This is a terrific article

And not only for what it shows about the demographics of debt.

The credit card industry itself has definitely grown out of control since deregulation. (Example: you gotta love the fine print on many credit card info sheets that says they reserve the right to change your interest rate at any time, for any reason.) Interesting, too, to see the sweeping changes they’ve made in just a few years’ time–none of which benefit the consumer, you may be sure!

While those of us who have credit card debt (myself included) have incurred this debt ourselves and are responsible for paying it off, the credit card industry definitely needs to be reined in. This article gives excellent points to put in letters to the appropriate government officials/agencies.

Your posts regarding your own situation are tremendously helpful to me. I’ve been a member of the group for less than a week, but I’ve already learned a lot, and have implemented attitude and lifestyle changes based on what I’ve read.

Here!Here! Yet, I defaulted because of a catastrophic illness. I incurred reasonable debt that was easy to pay off with a corporate lawyer’s paycheck. One day I went to a dentist because I finally had cash to purchase a gold filling. After six hours of normal pain, I started to feel unbelievable, agonizing, tortuous, excruciating pain. I would have found the money if the pain would go away with money. Just as the Internet article says plastic is a safety net today. I lost my profession, my friends, my shelter, etc. What about people like me? The collection agencies infuriate me. I must say, however, that when the original creditors heard my plight, they were nice.

I found MOST cc’s would work with me before, but now it seems they won’t. Juniper’s unbending attitude was very hard nosed. When I lost my dad in 2001, another card and a VISA did work a bit with me, and they’re gone. But this time around, it is like “Tough luck, broadski…” so….

When one card did sell my debt, the COLLECTION agency bent over backwards to actually work it out with me. At the time they were Machol & Johannes in colorado. It helped when my situation got better and I called THEM to raise my monthly payments. They were like “You’re one of the very few who actually contact US! Of course we’ll work this out with you…”.