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Author: johnnstace Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308367  
Subject: Re: Credit Card Consumers Bill of Rights Date: 6/13/2000 12:20 PM
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As for the rest, government should not interfere with privet business unless force or fraud is found. The credit business has every right to dictate policy concerning approval, rates, fees and credit limits. If you do not like it, don't use their credit card.

There should be only one bill of rights. It is the one attached to our constitution


I completely agree. I have read this whole thread and it sounds like more government to protect the stupid and lazy.

Credit cards are a quick loan. Unsecured and risky to the lender. No one is forcing anyone into using them or maintaning a balance. It is a personal choice. The last thing we need is the goverment to tell us and the companies what they can and can't do.

The one statement about students not being able to get a card without income is absured. These are adults. They can vote, they can die in a war even though they do not want to be there. They can drive a 2 ton piece of steel at velocities at 117 feet/second without questioning their ability to pay for gas. Why can't they be responsable to owe someone money?

There is a a saying that goes something like freedom is a very dangerous thing to those who like to be controlled.

Like bstroh and others I read my mail and learn about the contracts I have engaged in or are about to engage in and make my decisions based upon this. If I make a bad one I do not expect anyone to help me out of it and I expect others to be the same way.


john
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