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Thursday, July 9, 2009

CREDIT CARD COMPANY "ME FIRST" APPROACH CREATING MOUNTAINS OF PAPERWORK & COURT TIME FOR EVERY COUNTY IN THE US, BUT IT IS SO MUCH WORSE THAN THAT !!!

CLICK HERE TO SEE ARTICLE ABOUT ALL THE HIDDEN COSTS CREDIT CARD COMPANIES ARE EXPOSING THE COUNTRY TO.

The Associated Press recently researched bankruptcy rates in states that allow credit card companies to garnish the wages of their customers versus states that do not. The states that allow wages to be garnished by credit card companies have a MUCH HIGHER RATE OF BANKRUPTCY than the states that do not allow credit card companies to garnish wages.

The AP was able to compare two neighboring towns in bordering states with similar types of economies, one allowed garnishing of wages, one did not. The A.P. research uncovered a significantly higher bankruptcy rate in the town that allowed wages to be garnished by the credit card industry versus the town that did not. The much higher rate of Bankruptcy in wage garnishing states creates a chain reaction that would do a nuclear reaction proud.


Wage garnishing by the credit card industry leads to increased Bankruptcy resulting in more state services, from welfare to court services to housing, food, psychological and re-education. Bankrupt people both require more state services and are more likely to ask for financial assistance from their state government at a much greater level than those who are still trying to get by.

Credit Card Companies hit Garnished wage states in many ways. Not only do garnished states have MORE citizens NEEDING state services, they also have LESS PEOPLE remaining in the work force as well. Being bankrupted by a credit card company is not necessarily conducive to getting another job, so perhaps another approach is needed.
Some employers won't hire someone who has filed for bankruptcy.
The waged garnished states try to handle the overburden caused by increased personal bankruptcies by trying to raise taxes, this in turn draws the ire of the states citizens and small business owners still in business.

Tea party protests then spring up protesting both local and federal governments. These tea party protests result in attention being diverted away from the real agitator in this situation, the credit card companies and their scorched earth collection methods that create increased personal bankruptices in states that allow them to garnish wages.
Credit card companies are actually destroying the economy when they could be helping by offering INCENTIVES to people to pay down their debts rather than finding any excuse to punish them, (like forcing them into bankruptcy). What are you doing to help stop the credit card companies?



HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.

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