Credit card companies making deals with cardholders | The Frugalista

Credit card companies making deals with cardholders

by frugalista on June 16, 2009

Article_photo1 Could this be true? What!? Credit card companies are a lot more open to cutting deals with those who are delinquent on their accounts. Yep, the card companies are willing to slash the balance on a deliquent account.

Fancy that. Part of the impetus for the companies being willing to lower balances is the credit card reform bill recently signed by President Obama.
What do you think about this? I mean, the responsible thing to do would be to pay your credit card bill in a timely fashion, right? Is it fair that some people may be able to pay less than what they charged? Is this a great thing for the consumer who may be drowning in unrealistic fees from the credit card company? Would you call to try to get your balance lowered?  Are credit card companies warm and fuzzy, now?

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