Stop using credit cards

Posted on by Frank Micciche

It is truly sad to see how our politicians in our two-party nightmare turned their backs on millions of American consumers.

Five months ago, Congress passed a law curbing credit-card companies and banks from imposing fees and interest rate hikes on consumers. To everyone's amazement, these institutions were given until February 2010 to make corrections. Suze Orman, CNBC Consumer Money Advocate, stated that this was a terrible injustice against all consumers in America because the law should have started the day the bill passed Congress.

All consumers holding credit cards, except our politicians, the wealthy super elite who hold credit cards with fixed rates between 2 and 4 percent, are seeing their interest rates increased between 8 and 13 percent. The companies are not even screening individuals to see if we have been paying our monthly bills in a respectful manner.

We are certainly living in a two-party disgrace! Vote out of office all politicians from North Carolina who voted for this law.

Discard your credit cards, and only purchase goods with cash or your checking accounts. We must also educate our children and grandchildren so that they do not get trapped into this greedy and selfish society where money rules and integrity walks.

— Frank Micciche
Asheville

SHARE

Thanks for reading through to the end…

We share your inclination to get the whole story. For the past 25 years, Xpress has been committed to in-depth, balanced reporting about the greater Asheville area. We want everyone to have access to our stories. That’s a big part of why we've never charged for the paper or put up a paywall.

We’re pretty sure that you know journalism faces big challenges these days. Advertising no longer pays the whole cost. Media outlets around the country are asking their readers to chip in. Xpress needs help, too. We hope you’ll consider signing up to be a member of Xpress. For as little as $5 a month — the cost of a craft beer or kombucha — you can help keep local journalism strong. It only takes a moment.

About Webmaster
Mountain Xpress Webmaster Follow me @MXWebTeam
View all posts by Webmaster →

Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

5 thoughts on “Stop using credit cards”

  2. brebro

    I don’t get money back, airline miles or rewards points by using cash. I also lose two months of interest by paying for things right away rather than a month after the statement comes a month after the purchase. Why should I care about interest rates when I pay off the balance in full each month and pay no interest? Plus, my credit cards contain no cocaine residue or thong sweat from previous owners.

  3. teh pfff

    [b]Plus, my credit cards contain no cocaine residue or thong sweat from previous owners. [/b]

    Some might see that as a drawback.

  5. Johnny

    I’ve been concerned about thong sweat on my cash for several years now, and am most grateful this issue is at long last gracing the pages of the Mtn. Xpress.

    Avoidance of CBTS (cash-based thong sweat) is a tricky balance, of course. Much like other conundrums in life, I feel like I’ve been alone in seeking ways to properly handle it, stay away from it, or –perish the thought– accept it.

    Having it brought up here gives me hope. Thank you.

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.