Help Desperately Needed
Congressional and Governmental help is desperately needed by the American People to regulate the loan sharking activies of the Credit Card Industry. Thanks to the revamped Bankruptcy Bill that was passed during the Bush Administration's Republican controlled Congress Credit Card Companies were given free reign to charge loan sharking rates on credit cards. Credit Card Rates charged by the credit card industry were always excessive but thanks to the revamped Bankruptcy Bill they now have the legal blessings of the Federal Government to set punitive interest rates that will keep Americans repressed throughout their lives. The revamped Bankruptcy Bill allows credit card companies to randomly raise rates after a cardholder borrows the money. If a cardholder made a purchase at 3.99% interest and has been paying that bill promptly, a late payment to another company gives the credit card company the right to raise the interest rate on the debt to them which is being paid on time. This was...