2
- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Dems are financially retarded. Want to impose 10% cap on credit card interest rates
Posted on 11/9/26 at 7:12 pm to stout
Posted on 11/9/26 at 7:12 pm to stout
quote:
The bottom 30% (subprime) will lose their credit card access immediately
So curbing irresponsible spending is a bad thing now.
Are we mad that predatory practices can’t take thrive on the bottom 30%…?
This post was edited on 11/9/26 at 7:12 pm
Posted on 11/9/26 at 7:15 pm to AGGIES
You aren’t curbing irresponsible buying you are enabling it by artificially lowering rates. I get why they are doing it but that doesn’t mean it isn’t further facilitating further debt by lowering minimum payments
Posted on 11/9/26 at 7:15 pm to AGGIES
quote:
So curbing irresponsible spending is a bad thing now.
What a simpleton take but not shocking coming from you.
Not all CC spending is irresponsible. In fact, a lot of it is the opposite
Many families use CC in emergencies. Car needs new tires? Charge it and pay monthly because they can't afford them otherwise. Same thing for emergency hospital bills
quote:
Are we mad that predatory practices can’t take thrive on the bottom 30%…?
So dumb. A CC is voluntary and already very regulated so as not to veer into predatory territory like payday loans or something.
Posted on 11/9/26 at 7:19 pm to Drizzt
Those DemCommies are racists!
Posted on 11/9/26 at 7:20 pm to stout
Only financially?!?! These petulant little kids whose parents never disciplined them, so now they don't understand the first thing about actions having consequences.
Some on here voted for that, so onward ho!
Some on here voted for that, so onward ho!
Posted on 11/9/26 at 7:21 pm to stout
ABA did a study on this.
159 million Americans could lose access to credit under 10% credit card rate cap
159 million Americans could lose access to credit under 10% credit card rate cap
Posted on 11/9/26 at 7:22 pm to stout
Aggies first reaction on any topic is her emotions, if her emotions justify her opinion then it is just, if they don’t then it is wrong.
Posted on 11/9/26 at 7:38 pm to stout
Let them impose that. Then laugh when the dregs cry that they can't get a cc
Posted on 11/9/26 at 7:53 pm to Rip Torner
quote:
You aren’t curbing irresponsible buying you are enabling it by artificially lowering rates. I get why they are doing it but that doesn’t mean it isn’t further facilitating further debt by lowering minimum payments
Lowering the minimum payments could work out for the CC lenders long term. At least with the crowd who only make their minimum payment.
With lowered minimum, the debt stands longer, for that type of consumer. What they lose in the upfront, they can still make back over a now longer duration.
This post was edited on 11/9/26 at 7:53 pm
Posted on 11/9/26 at 8:21 pm to Powerman
quote:
And it would completely shut the door on young people just starting out that need to establish credit
I added my children onto my credit card accounts as authorized users as soon as I could. I never gave them the cards in their name and they never knew. All three of them have credit scores over 800 and they've never applied for a loan, car or credit card.
But I'm not a degenerate piece of shite that doesn't pay his bills.
Posted on 11/9/26 at 8:30 pm to LemmyLives
quote:
An event like going to Cancun instead of paying down your debt? "Work with those" just means the company creates losses to write down debt.
Not at all. An event like job loss or illness. Depending on severity, it can be a couple of months to several years with rates as low as 0%. It is called "hardship" and the rules are strict if not followed. It is generally a win win for both parties.
Posted on 11/9/26 at 8:36 pm to stout
People that cant get credit will get more handouts.
Posted on 11/9/26 at 8:41 pm to jlnoles79
quote:
Anna Paulina Luna and AOC filed a bill last year to cap rates at 10%
Huh? Well let's do it if those financial whiz kids say so!
This is just another price control because interest is just the price of renting money you don't have.
Pile on more giveaways!
solid
true
conservative
principles
Posted on 11/9/26 at 8:43 pm to stout
I’m fine with it.
Both biblically and financially it’s usury.
Both biblically and financially it’s usury.
Posted on 11/9/26 at 8:45 pm to stout
Between this dumbass idea and jacking with the way insurance companies evaluate risk, these shitbirds plan to bring down the whole system.
I guess thats their plan.
We gonna be drug to the bottom and held there by people that 150 years ago wouldnt have been allowed to leave the village they were born in.
I guess thats their plan.
We gonna be drug to the bottom and held there by people that 150 years ago wouldnt have been allowed to leave the village they were born in.
Posted on 11/9/26 at 8:49 pm to CaptainJ47
quote:
Oh without a doubt. Or alternatively the lenders will create an alternate vehicle. They won’t let that revenue or income be lost. They will come up with something as collateral or call them all lines of credit vs credit cards.
Some already do this, just charge a large annual fee, or monthly fees to keep the card open.
You could think of the large annual fee as a collertal or something like a secured card where the borrower needs to put X in the bank in case the card gets shut down due to non payment. The bank's loss is at a minimum because they had to keep 75% or 50% of the card limit in a savings account, plus all the fees not including interest have yielded a profit for the bank.
I could support a 10% interest cap on all loans. There are some pretty shady lenders out there that entrap you with interest rates higher than the mob and do it legally because some states do not have caps on interest.
Posted on 11/9/26 at 8:49 pm to stout
It's dumb, but it's no dumber than the very-popular-with-MAGA nonsense of making colleges financially responsible for loans that students take out.
Posted on 11/9/26 at 9:08 pm to stout
Dem solutions to problems go like this:
We have a homeless problem. Dems:”housing is unaffordable”. “Give the homeless houses”
We have a college debt problem. Dems:”cancel student debt”
We have an education problem. Kids are failing everywhere. Dems: “ban traditional grading” “no child left behind!”
It’s like predicting what your 8 year old child would do.
We have a homeless problem. Dems:”housing is unaffordable”. “Give the homeless houses”
We have a college debt problem. Dems:”cancel student debt”
We have an education problem. Kids are failing everywhere. Dems: “ban traditional grading” “no child left behind!”
It’s like predicting what your 8 year old child would do.
Posted on 11/9/26 at 9:21 pm to Stat M Repairman
quote:All in the name of "fairness".
We gonna be drug to the bottom and held there by people that 150 years ago wouldnt have been allowed to leave the village they were born in.
Posted on 11/9/26 at 9:23 pm to Gifman
quote:Giving people "free" (to them) stuff has never led them to become more responsible.
Dem solutions to problems go like this:
We have a homeless problem. Dems:”housing is unaffordable”. “Give the homeless houses”
We have a college debt problem. Dems:”cancel student debt”
We have an education problem. Kids are failing everywhere. Dems: “ban traditional grading” “no child left behind!”
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News