the screw

[frankensplean]

Not only are the financial institutions of America getting a colossal windfall from a megatax bailout sure to leave every unsheltered butthole in the US of A steaming red,
but they're also taking it to the people directly and all mafioso style.

exhibit A: Someone i know recently received a notice from Capital One indicating the APR on his or her

Comments

a CC rate cap.

[pat_man_ta]

if you read the fine print the credit issuer is probably located in Delaware.

I believe the cap, if there is any, is 29.99%

Re: a CC rate cap.

[frankensplean]

Ah, OK. i have historically misunderstood how this rate cap applies. i thought it was directed toward consumers. But it is in fact directed toward credit issuers who operate in-state?
Heh.
And Delaware doesn't have a cap, of course. ;)

[mals13]

dave gave his cc company a call today and they welcomed the opportunity to lower his interest rate...it couldn't hurt to give your cc co's a call and give it a shot, it's not like they're gonna raise your rate because you asked them to lower it, right?

[frankensplean]

i was indeed going to suggest to my friend in question that phone contact with an actual Capital One employee might yield a positive result. Although the pamphlet they sent said if you want to refuse to accept the rate hike, your account will be closed pending payment of outstanding balances.
It doesn't sound like they're too interested in keeping customers!

[overstim]

congress did in fact pass a credit card consumers bill of rights a month ago. It wasn't mana from heaven but it was pretty good and better than I would have expected. But it doesn't take effect until next year so the comanies are bending us over and doing us extra hard while they still can.

[quality617]

The Massachusetts law only applies to companies who are headquartered in Mass.

[frankensplean]

Aye, laddie, dawn finally broke over Marble Head.

[aarrrggghhh]

YEAH those fucking jit bags, I'm gonna get a TENT!! and go camping out in the woods for 10,000 years!! (or once I'm done with school at least 6 months and see how it improves life) seriously....

[frankensplean]

Under the radar, out of the "game" is the place to be, man. ;)

[aarrrggghhh]

yeah, perhaps, but really I miss the woods, and hiking and the cold mornings and getting back and enjoying food more and the liminal life of it all ALLOT! It's just I got to involoved which is pretty obviously bullshit and it's consuming my life at such a fast rate, that if I can't slow it down I need to really change it (the dramatic flux actually slows down mental time and really jars the memory into working. They say life gets faster when your older because you stop seeing, because you get so used to the flux. Anyone who "settles down" and gets into a totally repetitive pattern scares me, not for them, their free to do what they want, but to me mentally that is like 2 seconds or less away from death, and honestly I have been pretty unhappy in life and am not ready to die without learning more, trying to be happy and giving others insight into how to live better (and for myself). though its so easy to feel totally overwhelmed and consumed in this world if you try taking on the responsibility of it. or even trying to understand it.

[frankensplean]

You speak assertively about "mental time" and how it's affected by not seeing because "you get so used to the flux"... i am wondering what you may have read on the topic. i would enjoy reading it as well.
i've never been quite sure what i'm *supposed* to get out of life, so i embrace the natural honesty of nature and can thus sympathize with your call to the woods. That's much more genuine feeling than trying to accrue capital and other sundry bullshits.