It's more of a debtor's honor farm, really

[substitute]

If you're just barely making the minimum payment on your credit cards, you're even more screwed than you thought you were before.

Comments

[satoribee.livejournal.com]

Yes, I get the feeling it's a large number, too.

I understand your thinking that the new regulation is good, but I can't help but feel the timing is pretty significant. It's going to drive those that are already just barely making it into a really bad situation.

On the plus side, this should happen before the midterm elections, so maybe the Dems will get the house/Senate back! But first, they need to figure out who the hell they are anymore, find their backbones, etc.

Ack - too early for politics. Sorry!