http://creditcardforum.com/blog/up-to-40-of-credit-card-debt-to-be-forgiven/ our rants and raves about credit card and financial news... Thu, 09 Sep 2010 01:09:06 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://creditcardforum.com/blog/up-to-40-of-credit-card-debt-to-be-forgiven/comment-page-1/#comment-3385 mepiamo Sun, 11 Jan 2009 22:18:08 +0000 http://creditcardforum.com/blog/?p=138#comment-3385 Credit card companies are the only business that works towards bankrupting their customers.They must be regulared. I'm not afraid of regulation, for companies regulate me all the time, and mostly not for my good. Credit card companies are the only business that works towards bankrupting their customers.They must be regulared. I’m not afraid of regulation, for companies regulate me all the time, and mostly not for my good.

]]> http://creditcardforum.com/blog/up-to-40-of-credit-card-debt-to-be-forgiven/comment-page-1/#comment-3384 Janet Sun, 30 Nov 2008 04:46:09 +0000 http://creditcardforum.com/blog/?p=138#comment-3384 The banks and credit card company's are in trouble because they charge such outstanding percentages that people are naturally going to have trouble paying. I say they should forgive at least %40 of the credit card debt. They've made their money ten times over on high interest rates and fees. The banks and credit card company’s are in trouble because they charge such outstanding percentages that people are naturally going to have trouble paying. I say they should forgive at least %40 of the credit card debt. They’ve made their money ten times over on high interest rates and fees.

]]> http://creditcardforum.com/blog/up-to-40-of-credit-card-debt-to-be-forgiven/comment-page-1/#comment-3383 Wayne Sat, 29 Nov 2008 04:15:40 +0000 http://creditcardforum.com/blog/?p=138#comment-3383 Like other houses of cards in the world of finance consumer debt is ready to collapse. So many are doing debt settlement now and the banks are seeing that there's just no way many can repay what they have borrowed especially at high interest rates. I am personally doing debt settlement, but beware of scams if you do. Like other houses of cards in the world of finance consumer debt is ready to collapse. So many are doing debt settlement now and the banks are seeing that there’s just no way many can repay what they have borrowed especially at high interest rates. I am personally doing debt settlement, but beware of scams if you do.

]]> http://creditcardforum.com/blog/up-to-40-of-credit-card-debt-to-be-forgiven/comment-page-1/#comment-3377 Charlie Mon, 03 Nov 2008 01:21:53 +0000 http://creditcardforum.com/blog/?p=138#comment-3377 When is this pilot program to be started? Is it up to Congress? Then it won't be till 2009. Some of us cannot hang waiting. When is this pilot program to be started? Is it up to Congress? Then it won’t be till 2009. Some of us cannot hang waiting.

]]> http://creditcardforum.com/blog/up-to-40-of-credit-card-debt-to-be-forgiven/comment-page-1/#comment-3376 Sarah Sun, 02 Nov 2008 18:40:51 +0000 http://creditcardforum.com/blog/?p=138#comment-3376 With that first graph it's unusual to see that credit card defaults were higher in '02 and '91-92 than it is today. With that first graph it’s unusual to see that credit card defaults were higher in ’02 and ’91-92 than it is today.

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