I don't get it. Does anybody else realize that the credit card companies which are owned by banks simply raised their fees & minimum payments in order to pay back their bailout. Isn't this making me pay to pay me back? Its my tax money that was used to bail them out & its my money that's paying the bailout back?!?! Does this make sense to anybody else? How is this legal? Why aren't more ppl mad as hell!!!!
It sucks that a lot of people refused to see the bigger picture how the government doesn't make money and that businesses are not going to lose money so we end up paying both ways.
Answer by SylviaNCali at 1:14 AM on Feb. 12, 2010
Answer by LynnB1 at 12:39 AM on Feb. 12, 2010
GOOD POINT OP. Just an FYI the more you pay towards your debts (increased minimum payments) the more you are actually putting towards the princible of the debt. So the banks/credit cards aren't actually making more money. Unless of course they increased the interest rate.
That sucks about the fees though.
Answer by Anonymous at 1:43 AM on Feb. 12, 2010
Answer by SabrinaMBowen at 8:46 AM on Feb. 12, 2010