I'm sure you have all heard the commercials on the radio about how if you owe more than X amount of money in credit card debt, you HAVE THE RIGHT to settle for a fraction of what you owe. My problem with this is, isn't a credit card like a contract? If you accept the card, then you acknowledge the debt and will repay it? (I am not referring to circs where the CC co has increased the interest out of the blue.) How can people get a card, rack up the debt, then "have the right" to NOT PAY IT BACK!!! This is absurd, and so foreign to my way of thinking. I do not understand it. When did this become a RIGHT? HOW is this a RIGHT? I don't recall reading about it in the Bill of Rights........
Answer by Anonymous at 9:39 AM on Jan. 27, 2010
Answer by Crissy1213 at 2:03 AM on Jan. 27, 2010
Answer by 29again at 2:54 AM on Jan. 27, 2010
Answer by Anonymous at 6:43 AM on Jan. 27, 2010
Answer by Anonymous at 6:47 AM on Jan. 27, 2010
Answer by motherofhope98 at 7:59 AM on Jan. 27, 2010
Answer by HistoryMamaX3 at 8:34 AM on Jan. 27, 2010
Answer by tnmomofive at 8:37 AM on Jan. 27, 2010
there is no truth in advertising. It isn't a right. It is more of an oppotunity. they just want you to call. so they can sell you their service.
Answer by Anonymous at 9:00 AM on Jan. 27, 2010
The reason they do that is because credit card companies jack up interest rates sky high. That's how they make money. Thank god the new law will be passed soon to stop this. They jack up interest rates and monthly payments as they see fit. They act like it wasn't our tax dollars that just bailed them out.
Answer by legalmommy101 at 9:03 AM on Jan. 27, 2010