Travis Plunkett
Travis Plunkett
backwards bankruptcy barriers bending circumstance depend families federal government help hit net safety throwing victims
Bankruptcy is an important safety net that families hit by unforeseen circumstances depend upon. The federal government should be bending over backwards to help Katrina's victims get back on their feet, not throwing up new barriers to bankruptcy.
approach fed fee five hit increasing large number past people taken time tired traps
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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The bill simply doesn't balance responsibility between families in debt trouble and the creditors whose practices have contributed to the rise in bankruptcies.
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Taking on debt to accumulate savings is an obvious contradiction. It seems more like a clever marketing ploy than a legitimate method for increasing savings.
fresh impact large number ordinary people
They'll never get a fresh start, ... And over the long haul, this can have a significant impact on the economy, if a large number of people can't get back to being ordinary consumers.
credit gaining interested lucrative market share
What the credit bureaus are most interested in is gaining market share in the increasingly lucrative market for credit scores.
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.
caught
Once you're caught in that, you're often stuck,
people prefer telephone
Some people prefer telephone counseling. Some people prefer in-person counseling.
credit determines essential financial passport pay report whether
Your credit report is your passport to your essential financial information. Increasingly, what's in your credit report determines whether you'll get credit and how much you'll pay for it.
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shouldn't have to jump through hoops to get bankruptcy relief.
extremely lucrative types
It's extremely lucrative for the insurers, much more so than other types of insurance.
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It's kind of like the wild west out there.
absolutely amount bills bottle card credit enormous industry power
They've done nothing, absolutely nothing. The credit card industry has an enormous amount of power in Washington. They bottle these bills up.