Credit Card Consumer Revolt

A consumer revolt against the credit card industry is long overdue. For thirty years credit card companies have worked to undermine government regulation of their industry. They have purposely moved their operations to the states with the weakest consumer protection laws so they could raise interest rates and fees, and use the fine print in their confusing loan contracts to take advantage of people. They charge interest rates as high as 36% and they have added fees for just about everything imaginable -- including processing fees for raising their interest rates! The wealthy financiers and corporations that control this industry are screwing millions of poor and middle class Americans who are dependent on credit card loans -- sometimes just to pay for necessities like food, fuel, and medical care. We are organizing an internet based campaign to fight back. The supporters of CreditCardRebel.com are demanding that:

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We are a loosely knit group of consumers and credit card holders who are fed up with the abuses and excesses of the credit card industry. We recognize the power of the internet as a tool to reach large numbers of people. We believe that millions of Americans are angry with the treatment that they have received by this arrogant industry and that many will support our effort to fight back. We invite credit card holders to sign our petition and to visit our site at http://www.creditcardrebel.com

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    E HENDRICKS, United States

    5 years ago
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    M. FAHEY, United States

    5 years ago Comments: I pay my credit cards on time evey month. I went from a 9 to 13 to17 to29.9 in a 3 month span. Im tired of being a slvae to this vilr industry. Americans should have been given a low interest rate for 5 yrs. The government can bail out the banks but what of the every day citizen drowning in credit card debt .OPEN YOUR EYES! Its time we rtook back OUR government. Pay attention vote out these senators and congressmen who slip and slide for years getting nothing accomplished. They keep their lobyist happy but coulsd care about the average American. WE NEED A THIRD PARTY!! THe government holdsbillions in citi bank stock and now are trying to figure the best way to sell or dispose of them. Why not disperse these bonds to Americans strugleing to make their citi bank payments.IT IS TIME FOR THE OLD TO GO AND THE YOUNG WITH NEW IDEAS TO BECOME SENATORS AND CONGRESSMEN. The last generation failed . Im sure we could do better.
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    George Lendvai, United States

    6 years ago
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