We all know that we are living in tough financial times. We know that the National Debt is the highest ever. We try to get a grasp of what is going on without watching a news channel 24/7.There is one thing happening which needs to be noted and known by every person today.
You know from the news that financial corporations and credit card companies are being watched a little more closely than previously.
Some of them had to "borrow money from the government" or take "bailouts".
There is legislation pending which is going to make it tougher on credit card companies. To put it simply, some of these companies are trying to get their houses well in order before the mother-in-law comes for dinner.
Some companies are jumping the gun on raising interest rates for late payments - allowing no grace period at all. Some companies are arbitrarily boosting the percentage you pay.
Now, everybody knows that all Texans are wealthy, but perhaps not enough to pay $23 quadrillion dollars for a dinner at a Wolfgang Puck Restaurant. Yup! That is what a $65.00 dinner was billed on Jon Seale's credit card statement this month.
The NBC Universal article I saw spelled it out this way:
$23,148,855,308,184, 500.00
That is said: 23 quadrillion, 148 trillion, 855 billion, 308 million, 184,00 and 500 dollars.
Hello?
Machines just spit out whatever and apparently humans do not proof the results before they are sent on to customers.
This goes for increases in interest rates, refusals for credit cards, late charges, etc.
Please review every bill that comes into your home. Keep each credit card or debit card receipt. If there is something that does not seem right, do protest. Find out who is at the top of the company and write a letter to that person.
These are times to monitor everything as carefully as possible. These are not the best of times but there is hope. Yes, we are in a recession. The course RECESSION 101 teaches us this: Recessions do end!
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