Divorce Money Matters

Recently we saw landmark legislation pass regarding credit card reform for consumers.  All I can say is, "It’s about time, but it doesn’t go far enough." 

Those of you who read my blog know that I am a vocal advocate for reform in this area as the credit card companies have essentially become what I call, "Legalized Loan Sharks."  Read again why Capital One is no longer in my wallet -

In the past week, I was interviewed by Consumers Union, the non-profit arm of Consumer Reports, regarding my experiences with Capital One and Discover card, who has also joined the game of rewriting the rules in their favor.   My story will be featured, along with many others, as we continue to ask why Congress can give immediate assistance to many of the largest financial institutions, but consumers have to wait until next year while the credit card companies continue to sock it to us.

Our economy cannot revive and prosper if folks are spending their hard earned dollars on more interest payments instead of new purchases that are needed to get money flowing through our economy and onto recovery.  I will keep you posted on any further actions with this issue.