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Originally Posted by After Shock Media
Anyways it was not to far back when the credit industry got certain laws changed that were in place since nearly the dawn of laws. Not that long after we had a nation living off of credit and in debt.
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Exactly. They pushed credit cards on every young person for years. Then the economy changes and they pull in the credit from some, raise rates, try and get as much now as they can to offset bankruptcys I suppose. It's legal I suppose. But it hurts the economy big time.
The easy credit card years were great for the country and economy but "it's time to pay the piper". And business sucks all round.
Have you heard Walmart's new slogan on their tv commercials? It's something like, [paraphrased] "Walmart, shop with us, save money and live a better life."
It's a sad state when folks have to crimp to save $5-10 or whatever and that small savings will then help them live a better life.
It's like WTF? But fact is even Walmart raised from about 16% to over 21% about a monmth back.
If even Walmart has turned into a shark God help this country. At least they used to give folks a reasonable rate.