More screwed up legislation is being inacted tomorrow in what was an effort by the Obama administration to help credit card consumers.
Now we get to have cards with 79% interest, most certainly pay late fees of 35-39 dollars, not be able to obtain a credit card if under 21 without a parental cosigner(good luck), have inactivity fees (no more paying the entire balance each month) and much much lower credit limits.
Thank You to the administration for another hastily ramed through bill:pity:
http://news.yahoo.com/video/business-15749628/new-credit-card-law-to-take-effect-18255024
Hey, but on the bright side, (Monday) we will get to hear President Obama's personal idea of what Health care should be......I can't hardly contain myself!!
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I'm not sure how I would've made it through college without credit cards. :lol:
Without them I certainly wouldn't have the very good credit score I have now, and I definitely wouldn't have been able to get financed for a house on my own, and maybe not even a car.
There is an ABC article that is linked near the video on your link that says:
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