Travis Plunkett
Travis Plunkett
card consumers credit information onto
Credit card lenders are luring consumers onto a minimum-payment treadmill. Consumers don't have the information they need to get off of it.
industry reaching
I think the credit-card industry is reaching a tipping point,
kindness west wild
It's kind of like the wild west out there.
virtually
What we have right now is exceedingly weak. It's virtually worthless.
ground hit people prison safety sink slip
We're going to see people in a debtor's prison without walls, ... They'll essentially slip through the safety net, hit the ground and then sink into an underground economy.
bankruptcy credit decided delivered early helpful late people point support whether wonder
We support credit counseling, especially if it's delivered early, and this is not early intervention. This is late intervention at the point where people have decided that bankruptcy is the only way for them. We just wonder whether this kind of late intervention will be helpful to too many people.