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October 7, 2008, 9:24 am PDT
Credit Unions, Local Banks
Quote From: firstltshaIf everyone would stop paying their bills it would cause the financial institutions to readjust the way they do business. Everyone is in a world of hurt. Watch your credit card agreements in a few months everyones credit scores will be in the toilet. Foreclosures will not be helped by the bail out. Consumers need to grab the banks by their horns and make them make it fair for all by stopping making their payments. When the banks do not get their money from all of us it wakes them up. Read the fine print. Even if you are a honest bill paying person you will get punished financially. The sign of the times is consumer beware!!!! Better yet get your money out of the big banks, and put it into a credit union or local bank. You still do need to ask them questions though and make sure you are getting a good deal. If you have money in a large bank, you are helping to fund the bailout, because the big banks have lobbyists in Congress getting the reps to vote for anti-citizen legislation such as the bailout bill.
I don't use credit cards. I don't want to have to deal with bogus late fees and companies that lie to me about their rewards programs.
I'm trying to boycott the companies in the Dow 30 as a result of the bailout bill. I encourage others to do the same.
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