Thursday, June 12, 2008

That would have helped...

I remember college amd I'm glad Obama understands how stupid we can be with credit cards. Of course, McCain does not connect on yet another Under Forty Issue...

"In 1998, McCain opposed a Democratic bid to require credit card companies to obtain information showing that borrowers under 21 could handle the debts they would likely incur if given cards. Obama also noted that McCain opposed a 2005 bill to require credit card companies to inform borrowers, on their monthly statements, that making only a minimum payment would increase the amount of interest paid and the time it would take to pay off the full balance."

Hey, when you marry up like McCain did (the second time) you wouldn't care either!

1 comments:

Harriet said...

That is one of my largest beefs with the credit cards companies... this on campus recruitment of debtors! Ridiculous!