No Good Deed...

" meanwhile cracking down on the credit card companies but cracking down on the wrong votes in the process the Senate just passed a bill that will limit penalties and rate hikes on customers. That is good news for people who carry balances and and it let -- On the next -- says it is very bad news for people downtime. -- author of living rich for less -- bottom line is. If you do everything right. You're gonna get -- and."

" You know I think for us to be a populist idea I mean who like -- these credit card companies making all this money and its credit card report was supposed to be great. And -- with what came down today I'm thinking what is good about this it looks like the -- customers are gonna end up paying for the NBI don't think that's really isn't."

" It worked out that way Alec resentment -- and -- all -- on -- The deadbeats walk the -- order and the and the and the and the -- guys -- getting -- what what happens here."

" Well in the next two years your gonna be about 82 billion dollars worth of people that are going to be essentially -- and they're going to get back in just stop paying your credit card bills. And -- companies have to make that money back somewhere and so with this new reform what they're probably going to do to be able to make back that money is to start charging the good customers for example about fifty million customers right now don't pay any annual fees at all political play your producer can handle -- he mindful kind of expect that to be coming down."

" Other odds -- and you've got to balance down to zero or not as long as you have -- open credit line with a credit card company. Just simply carrying a year -- year is gonna cost."

" I think so I think this new reform we're gonna see that you're also going to see lower limits. Even for good customers because. You know this is just something that's going to be I think a backlash of what we."

" when you sale announced -- good customers only what they mean that banks just don't want to be exposed to the potential that you. -- have a lot of potential credit you might default."

" Well what do you think is going to be happening at -- be very very strategic and careful about the credit but they're offering. To going to be shrinking back to a certain degree so if you have a 10000 dollar credit limit right now. He might see that shrink to about 8000 or 7000 it's just don't think he can be aware that he need to be looking for. Because all these things are associated with -- at that point to try to fill in the lap. With this new credit reform that's coming out today."

" So the key is. Really jacked up your card and Phillips -- pay it -- if you paid at all and you'll be all right."

" other -- is they today what a look at before you do that. I think we still have some things that we can do right now one of the main things which need to do right now if you need to be prepared to call. -- you find picture ATRs being jacked up when you need a credit limit is being reduced when you ain't bad -- being charged -- Annual -- all these kinds of things that start to come up. Be prepared to call and when you call your credit card companies then. -- three peace be prepared polite and persistent. And when you're prepared you know how long -- had that card McDaniel kind of a -- again. When your politely get more flies with honey than with vinegar and then when your persistent you don't take the first cancer so let's didn't think --"

" But -- you're talking no offense so Lily Tomlin but you're talking a Lily Tomlin and and she doesn't care I mean. -- great mr. going to it are you not allowing a standing -- of us we don't care."

" I think that this is going to impact everybody and then just even people there have really good credit Lebanon and so you be paying 90% right now in your interest rates and you're gonna be -- eighteen person with a lot of this report that's coming back so when you make the phone call. You be prepared to be persistent to get it lowered back down again. -- and and I think that that's one way to win it."

" Every American -- when that kind of just got to -- return of every single American who was similarly taken advantage of that situation. These guys -- come crawling back that's. You ready."

" But then what what happens when -- a car that you had five years or longer it impact your -- those scoring a longevity."

" Now -- about his own travel new facts on the -- A great job thank you very much."

" They keep -- and you all right and these guys --"