http://www.tracydavidson.com/new-credit-card-rules-double-standard/ Consumer Reporter Thu, 26 Jan 2012 16:33:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.tracydavidson.com/new-credit-card-rules-double-standard/comment-page-1/#comment-1140 Bruce Williamson Mon, 22 Feb 2010 14:58:14 +0000 http://www.tracydavidson.com/?p=9274#comment-1140 IMHO the new rules didn't go far enough. It should have frozen the interest rates. Now everyone's cards are at a 20+% interest rate. So, how did this help CC users? Their rate went up in some cases doubled causing them to pay more. So now instead of paying off your debit in 10 years it will take 20 (which is not the case with me). IMHO the new rules didn’t go far enough. It should have frozen the interest rates. Now everyone’s cards are at a 20+% interest rate. So, how did this help CC users? Their rate went up in some cases doubled causing them to pay more. So now instead of paying off your debit in 10 years it will take 20 (which is not the case with me).

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