Defenders of Credit Issuers

Everything being said about the practices of credit card companies, it surprises me how some people still defend credit card issuers, but there are many harsh (dare I say ignorant) comments being said about consumers in debt. Look, I don’t care how anal you have been with your credit cards-people including college students are being exploited. Why be angered and outraged for fair consumer rights? What kind of person does not want to stand up for the rights of the average American? It just doesn’t make any sense and these people who fervently defend credit card companies sound selfish.

Now perhaps many of these people lashing out like a woman scorned to those of us campaigning for consumer rights is because they work in the credit industry, or have made money off credit cards. If you know how to work the system-I get it. You want to make more money. But most people don’t want to spend their lives playing with money and reading mind numbing contracts that don’t make any sense.

Why the anger and why the hostility? Yes, it would probably make getting credit harder. Hooray! That would make people more responsible with their money. What a novel idea, having to earn your credit card. Perhaps this will encourage companies to lend responsibly and consumers more responsible with spending.

Look, it doesn’t matter that you personally play by the rules, if the rules are flawed and unfair….the rules are flawed and unfair. You can’t blame others for not wanting to play by unfair rules and regulations. What these people who go to great lengths to defend credit card companies don’t understand is the rules and regulations are unfair-period. This is like playing poker knowing the deck is marked. You’re a good player, so you don’t care the deck is marked, but others may not want to play with those who cheat. Get it?

I understand that consumer spending is down and people are not using credit cards. I understand this is negatively affecting the credit card industry and the economy. Perhaps these companies could save by not spending 1.7 million dollars on lobbying, creating expensive ad and CEO’s just don’t have to be so stinking rich.

Many want to blame consumers for over spending and materialism, but what about the greedy CEO’s who run these corporations and try to squeeze pennies from Americans. How can you call consumers greedy, when CEO’s are getting richer and richer? All we are asking is to level out the playing field.