We're appalled that credit card companies together made BILLIONS in punitive fees like late or over limit fees in 2007.
That was in addition to the merchant fees and finance charges they collected.
It seems like they engineer everything, from publishing rules in eye-straining print to changing due dates and creating shorter cycles, to insure that consumers get trapped into paying an ever wider variety of fees and charges.
They also snare a lot of young, inexperienced and naive people into paying for ongoing programs that are of little or no value to any but a few people in
select circumstances.
And now Washington has given lenders the biggest bailout in history. They've rewarded the fat cats who have ruined people's lives by jacking up their interest.
Yet, you can take control of your credit cards when you know how the credit card industry works and what to avoid in order to reduce credit card debt.
And that's why we're doing this: we're sick of seeing people's accounts re-priced into the stratosphere.
We're tired of seeing good, hard-working American men and women struggle.
We're tired of injustice. And we're determined to help.