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July 12, 2010

I’m credit card debt free, finally

Financial Freedom

Crapulous. Yes. It’s a word, and it’s the first word that comes to mind when I think of our nation’s excessive, self-obliterating appetite for easy credit during these past few years. In many cases, we consumers are to blame for the economic implosion, not the big banks which cry in their defense “we simply supplied a demand.”

Before you accuse me of siding with the likes of Lloyd Blankfein or sounding self-righteous like President Jimmy Carter in his scathing “malaise” address to the nation on Jul. 15, 1979—about two months before I was born, by the way—hear me out. 

At some point, we consumers have to take matters into our own hands and become totally responsible for our financial welfare.  And I don’t mean that in a revolutionary, militia-like, or tea party way. It’s easier than that.  Simply put, we must rid ourselves of dependence on credit in all aspects of our lives. 

Comments

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Very nice blog on this website. It is really difficult to get this kind of with useful information. I am relieved I came upon this site. I will eagerly look forward to your upcoming updates.


Regard

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Debts

The initiative taken for the concern is very serious and need an
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Mary Taylor

This is a wonderful opinion. The things mentioned are unanimous and needs to be appreciated by everyone.

A new bill will require credit card companies to provide additional benefits to their customers. Companies must post their agreements on the Internet and let customers pay their bills online or by phone for free. ya it's a nice article..

adren
_________________
Debt Collection

i agree from the above thought i also thing to pay all money in cash.it's a stress free deal

jimwillson
==========
Credit Card Debt

That's fine for people who have money. Unfortunately, people like me would never be able to buy a car without a car loan. I am in the process of paying off all my credit cards (much of which are medical bills), and I have put myself on a cash only basis for regular every day purposes. But if I need another car in the future, there is no way on social security that I can buy one without credit.

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About Me

Greetings! I’m Kevin D. Johnson, a business owner who has recently assumed the role of consumer advocate and internet activist. Atlanta, Georgia is my home.

My Story

Upon returning from my wonderful honeymoon in Jamaica in October 2008, I received what I thought was an ordinary American Express bill, but to my surprise it was a disappointing letter informing me that my credit line was reduced by about 65% for a highly suspicious and discriminatory reason. Considering my excellent credit score and pristine payment history, it just didn’t make sense. However, what does make sense are the unfair and insidious policies that I have uncovered when asking why. It is time to change them.

Good Morning America tells my story.

The Goal

I created this web site to document and share my challenging journey to change what is wrong, unfair, and unjust in the credit card industry. The ultimate goal of this web site is to inform consumers of ways to stand up for themselves against treacherous business practices and to educate consumers about how to improve their credit. Finally, I hope to encourage a more open dialogue with credit card companies about their policies–good and bad.

Success

I am proud to say that this blog's unyielding demand for change led to an important amendment in the final Credit CARD Act signed by President Obama on May 22, 2009. Despite this major accomplishment, there is still more work to be done.

View video of bill hearing in Maryland

Testifying at a bill hearing in Annapolis, Maryland

Speaking Engagements

In an effort to educate as many people as possible about financial management, especially about how to manage the current credit crisis, I have begun to speak around the country at colleges, universities, corporations, chamber of commerce meetings, congressional hearings, trade organization meetings, etc. Having acquired a wealth of information that will help to empower people and to improve their financial future, I feel that sharing this information is the least I can do to make a positive impact. For information on my availability for speaking opportunities, please send an e-mail to Jennifer Silverman at jennifer@silvermanworldwide.com.


Speaking at a university

Disclaimer

All information provided on NewCreditRules.com is provided for information purposes only and does not constitute or substitute for professional financial advice. Information on NewCreditRules.com is subject to change without prior notice. Although every reasonable effort is made to present current and accurate information, NewCreditRules.com makes no guarantees of any kind. This web site may contain information that is created and maintained by a variety of sources both internal and external. These sites are unmoderated forums containing the personal opinions and other expressions of the persons who post the entries. NewCreditRules.com does not control, monitor or guarantee the information contained in these sites or information contained in links to other external web sites, and does not endorse any views expressed or products or services offered therein. In no event shall NewCreditRules.com be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such site or resource.

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Great Resources

  1. ChangeInTerms.com

  2. Complaints.com

  3. ConsumerAffairs.com

  4. Consumerist.com

  5. CreditMattersBlog.com

  6. CreditSlips.org

  7. DefendYourDollars.org

  8. Epinions.com

  9. GotaClassAction.com

  10. My3Cents.com

  11. PlanetFeedback.com

  12. RipoffReport.com
* List provided by ChangeInTerms.com.


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