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Cassie · 08-15-2003, 11:11 AM

this is what i heard through the grapevine and it's fairly old news so please forgive me if i am not exact on the details.

forever and ever more consumers were allowed to include cc debt in their reports when filing bankruptcy. the credit card companies were losing millions (or so i was told) due to the inclusion. at the beginning of this year (or maybe the very latter part of last yr), the cc companies addressed the govt regarding this problem.

now long story short from what i was told, the deal was that consumers were no longer allowed to include cc debt when filing for bankruptcy and as a part of that deal, with the current administration being as high and mighty, in the name of god, as they are, stated that visa/mc had to crack down hard on the adult business.

i could be wrong with this cause my memory of this is foggy but i don't think i am too far off base. this was not a big deal at the time and was basically a deal what was swept under the carpet quickly so that no notice was taken.

i am sure if you search for this information online, you will come up with something about this situation. so yes the current admin has played a large part in this situation and it only makes a whole lot of sense seeing that bush is a bible bopper, he wants to pretty much ban same sex unions and so forth.

it's no wonder his kids drink!

08-15-2003, 11:11 AM
Cassie Confirmed User Join Date: Mar 2003 Location: NJ Posts: 3,139	this is what i heard through the grapevine and it's fairly old news so please forgive me if i am not exact on the details. forever and ever more consumers were allowed to include cc debt in their reports when filing bankruptcy. the credit card companies were losing millions (or so i was told) due to the inclusion. at the beginning of this year (or maybe the very latter part of last yr), the cc companies addressed the govt regarding this problem. now long story short from what i was told, the deal was that consumers were no longer allowed to include cc debt when filing for bankruptcy and as a part of that deal, with the current administration being as high and mighty, in the name of god, as they are, stated that visa/mc had to crack down hard on the adult business. i could be wrong with this cause my memory of this is foggy but i don't think i am too far off base. this was not a big deal at the time and was basically a deal what was swept under the carpet quickly so that no notice was taken. i am sure if you search for this information online, you will come up with something about this situation. so yes the current admin has played a large part in this situation and it only makes a whole lot of sense seeing that bush is a bible bopper, he wants to pretty much ban same sex unions and so forth. it's no wonder his kids drink! __________________ ICQ: 309756847 ]