Credit Card/National Park Carry passed!

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I do, most definitely! The credit card portion of the bill is to important to not only the administration, but for all of American citizens. Just my 2 cents worth.
 
I was unaware of any new legislation regarding the National Park carry. The Big O was reviewing the Bush change, but never heard where it went from there. Looks like Congress got into the act and it is headed to the Big O's desk for a signature. I think the Credit Card legislation may actually be a good thing regardless of what Ron Paul says. It is too easy for credit card companies (banks issuing) to penalize credit card holders that carry a balance and either forget or are late on a bill or two. 30% interest is not uncommon. The reason it is wrong is because the banks are penalizing people (card holders) who are least able to pay the increased monthly minimums. It is unsecured debt. The bank can't recover the money. They can't take your car or your house for payment of credit card debt. They just mess your credit up, but it was probably already messed up at that point anyway.
 
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The credit card portion of the bill is to important to not only the administration, but for all of American citizens. Just my 2 cents worth.
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Actually, it stands to hurt those of us who are not irresponsible credit card users.

I've been in debt. I've been in stupid debt, and I've been stupid while in debt. And I paid for it.

In the Internet age, there's no excuse for "missing a couple of bills" either.

Now, after fighting that battle twice, I have a good credit rating and just use the cards so I don't have to carry cash or be like the annoying old lady at the store, holding up the line writing a check.

I LIKE my Cabela's points, thank you very much.

If I have to pay a fee, or have no grace period when I use the cards, I won't use the things.

I never bitched about the interest or fees I was being charged. It was my own damned fault. If the fees were erroneous, I made sure they were removed. When I found better rates, I transferred the debt and kept paying it down.

This will be a bad thing for small businesses which now can't get credit lines and have been using credit cards for short-term borrowing. That will put some of them out of business, and cost all of us more.

As much as I want NP carry, this credit card bill is NOT a good thing.
 
I agree with ArmedBear.

Credit cards are extremely useful or potentially harmful tools, much like firearms.

If you cannot use one responsibly, then don't get one, and at the very least, accept the consequences that come from your spending.

I'm going to be very upset if my credit takes a hit, my rates fly up, or I lose rewards thanks to this. I've been extremely responsible with my card, and despite my young age, have a decent limit, very low APR, and have reaped quite a few rewards from my cards.

I suppose that the amendment means that some good will come from this bill, as America takes yet another step towards Socialism...
 
In the Internet age, there's no excuse for "missing a couple of bills" either.
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What if you don't have the money? What if you are on unemployment and hoping to find another job?

...accept the consequences that come from your spending.
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I haven't figured out just what are the consequences other than the banks try to run you into the ground financially. What can they really do? You can't get blood out of a stone. So, keep things reasonable and everyone is happy.
 
What if you don't have the money?
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Then don't run up debt on a credit card. That's not what it's for. It's for making purchases without cash in your pocket. That's no more of an excuse than writing a bad check, except that doing it on your credit card is not a criminal act against society, only against yourself.

Like I said, I've been there. It was my fault.

Why should the bank lend money cheaply, using a vehicle that isn't really a loan? If you want to borrow money from the bank, you can apply to do so.

It is a fairly recent phenomenon: people believing that a charge card exists so they can run up large amounts of debt they can't afford to pay off. It doesn't.

There is one "reform" I would suggest, though. Age limit changes. Drinking at 14, handguns at 16, driving at 18, and credit cards at 40.:D
 
Actually debit cards are intended for the purpose you suggest. Credit cards are designed to borrow money without collateral (unsecured debt) which is why you may pay 16% or 20% to borrow the money versus <10% at a bank for secured credit.
 
More laws to "protect us"...

If I was in the credit card business, I wouldn't issue a new card to anyone with a credit score under 800 and increase rates and fees to all cardholders as much as legally possible to cover the "protected" dead-beats still on my books and would cancel their cards when the first excuse arose.
I never paid a dime of interest/fees to a credit card company and only used a card if I knew I could pay the balance in full the following billing date.
The only good thing about this bill is the "Packing in Parks" amendment.
 
I've been in credit card debt WELL into 5 figures, far more than I could pay off quickly.

Like I said, it was MY FAULT.

Like 22-rimfire says, it was unsecured debt. I had little or nothing to take. If I didn't pay, there wasn't much the bank could do to get money from me. Therefore, they had to make enough profit to justify the risk.

WHY would a bank lend a stranger money with no guarantee of repayment, for a cheap rate?!?

Do YOU do that?
 
If I was in the credit card business, I wouldn't issue a new card to anyone with a credit score under 800 and increase rates and fees to all cardholders as much as legally possible to cover the "protected" dead-beats still on my books and would cancel their cards when the first excuse arose.
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And you would soon be out of the credit card business. So why not just exit that business and save yourself the trouble?
 
I thought that the Bush Administration had already allowed that.
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They partially reversed the ban but it was recently overridden by some stupid liberal judge.

The CC bill is dumb, but there was nothing we could do about it, it had too much momentum with the libs that are in power, but at least we get something out of it all.

Gun rights are my number one priority.
 
Big picture: the problem with trying to make a law to protect you from doing anything that might be BAD for you, will also prevent you from doing anything that might be GOOD for you.

Freedom and stupidity are incompatible. If you want the law to keep you from being a slave to the bank, you become a slave to the government.

I was a slave to my debts. But I was able to pay them off and become free again. $20,000 (or whatever it was with interest, late fees, etc.) and I bought my freedom back.

Hand your freedom over to the government and you can NEVER become free again.
 
As there are other threads about national parks carry and this one seems to be mainly about credit cards, I'm afraid I have to close this account.
 
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