Citibank shows credit card holders need protection : "Months before a law takes effect that cracks down on abuses by credit card issuers, the bank increases interest rates to almost 30% on customers who pay their bills on time."
I don't understand, what's the big deal. Debt is like drugs .......... Just Say No!
Seriously, I guess I can't fathom how addicted the American public is to debt. I can't believe that all the people I see at the checkout counter using credit cards are unable to afford their purchase. There must be some mistake. But then again, I seem to be the only person in beautiful downtown Durham who pays in cash for everything. Sometimes I feel lonely and foolish reaching into my pocket, pulling out the cheap green paper and alloy coins to pay for goods at Target. But they take it, put it in the till and politely ask me if I want to sign up for a Target Credit Card. Go figure.
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