Re: Can playing covers get you sued?

I don't have a problem with credit card companies giving high risk people credit at higher interest rates, I do have a problem with them encouraging those people to charge everything, and run up lots of debt.

I just don't know how to reason with irrational people. I'll never change your mind, I know, but I'll respond to you anyway. They are in the business of extending credit. They make money on the interest they charge. They won't make money if people don't use their cards. What in hell do you expect them to do, encourage people not to use their cards? Jesus! What is non-obvious about that?!

I have a problem with them charging such exorbitant interest rates that the interest is what takes the debt over the top and produces problems for many people who would not have problems paying off their debt if the interest rate was lower.

The credit card user has no idea that they have to repay their debt, and that there's interest being charged, right? The credit card companies aren't providers of credit at all, they're just providers of free money!

I also have a problem with them using their political power to change the bankruptcy laws so that many of those who really need debt relief cannot get it.

Cite, please. Which persons, who really need debt relief, cannot get it. And, godammit, don't pull your usual chicken*** routine of responding to my question with another question.

I think it would be fairly easy to look at what a person buys with credit cards and decide who is financing a frivolous lifestyle and who is just trying to survive. Why not set things up so bankruptcy courts can make those judgements?

That is the way it's set up now. Tell me how people who are just trying to survive can't get bankruptcy relief.
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