More Credit Card Industry Shenanigans involving WHAT YOU USE YOUR CREDIT CARD FOR! HOW DARE YOU PURCHASE FROM A THRIFT STORE!

You need to just give up and roll over, that appears to be the Barack Obama way. How dare you try and save money by purchasing from a thrift store, you obviously need to be red flagged and condemned.

Remember, there are no death panels in the Barack Obama administration, but there appear to be reassessment panels that decide if you are worthy of respect or not. Yes, we have another decider in the white house, a decider of health care who blew off his own dying mother in Hawaii so he could travel to Bali to finish writing his tribute book to his deadbeat, sperm donor father.

Oh, wait, someone may protest, you can't blame Barack Obama because credit card companies are punishing people for trying to live within their means. Yes, we can, and yes, we should.

As long as Barack Obama pridefully views Jamie Dimon of Chase Bank as his favorite Wall Street Banker, Barack Obama can take responsibility for all of the evil and UNNECESSARY TACTICS the Credit Card Companies are spewing onto the american consumer.

I am not against the credit card companies using SOME data profiling to determine cost risk analysis. For instance, people who run up credit card bills in bars and strip joints are more likely to default on their credit card account. However, to apply that same measuring cup to someone who is buying from a thrift store is insulting, and discriminatory. As a consumer aptly pointed out, buying from a thrift store enables them to balance their overall budget.

Barack Obama seems intent on fixing the pain others have allegedly cost even as he stands idly by while his wall street credit card buddies create their own brand of pain. One area that credit card companies refused to explore, and one that is so necessary at this point in time, is credit card debt reductioning. Credit card companies are shutting down credit to people ovenight.

If someone pays down their credit card bill 150 dollars, let them respend 50 bucks of it for small purchases. This is such an obvious, obvious solution to the current credit card debt problems that is purposely being ignored by the banks, why, I don't know.

Again, this gets into an area of incentivizing credit card debt paydowns. Even as companies like Chase Bank unfairly put the screws to their own credit card customers by NOT offering credit card paydown incentives, they do continue to offer new customer incentives to lure them into the same traps they have in place for existing customers.

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.

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 !!!

(For the most current DailyPUMA article, please click here)

Update Oct. 18, 2017. Please have NO MERCY for credit card companies. Credit Card Companies get to charge interest rates that are 400% to 500% more than a typical mortgage rate because their debt is allegedly unsecured, but if a credit card borrower cannot pay their minimum payment every month, the alleged unsecured debt is then SECURED in court! This is one of the all time outrageous Financial Terrorism stunts ever perpetrated on the American People. 

Worse still, the 2% monthly minimum payment is credit card crack, designed to lure unsuspecting credit card customers into tens of thousands of dollars of debt before the customer realizes they will never be able to pay off their debt. 

If Credit Card Companies, from the first time a credit card customer was allowed to use a credit card, required a 5% or 10% monthly minimum payment, Very few customers would go into debt that they cannot afford to pay back. 

Instead Credit Card Customers are lured by the 2% monthly minimum payment into eventual credit card debt they will never be able to pay back, but the credit card is unsecured, so too bad for the credit card company??? WRONG! The credit card debt is then magically changed to a secured credit card debt by a Judge! Now the Credit Card Customer has to pay the newly secured Credit Card Debt as if it were a mortgage, meaning now the Credit Card Company can take a debtor's house after charging the Customer 500% more in interest than a mortgage. 

This is the very definition of Financial Terrorism.  (End of Oct. 18, 2017 update).

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?

daily-protest.com

bloggersagainstchasebank.com

consumeraffairs.com - LAND OF 1,000 LETTERS OF COMPLAINTS IN LESS THAN SIX MONTHS

2nd update Oct. 18, 2017 This article was first written 8 years ago, before social media had really taken hold. It is now DailyPUMA's opinion that LAWYERS are needed to end the Financial Terrorism that is far more damaging and crippling than anyone cares to admit to and the real reason our economy remains in a stagnant mode. (End of Second Update.)

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.

Princess Leia (Ear Model as Well) Wants a Tea Party War Against the Credit Card Companies, NOT a Republican vs Democrat waste of energy debate.

This YouTube personality gets it, how about you? The Credit Card Companies are destroying the economy while positioning themselves to STEAL your assets.

When Oprah Winfrey, who has attempted to build her legacy by nurturing the public's spirituality, offers four FREE KFC Chicken Grill coupons but does NOTHING to protest what the credit card companies are doing to the american people, you know we are in trouble.

STOCK MARKET'S RECENT RISE MAY HAVE BEEN MANIPULATED BY WISHFUL THINKING OR INVESTORS WHO BOUGHT IN, NEITHER SCENARIO SEEMS CONCERNED ABOUT REALITY.

The link below goes to an article about how the stock market rise may have been wishful thinking by those who desire AND require the stock market to go up.  It appears to me that some people want the stock market to recover even while ignoring all the suffering that is going on specifically caused by unreasonable credit card company actions.

Why is it important for the stock market to somehow rise while credit card companies are charging 30% interest on their credit card lines?  More importantly, HOW can the stock market rise if people's productivity is robbed by these outrageous credit card interest rates that suck out all of the spending money people would otherwise have to buy goods and services in their own community?

Link to the Stock Market's deceitful ways.

Happy Mothers Day Greetings Card, Courtesy of the Credit Card Companies, because we took all of your families spare change.

If your kids are busy sweating the details on how to meet their monthly payment deadlines which may include hefty increases on the interest rates for all of their credit card debt, I'm sure they still send their love, even if they couldn't afford flowers this year.  Happy Mothers Day.

-The Credit Card Companies.

WILL RALPH NADER be at the APRIL 23, 2009 WHITE HOUSE MEETING WITH THE CREDIT CARD INDUSTRY?

Change in Terms.com is reporting that the white house has planned a credit card company get together at the white house this April 23, 2009.

Apparently all the big players will be represented, Chase, Citibank, Capital One, Bank of America, American Express and so on.

Will Ralph Nader be at the APRIL 23, 2009 White House meeting with the credit card industry?

Or, will this meeting on April 23, 2009 be to spin recent Banking Industry quarterly reports into some kind of fantasy that all is well?

If the White House meeting on April 23, 2009 with credit card industry personnel does not include consumer advocates, also known as an outsider "team of rivals", then what is the point of the meeting?

This may actually be Barack Obama's first real test in office. Is Barack Obama willing to partner with actual consumer gadflies when he has his Credit Card Meeting at the White House on April 23, 2009 with the suits that represent the credit card industry?

If you want to read about a solid idea that would help the consumer, the economy and the credit card companies, check out Credit-Card-Cap.com (page-3 Solutions)