Day 26 of the 30-day Blogging Challenge
By Staingirl Elle
Now, they’re at it again, and getting even more creative — but with your help, we can stop them cold!
Thanks to a huge outcry from American cardholders, the House just passed a bill to freeze interest rate hikes on your card balances, and give you new protections starting Dec. 1 — just in time for the holiday season. Now, we need the Senate to do the same!
Email your senators right now to stop the rate increases – we can’t afford to wait.
But instead, they’ve spent the time hitting you with new tricks — like a fee for paying off card balances each month. Or variable rate cards that only “vary” if interest rates increase, but don’t give you the full break if interest rates drop in your favor.
If the companies can retool their computers to accommodate these tricks, there’s no reason they can’t abide by the new rules right now. After the recent bipartisan House vote, we have real momentum to stop these abuses. Now the Senate must hear that we can’t afford the credit card company tactics, especially with the holidays approaching.
Tell your Senators to stop the rate increases and implement reforms NOW!
After you e-mail the Senate, please forward this to anyone you know who is fed up with these tactics. We have immense power when we band together — let’s put the pressure on now!
Sincerely,
Jim Guest
President, Consumers Union
Thanks Elle!