Travis Plunkett
Travis Plunkett
virtually
What we have right now is exceedingly weak. It's virtually worthless.
good late pay paying possible
It is possible some could read this and say, 'they're encouraging me to pay late,' ... Paying late is never a good deal.
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People are just fed up with the approach that the large credit-card issuers have taken over the past five years. They're fed up with an increasing number of traps and tricks. They're tired of being hit with a fee every time they blink.
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Rent is often the largest chunk of a family's monthly budget. So the concern would be that these families would be tempted to use money they don't have by putting it on plastic.
companies flooded gradually guidance time until waited
Most issuers waited until at least mid-2005 or later. Credit-card companies should have started implementing this guidance a long time ago. They should have done so very gradually ... That hasn't happened. But we haven't been flooded with complaints, either.
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We don't want this credit counseling requirement to be yet another hurdle that consumers who really need bankruptcy relief have to jump over to get it,
absolutely devoted five greater hear last mergers pointed promises proof resources result three
What we have pointed out is that we often hear promises of greater resources devoted to R&D (as a result of a merger), but there is absolutely no proof that in the mergers over the last three to five years that that has occurred.
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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.
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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.
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What the credit bureaus are most interested in is gaining market share in the increasingly lucrative market for credit scores.
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shouldn't have to jump through hoops to get bankruptcy relief.
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Credit card lenders are luring consumers onto a minimum-payment treadmill. Consumers don't have the information they need to get off of it.
people prefer telephone
Some people prefer telephone counseling. Some people prefer in-person counseling.
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They've done nothing, absolutely nothing. The credit card industry has an enormous amount of power in Washington. They bottle these bills up.