Quote:
Originally Posted by IllTestYourGirls
Dont get me wrong. I think the terms are unfair. That is why I refuse to get a credit card. If I really needed money I would go to a bank and get a personal loan.
I have a problem with the government telling companies have to run things. I am amazed that anyone in this business would be happy about the government moving into a company and telling them how to run things, on what terms, and so on.
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I understand what you are saying and I agree with that 90% of the time or better. The thing I have a problem with is when one company's unfair policies affect several others down the line. Card A affects card B and that in turn hurts my business and also affects the chain in which my business relies on.
Consumer's have rights too and I need consumers. With almost all "things", there are lines drawn in the sand. I think that line has been crossed for some time now and it's time to correct that. The bottom line is that the CC's are hurting everyone, including themselves (as one poster mentioned), in the process.
I don't want to see the gov. stick it's hand into how businesses operate, but if a segment of business can have such a ripple effect due to it's underhanded policies, I think something should be done. To me, intervening in this situation is as allowable as intervening with a monopoly that gouges, etc...
But again, I understand your point and agree with it (for the most part). I just see this instance as an instance that warrants action.