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Q. Is Congress considering any legislation to curb the greed of the credit card companies? Has it considered that the outrageous interest rates charged by credit card companies are a built-in, more-than-adequate cushion to alleviate any loss caused by discharges? Could this be another government legislative bail-out for the fat-cat credit and banking industry? Has Congress considered that the high interest rates and easy approval are probably the common core reason for John Q. Public's bankruptcy? What happens if the whole country falls to its knees economically? Do the credit card companies seize debtors' assets? Does the government? In an economic worst case scenario, what happens if a good portion of the country becomes disenfranchised? Ask yourselves these questions and write to your

A. Same here. Most of my credit card debts are from over 5 years ago when I was in college, and if not for my credit card company rasing the interest rate to 25% out of nowhere, and wouldn't lower it, I probably wouldn't be in my debt problem now. I haven't used my cards for almost a year now, but I'm still responsible for over $400/month in interest and fees( which is more than my monthly rent). Our credit card debt was very high also, we had only a couple cards, but when we were unemployed with high medical bills, we had to use the cards to eat. After a couple years of getting farther and farther behind from what we originally owed, we finally broke down and consolidated the debt through Solutions, most of the credit card companies then waived the interest fee (Discover would only lower it so we paid more to them till they were paid off first). The card companies won't reduce what they have already added as interest, but it helps to know that they won't add any more, ( and that once they are paid off- you never have to use them again)

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