My Bankruptcy Law Network colleague Cathy Moran notes that our friends in the credit card industry bought the inside cover of a recent issue of Newsweek to announce the release of their new web site HelpWithMyCredit.org. My heart is truly warmed to know that my friendly credit card issuer is here to help me. After all, “these are tough financial times for millions of Americans. That’s why some of the country’s major banks and electronic payments networks have come together to create Help With My CreditSM, providing information and resources to assist and educate customers struggling to make their credit card payments.”
What helpful and compassionate advice does the credit card industry offer. I hate to spoil the surprise, but….why not:
- pay on time
- stay below your credit limit
- understand account fees
- pay more than the minimum amount due
- watch for changes to the terms of your account
- sign up for online servicing
Gee, that was useful. I’m sure that all those struggling families can sleep easier with all that help.
I’m sure glad that they did not waste any space on their web site with tips that no one really cares about like how to get interest rates reduced, what are the criteria for negotiating reduced balances, stopping harassing phone calls.
Our friends in the credit card industry – always thinking of us!