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by Camper English

 

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Rock Star Blog: Items of Interest to Thrifty Hipsters Everywhere.

Thursday, December 08, 2005

Credit Card Companies Crabby

In this article on MSN Money, we learn that the credit card companies who bribed their evil harder-to-declare-bankruptcy legislation into being, are getting pummelled by last-minute filers.

In the two weeks before the law took effect, 500,000 bankruptcy cases were filed, as compared to the normal weekly average of 30-35,000 cases. And according to the article, a very high percentage of the people who file for bankruptcy will be eligible for a debt wipeout instead of the repayment plans the legislation was trying to enforce. So their plan so far has backfired.

Special holiday message to credit card companies: Ha-ha, and fuck you.

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