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"YOU TAKE OUR MONEY, YOU WANT OUR HOUSE, YOU WON'T EVEN HELP US OUT."
PEOPLE WHO SAY IT CANNOT BE DONE SHOULD NOT GET IN THE WAY OF THOSE WHO ARE ALREADY DOING IT.

DAY-43, LOCAL GOVERNMENTS BEING HIT HARD BY CREDIT CARD COMPANIES ME FIRST ATTITUDE.

DAY-43, LOCAL GOVERNMENTS BEING HIT HARD BY CREDIT CARD COMPANIES ME FIRST ATTITUDE.
CLICK on IMAGE to SEE ARTICLE.

IS IT FAIR TO CHANGE FIXED-RATE CREDIT CARDS TO VARIABLE RATES?

IS IT FAIR TO CHANGE FIXED-RATE CREDIT CARDS TO VARIABLE RATES?
CLICK ON IMAGE TO GO TO LA TIMES ARTICLE TO VOTE.

DAY-41, LINKING STATE GOVERMENT PROPOSED TAX INCREASES TO THE CREDIT CARD COMPANIES.

DAY-41, LINKING STATE GOVERMENT PROPOSED TAX INCREASES TO THE CREDIT CARD COMPANIES.
CLICK on IMAGE to SEE ARTICLE.

About Me

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If you have a question about this blog or the 12 other anti financial terrorism blogs I have created, please email me at info at alexlogic.com. If you are having trouble leaving a comment, please let me know at the email address listed above.

CHASE BANK PROTEST MARCH TO THE SANTA MONICA SEA, THEN SEE JOAN IN CONCERT, FREE! THURSDAY, JULY 9

CHASE BANK PROTEST MARCH TO THE SANTA MONICA SEA, THEN SEE JOAN IN CONCERT, FREE!  THURSDAY, JULY 9
DO YOU HAVE A DAILY-PROTEST.com or BLOGGERS AGAINST CHASE BANK.com SIGN? THEN MARCH to the FREE JOAN BAEZ CONCERT at the SANTA MONICA PIER!
JOAN BAEZ DOES NOT KNOW WHO WE ARE AND THEREFORE IS NOT ENDORSING THE CHASE BANK PROTEST MARCH, BUT, WHAT FAMOUS CELEBRITY IS?
NO NEED TO TRY AND ASSEMBLE FOR THE MARCH, JUST MARCH FROM WHERE EVER YOU ARE COMING FROM WITH YOUR DAILY-PROTEST.com SIGN!
(PLEASE DO NOT MARCH IF IT IS A STRAIN OR HAZARDOUS TO YOUR HEALTH), YOU DO NOT HAVE TO HAVE A SIGN TO SEE THE CONCERT FOR FREE.

FREE JOAN BAEZ CONCERT, JULY 9TH, 2009, STARTS 8PM (COME EARLIER FOR BETTER LOCATION, B.Y.O.C.) CLICK ON IMAGE FOR MAP.

DAY-23, CHASE BANK PROTEST

DAY-23, CHASE BANK PROTEST
CLICK ON IMAGE TO GO TO ARTICLE.

DAY-22 CHASE BANK PROTEST

DAY-22 CHASE BANK PROTEST
CLICK ON IMAGE TO GO TO ARTICLE.

DAY-20, CHASE BANK PROTEST

DAY-20, CHASE BANK PROTEST
CLICK ON IMAGE TO GO TO ARTICLE.

DAY-19, CHASE BANK PROTEST

DAY-19, CHASE BANK PROTEST
CLICK ON IMAGE TO GO TO ARTICLE.

DAY-16, CHASE BANK PROTEST

DAY-16, CHASE BANK PROTEST
CLICK ON IMAGE TO GO TO ARTICLE.

DAY-13, CHASE BANK PROTEST

DAY-13, CHASE BANK PROTEST
CLICK ON IMAGE TO GO TO ARTICLE.

DAY-12, CHASE BANK PROTEST

DAY-12, CHASE BANK PROTEST
CLICK ON IMAGE TO GO TO ARTICLE

DAY-11, CHASE BANK PROTEST

DAY-11, CHASE BANK PROTEST
CLICK HERE TO GO TO ARTICLE.

DAY-10, Thanks Dad.

DAY-10, Thanks Dad.
Rest in Peace

DAY-9, CHASE BANK PROTEST

DAY-9, CHASE BANK PROTEST
CLICK HERE TO GO TO THE ARTICLE

DAY-8, CHASE BANK PROTEST

DAY-8, CHASE BANK PROTEST
CLICK ON IMAGE TO GO TO ARTICLE.

Day-7, CHASE BANK PROTEST

Day-7, CHASE BANK PROTEST
CLICK ON IMAGE TO GO TO ARTICLE.

DAY-6, CHASE BANK PROTEST AT 12051 VENTURA BLVD, STUDIO CITY.

DAY-6, CHASE BANK PROTEST AT 12051 VENTURA BLVD, STUDIO CITY.
CLICK ON IMAGE TO GO TO ARTICLE

DAY-5, CHASE BANK PROTEST

DAY-5, CHASE BANK PROTEST
CLICK ON IMAGE TO GO TO ARTICLE.

DAY-4, CHASE BANK PROTEST

DAY-4, CHASE BANK PROTEST
CLICK IMAGE TO GO ARTICLE

DAY-3, CHASE PROTEST

DAY-3, CHASE PROTEST
CLICK IMAGE to SEE ARTICLE.

DAY-2, CHASE PROTEST

DAY-2, CHASE PROTEST
CLICK IMAGE to SEE ARTICLE.

DAY-1, CHASE PROTEST

DAY-1, CHASE PROTEST
CLICK IMAGE to SEE ARTICLE.
DAILY-PROTEST IS RANKED
OUT OF 28,000 BLOGS.

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Sunday, October 10, 2010

How can the government offer HAMP (home affordable modification program) without offering credit card interest rate relief as well?

If the government really was trying to help people struggling with their home mortgage payments, the government would realize that homeowners also need to pay down their credit card debt as well. Interest rate reductions on both credit card debt and home mortgage payments is a REASONABLE PLAN towards giving people a honest chance to succeed.

However, why should the bankster provide home mortgage relief when the credit card interest rate charges are so high that the homeowner will never be able to pay down their credit card debt?

The bankster may be rightfully thinking, "since the homeowner can not pay down their credit card debt because of high interest rates, why should we provide relief on their home mortgage?" If the financial burden is not shared by others who the homeowner also pays on a monthly basis, why should the banks modify any home loan? Why should we shave our profit margin while the credit card companies make gargantuan profits because of huge interest rate charges.

If a bankster saw a homeowner owed 3,000 dollars on a Target Credit Card with an interest rate of 23.5%, the bankster would realize that was 59 dollars a month in interest rate charges! Why should they lower the interest rate on a mortgage when Target can get away with charging such an abominable rate?

Paying down credit card debt at a lower interest rate is not a giveaway. It's the right thing to do and an excellent way to actually reinfuse money into local economies as people being to pay for things with their own money rather than on credit as their debt load decreases.
I would make one stipulation if credit card rates were to be reduce. The credit card holder would agree that their overall credit card debt MUST DECREASE every month they are on the low interest rate credit card paydown program.
Until credit card interest rate relief happens, the HAMP program will continue to be wrought with fraud and misdirection by the banksters.

 

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