DEBT MANAGEMENT

Their excuse? “We can.” They are not breaking any laws. Their reason? “We’re special,” And actually, right there, they are telling the truth. They are special. The laws and regulations are tied up in a pretty green bow with dollar signs, just for them. When the president of a major credit card company, which is a profit leader of the big credit card companies, has a little party at his house for a few hundred of his closest friends, and they all just happen to bring their checkbooks and leave little love gifts for president, then I guess you can say that you are indeed special. America is the land of the free and the home of the brave; unfortunately, it is also the home of the advantaged and spoiled and special.

DO I want to put the kibosh on their deceptive practices? Yes, I do. And I state that up front and honestly. I don’t hide in the fine print and legalese. The credit card companies are in class by themselves when it comes to manipulating the terms of their contracts. In an interview for the PBS documentary, a famous personality has pointed out that the credit card industry is the only one able to run a business like this. Nobody signs screen TV unless you decide, in another month or two months that it should really be $3,600 or $4,200 or $4,800. But that’s precisely how credit card contracts are written today. Crazy contracts, yes. Crazy consumer, no. It’s time to play a new game called, let’s get a Better Rate.