Comments on: Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out. http://getoutofdebt.org/3007/banks-agree-to-wipe-out-up-to-40-percent-of-credit-card-debt-but-watch-out Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Sun, 12 Feb 2012 06:45:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ethan http://getoutofdebt.org/3007/banks-agree-to-wipe-out-up-to-40-percent-of-credit-card-debt-but-watch-out#comment-93724 Ethan Fri, 10 Feb 2012 09:43:00 +0000 http://getoutofdebt.org/?p=3007#comment-93724 Do you know if there are any similar trends in Hong Kong? Do you know if there are any similar trends in Hong Kong?

]]> By: Vinicent Holland http://getoutofdebt.org/3007/banks-agree-to-wipe-out-up-to-40-percent-of-credit-card-debt-but-watch-out#comment-14171 Vinicent Holland Mon, 03 Aug 2009 01:13:19 +0000 http://getoutofdebt.org/?p=3007#comment-14171 I am trying to create revenue streams online and have used credit cards to pay for advertising and what not. Reading your articles has helped clear up alot of questions and also draw attention to potential pitfalls down the road with expectations of any kind of help from the banks. Knowing that the overall environment is somewhat hostile towards consumers, I would continue to lean towards the banks doing whatever they can to limit credit card balances to protect themselves from defaults. I know they are also going to be opportunists whenever they can such as if you make a late payment. They will be raising your interest rates as fast and as high as they can to collect as much money for them just in case you default or continue to have late payments. Talk about create pain for consumers. IN a time when we are trying to recover economically, the ones who would do the most for the economy, the spenders and buyers, are remaining cash strapped and credit maxed. Seems more sense would have been to help the conusmer with credit card debt relief then to help the banks directly. The banks don't tend to be as helpful to people in need and tighten up on loans and credit during times like these whereas people who would have received payoffs on credit cards would be kinder to the economy and go shopping and make purchases that would stimulate the economy AND help banks as they would get new balances to charge interest on. I would have like to seen the other end of the stick get the hand rather than the banks. Banks histories preceed them and they are historically difficult to deal with when consumers really need loans and credit. Go with the people. We would always be willing to spend to help our country. Can the banks say the same? V.Holland aka CHRONIC PAIN HERO I am trying to create revenue streams online and have used credit cards to pay for advertising and what not. Reading your articles has helped clear up alot of questions and also draw attention to potential pitfalls down the road with expectations of any kind of help from the banks. Knowing that the overall environment is somewhat hostile towards consumers, I would continue to lean towards the banks doing whatever they can to limit credit card balances to protect themselves from defaults. I know they are also going to be opportunists whenever they can such as if you make a late payment. They will be raising your interest rates as fast and as high as they can to collect as much money for them just in case you default or continue to have late payments.

Talk about create pain for consumers. IN a time when we are trying to recover economically, the ones who would do the most for the economy, the spenders and buyers, are remaining cash strapped and credit maxed. Seems more sense would have been to help the conusmer with credit card debt relief then to help the banks directly. The banks don’t tend to be as helpful to people in need and tighten up on loans and credit during times like these whereas people who would have received payoffs on credit cards would be kinder to the economy and go shopping and make purchases that would stimulate the economy AND help banks as they would get new balances to charge interest on.

I would have like to seen the other end of the stick get the hand rather than the banks. Banks histories preceed them and they are historically difficult to deal with when consumers really need loans and credit. Go with the people. We would always be willing to spend to help our country. Can the banks say the same?

V.Holland aka CHRONIC PAIN HERO

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