here is that people that have credit cards and dont really need them will not pay for service fees and extra fees.

They will just terminate them with prejudice.

It is the old adage, those who need credit, cant get credit and those that dont need credit can get all they want and more.

Does this make any sense at all?

No, actually it does not make any sense at all, however these companies will do just that, they will start out sending out increases in fees annual fees and more.

Which will result in consumers just canceling the card and paying in cash.

After all they dont need the credit, it is just those people that need credit that will pay the fees, so how is this going to help the market?

The answer is that it will not help the market at all.

It is just another law that is not needed and will cause problems down the road.

Just wait and see…