Davidbzm01 (November 30, 1999 at 12:00 am)

Everyone. Here's how you fix itTake that credit card and cut it up.CALL THEM and cancel the account.Don't just stop using it because they are currently working on a new penalty charge for "NOT USING" your card.They WILL get the message when 40 million people call them up and say NO.They wont have a choice but to fix it.When your money stops flowing into their pockets. They will hear you.No violence. No weapons. No lawyers.Just stop using the card and they WILL FOLDEasy as that.

mastermoneystar (November 30, 1999 at 12:00 am)

Tetchcyn..yes you are right Credit Card Companies are evil alright!...there are not your Friends..and are only interested to milk as much cash from you as possible....we all should only pay cash for everything...

mastermoneystar (November 30, 1999 at 12:00 am)

MarquisdeLafayett....lol...yea, I know what you mean...My best Friend maxed out all of his credit cards also....he got himself all kinds of dvd's and books on amazon and he went to Vienna Austria on vacation for 1 month and spend 12.000.- with his credit...he even rented a Ferrari there and had way 2 much "free" fun..lol....he is not planning on paying them back.....

jaysmic24 (November 30, 1999 at 12:00 am)

so true..i started paying off 3x minimum few months ago on a CC and the minimum went down to a rediculous 10$/ mnth..YOU CANT EVEN BUY A LATTE WITH THAT! they want to slowly bleed the payments out of u its more profitable for them!!!

cityprof (November 30, 1999 at 12:00 am)

What a load of crap. I had a $25,000 balance transfer at 4% interest per year with an automatic monthly payment of $450.00 per month. I've paid down $8,000 already. Now Chase wants to increase my monthly payment to $900.00 because they can't raise the interest rate. This is an impossible situation for me. I'm livid. I'm filing a complaint with the FTC. A lot of good that will do since what Chase is doing is entirely legal. Still, I suggest that everyone complain to the FTC. It's bait & switch.

solarisgalrocks (November 30, 1999 at 12:00 am)

LOL @ marquis!

solarisgalrocks (November 30, 1999 at 12:00 am)

liar liar, pants on fire. They increase your minimum payments AND raise your interest to 29.99% which they can easily do. Why do people like to lie? Stop lying to us already!

MarquisdeLafayett (November 30, 1999 at 12:00 am)

go ahead , hike my rates , i stopped paying my credit card after maxing it out . and you the card companies can't do jack to me because it's UNSECURED DEBT haha , thanks for the free money ... oh and my credit score that you warn me will go down , what good is it now eh ? the market is in FLAMES , credit is about to go out the door for the next decade ... thanks for the xbox360 visa!

xvirg (November 30, 1999 at 12:00 am)

Years later now, has this policy of increased minimum payments had any affect on the overall debt we carry? Probably not. I would argue that the overall credit card debt has increased and will continue to increase regardless of any changes, either legally binding or voluntarily, the banking industry makes.

CREDITCARDSUPERDEAL (November 30, 1999 at 12:00 am)

Do you have a credit card?