Quote:
Originally Posted by Fire
I really hate government intervention in private business but they might have to do something about this credit card debt or it will be the responsible people that are going to have to pay for it later.
If I was the government I would:
- enforce a mandatory minimum monthly payment of 10%.
- limit the max amount of credit someone can obtain based on their income.
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How about the credit cards lower their ridiculous high interest rates. I don't know where I heard this but I thought the government was looking at forcing credit cards companies to lower their interest rates. Anyone else recall this?