Community Chat

[Greeneyedlady21]

I am a very responsible person, however circumstances in life beyond my control happened. Always had low balances and an excellent credit score.

I was the caregiver for my Mom who passed away from cancer, did that for over three years. Two siblings who did nothing. I lost over three years of personal income because of that, would still do it all over again for my Mom.

.

Since then I have worked three jobs at different times, now it's two because I have one job that's better and pays more. One of of my siblings who is a horrible person is the reason that I can't sell my parents home four years later now.

I'm hard working and responsible, my credit card debt is what it is because of four years of high property taxes that I shouldn't have to be paying and I can't afford to just write a check. I'm not out buying expensive clothing, handbags, jewelry, cars, electronics , or anything else. I treat myself once in a while because I work for it.

Try not stereotyping people and try empathy, judge not lest you be judged. You never know someone else's life circumstances, and one day the same could happen to you.

I am loathe to post anything about my personal financial situation because of some judgemental and gossipy people here. But I'm so sick of the stereotyping and tunnel vision and lack of empathy.

[RetRN]

My, my, my the elite group of experts are chiming in I see.

Of course, they are fooling no one. I'm sure they are reporting others.

Best to ignore.

[willomenia]

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@Love to Run wrote:

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@willomenia wrote:

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@Lakelife62 wrote:

This is a prime example of the government working for the little people. Excessive late fees impact 45 million people every year. If you are one day late making your payment, credit card companies charge $35-$45. They are making billions and it's a huge rip off of the public.

I love how the peeps whine about the government being involved until it comes to their social security, medicare and the price of eggs and cat food. Then it's a catastrophe and someone needs to "step in". Anyone complaining about the government cap on insulin costs? That big  pharma will raise their prices somewhere else?

I guess when you get yours from the government it's a-ok. Anybody else can go fly a kite.

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Comparing food fees, which everyone needs food, to credit card fees, which nobody needs just has, is totally ridiculous,. This is just a ploy for the present government to get poor people votes. Smarten up America!

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@willomenia Some poor people actually use their credit cards to purchase food and medicine. As for baiting voters, the same could be said for Covid relief checks. Let's agree to follow the rules and leave politics out of this.

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no lets not, this is what its all about . and if your true on people using credit cards for food, then the answer is lowering the interest rate, not late fees. wake up and stop being so naive

[Trinity11]

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@Greeneyedlady21 wrote:

I am a very responsible person, however circumstances in life beyond my control happened. Always had low balances and an excellent credit score.

I was the caregiver for my Mom who passed away from cancer, did that for over three years. Two siblings who did nothing. I lost over three years of personal income because of that, would still do it all over again for my Mom.

.

Since then I have worked three jobs at different times, now it's two because I have one job that's better and pays more. One of of my siblings who is a horrible person is the reason that I can't sell my parents home four years later now.

I'm hard working and responsible, my credit card debt is what it is because of four years of high property taxes that I shouldn't have to be paying and I can't afford to just write a check. I'm not out buying expensive clothing, handbags, jewelry, cars, electronics , or anything else. I treat myself once in a while because I work for it.

Try not stereotyping people and try empathy, judge not lest you be judged. You never know someone else's life circumstances, and one day the same could happen to you.

I am loathe to post anything about my personal financial situation because of some judgemental and gossipy people here. But I'm so sick of the stereotyping and tunnel vision and lack of empathy.

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(((((((((((((((((((((((((((((((((Greeneyedlady21))))))))))))))))))))))))))))))))))

[Love to Run]

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@willomenia wrote:

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@Love to Run wrote:

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@willomenia wrote:

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@Lakelife62 wrote:

This is a prime example of the government working for the little people. Excessive late fees impact 45 million people every year. If you are one day late making your payment, credit card companies charge $35-$45. They are making billions and it's a huge rip off of the public.

I love how the peeps whine about the government being involved until it comes to their social security, medicare and the price of eggs and cat food. Then it's a catastrophe and someone needs to "step in". Anyone complaining about the government cap on insulin costs? That big  pharma will raise their prices somewhere else?

I guess when you get yours from the government it's a-ok. Anybody else can go fly a kite.

---

Comparing food fees, which everyone needs food, to credit card fees, which nobody needs just has, is totally ridiculous,. This is just a ploy for the present government to get poor people votes. Smarten up America!

---

@willomenia Some poor people actually use their credit cards to purchase food and medicine. As for baiting voters, the same could be said for Covid relief checks. Let's agree to follow the rules and leave politics out of this.

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no lets not, this is what its all about . and if your true on people using credit cards for food, then the answer is lowering the interest rate, not late fees. wake up and stop being so naive

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@willomenia I am fully awake and hardly naive. If you choose to break forum rules, your posts will be deleted. A little maturity goes a long way.

[Trinity11]

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@Love to Run wrote:

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@gardenman wrote:

The numbers in a January 11, 2024 CNN article show that 3.19% of credit card balances were 30 days late. 2.21% were 60 days late, and 1.52% were 90 days or more late. Credit card companies will cease to exist if their customers don't pay them back. If a customer buys something on their credit card that costs $1,000, that $1,000 goes to the seller right away. The credit card company assumes you'll repay the loan with interest. If enough people don't repay, the credit card company will run out of money and be gone.

Those who do pay on time have to make up for those who don't making their costs higher. A smaller cap on late fees will just push more costs to those who pay on time and exhibit good financial behavior while letting those who don't exhibit good behavior face lower costs. I'm not sure how people think that's fair, but whatever. Do right and we'll punish you, do wrong and we'll reward you, may not be the ideal message to be sending.

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@gardenman How can those fees be "pushed" on to "responsible" people? I'm responsible, so I pay my CC bill balance in full. I don't pay interest. If everyone did like me they'd be fine. Oh wait, everyone can't do that. I guess they just aren't responsible enough.

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I am still trying to figure the logic that I am being persecuted for paying bills on time? Where on earth did that poster come up with that fantasy @Love to Run ?🙄

[Love to Run]

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@Trinity11 wrote:

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@Love to Run wrote:

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@gardenman wrote:

The numbers in a January 11, 2024 CNN article show that 3.19% of credit card balances were 30 days late. 2.21% were 60 days late, and 1.52% were 90 days or more late. Credit card companies will cease to exist if their customers don't pay them back. If a customer buys something on their credit card that costs $1,000, that $1,000 goes to the seller right away. The credit card company assumes you'll repay the loan with interest. If enough people don't repay, the credit card company will run out of money and be gone.

Those who do pay on time have to make up for those who don't making their costs higher. A smaller cap on late fees will just push more costs to those who pay on time and exhibit good financial behavior while letting those who don't exhibit good behavior face lower costs. I'm not sure how people think that's fair, but whatever. Do right and we'll punish you, do wrong and we'll reward you, may not be the ideal message to be sending.

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@gardenman How can those fees be "pushed" on to "responsible" people? I'm responsible, so I pay my CC bill balance in full. I don't pay interest. If everyone did like me they'd be fine. Oh wait, everyone can't do that. I guess they just aren't responsible enough.

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I am still trying to figure the logic that I am being persecuted for paying bills on time? Where on earth did that poster come up with that fantasy @Love to Run ?🙄

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@Trinity11 Oh the mental gymnastics some will perform to align with corporate greed 🤷‍♀️

[Rockycoast]

Very Happy to see this rule come to being. Much needed policy.  Now, lets see a Windfall profits tax on oil/fuel companies!

[Mz iMac]

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@monicakm wrote:

What did the late fee used to be?

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@monicakm   Scroll way up to @Lakelife62 03-06-2024 06:59 AM post for the answer.

[willomenia]

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@Love to Run wrote:

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@willomenia wrote:

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@Love to Run wrote:

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@willomenia wrote:

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@Lakelife62 wrote:

This is a prime example of the government working for the little people. Excessive late fees impact 45 million people every year. If you are one day late making your payment, credit card companies charge $35-$45. They are making billions and it's a huge rip off of the public.

I love how the peeps whine about the government being involved until it comes to their social security, medicare and the price of eggs and cat food. Then it's a catastrophe and someone needs to "step in". Anyone complaining about the government cap on insulin costs? That big  pharma will raise their prices somewhere else?

I guess when you get yours from the government it's a-ok. Anybody else can go fly a kite.

---

Comparing food fees, which everyone needs food, to credit card fees, which nobody needs just has, is totally ridiculous,. This is just a ploy for the present government to get poor people votes. Smarten up America!

---

@willomenia Some poor people actually use their credit cards to purchase food and medicine. As for baiting voters, the same could be said for Covid relief checks. Let's agree to follow the rules and leave politics out of this.

---

no lets not, this is what its all about . and if your true on people using credit cards for food, then the answer is lowering the interest rate, not late fees. wake up and stop being so naive

---

@willomenia I am fully awake and hardly naive. If you choose to break forum rules, your posts will be deleted. A little maturity goes a long way.

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Are you the  forum police? Stop being so yes, naive