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Fight Exhorbitant Credit Card Interest Rates
It's been some time now since the Fed lowered the Prime Rate to 0%, yet I still have some credit cards charging me as much as 17.95% interest.
Given the Zero Prime Rate, the bailout money the government has given banks from taxpayer funds, and the current harsh economy, don't you think the government should take immediate steps to get banks to drop high credit card interest rates?
If you're as annoyed as I am at this situation, spread the word through your blog and e-mail your congressperson and senators in Washington about it.
Maybe we can get a grassroots movement started.
If it's of any help, here is the text of the e-mail I sent to my senators and congressperson:
--o0o--
Dear [name of representavie]:
It's been some time now since the Fed lowered the Prime Rate to 0%, yet I still have some credit cards charging me as much as 17.95% interest.
Given the Zero Prime Rate, the bailout money the government has given banks from taxpayer funds, and the current harsh economy, don't you think the legislature should take immediate action to get banks to drop high credit card interest rates?
--
Thank you,
[name]
[address]
[phone number]
--o0o--
Feel free to adapt my message or compose your own original version.
Given the Zero Prime Rate, the bailout money the government has given banks from taxpayer funds, and the current harsh economy, don't you think the government should take immediate steps to get banks to drop high credit card interest rates?
If you're as annoyed as I am at this situation, spread the word through your blog and e-mail your congressperson and senators in Washington about it.
Maybe we can get a grassroots movement started.
If it's of any help, here is the text of the e-mail I sent to my senators and congressperson:
Dear [name of representavie]:
It's been some time now since the Fed lowered the Prime Rate to 0%, yet I still have some credit cards charging me as much as 17.95% interest.
Given the Zero Prime Rate, the bailout money the government has given banks from taxpayer funds, and the current harsh economy, don't you think the legislature should take immediate action to get banks to drop high credit card interest rates?
--
Thank you,
[name]
[address]
[phone number]
Feel free to adapt my message or compose your own original version.