Thursday, April 30, 2009

Hope That You Didn't Need That Credit Card

Because Congress is planning on cutting your credit limit. That's going to be the primary effect of the “credit card bill of rights”.

I'm no fan of credit cards, and know from personal (bad) experience that once you fall into this trap, it's a bear to get out of. Still, we would all be better served to be allowed to manage our own finances like grownups, without Congress cutting our credit to “saving us from ourselves”.