Dear TuneInTurnOnHelpOut peeps,
This just in from those expanding minds over at Rock the Vote — Great idea Heather.
Thanks for sending it!
Do you ever read any of the fine print in credit card pamphlets?
I don’t.
And that’s the point. Credit card companies are allowed to change your interest rate at any time, for any reason. They do this to increase profits at your expense, and your only recourse is to find a new company — with the exact same policies. We can take action now to stop the credit card companies’ abusive practices.
http://qvisory.org/takeaction/creditcard_rtv
Here’s the deal: the Federal Reserve has asked for public feedback on a new set of regulations that would stop the most abusive credit card lending practices. The credit card industry is pissed, and fighting back. Our friends at Qvisory have set up a way for you to email the Fed. We can’t let the credit card companies win — send a message to the Fed today.
http://qvisory.org/takeaction/creditcard_rtv
As young Americans go deeper in debt, the credit card industry rakes in billions in penalty fees, cash advances, and interest charges. Credit card companies take advantage of every opportunity to make a profit off consumers, especially young people, and keep us in debt.
- Thirty-nine percent of students with loans graduate with “unmanageable debt,”meaning loan payments that are more than 8 percent of monthly income.
- Forty-five percent of young adults use credit cards to pay for basic living expenses.
- The average young adult with credit card debt spends almost a quarter of every dollar they earn on debt payments.
Young voters have shown their power this year, turning out in record numbers to choose our candidates for president. We also have the power to stop credit card companies from getting away with truly egregious activities. Please join us in making reform happen by signing our petition to the Federal Reserve.
http://qvisory.org/takeaction/creditcard_rtv
Best,
Heather Smith
Rock the Vote