I gave up credit cards 8 years ago. Prior to that, I had a mound of debt, high interest rates, and a bitter taste in my mouth from the entire order. Once out of debt, I vowed never to go back. And I haven’t. Yet credit card companies are still out there, and more predatory than ever. President Obama just signed the new credit card reform bill. While it is a welcomed start, there is a huge hole right in the center of it. Lenders generate most of their profits from interest and fees, so this bill will be taken by them as a direct dip into their pocketbooks. Since the law won’t take effect until February of 2010, I expect them to ‘make the most’ of the next 8 months … Read entire article »