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The Real Truth About Bad Credit Cards

The Real Truth About Bad Credit Cards

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Executives from the financial institutions who received funds from the $700 billion banking bailout faced their critics on the House Financial Services Committee on Wednesday February 11, 2009 in Washington. The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and …

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if you have bad credit and need to start revolinv credit in order to get a car loan what cards can I get?
I never had credit cards my bad credit came from my daughter being in the ICU for a month and my ER visit frolm like 5 yrs ago. I need a car and they said I need revolving credit what cards can I get? Please any help

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18 Responses to “The Real Truth About Bad Credit Cards”

  1. August 2nd, 2009 at 5:09 am

    fawnmtl says:
  2. August 2nd, 2009 at 5:20 am

    Dipali Mondal_reforms_agent_usa says:

    Not this stupid self serving rant again

  3. August 2nd, 2009 at 5:36 am

    Wordpress says:

    Rich u are correct on the JP Morgan useing fed bail out cash to buyout WaMu as sicking as that is. Altho the Minimum payment is not part of the banks idea its what the feds wanted as well as the media has been preaching. example(if u had a 2k credit limit and u payed the min it would take u X years to pay it off) so what they did was raise the Min payment witch use to b 1% of your balance to 2%-and UP

  4. August 2nd, 2009 at 6:33 am

    WPMixer says:

    There is only one way to FIX this for good and its ethical to boot the Feds need to put a CAP on intrest that banks can charge ! lets say Prime ratio + 12% or something that would mean the banks would still make 12% on all the cash they lend out stop this 31%+ stuff its killing the country. hell even the mob didnt charge this amount its sick

  5. August 2nd, 2009 at 6:54 am

    I'm coming back with a force says:

    First off U have to be more careful online. Next U must tell your mother about this. No matter what wrong U did she will understand that an adult is stalking U. Being in trouble for the small indescretion would be better than being stalked, kidnapped, raped, or even killed. Please tell the school as well, so they can keep an eye out for strange people. Also, contact the police so they can up the patrols in your area and maybe catch the person at your window. U can also buy a pretty good surveilance system at Wal-Mart or the like. Good Luck and let us know how it goes.

  6. August 2nd, 2009 at 11:06 am

    psychic says:

    you speak the truth.Many people don’t know what you just stated. 5***** comment

  7. August 2nd, 2009 at 2:11 pm

    seventy says:

    WAY TOO LONG TO READ ; O

  8. August 3rd, 2009 at 1:13 pm

    Orange County, NY mom says:

    but what you are not taking into consideration is that mccain has personally stated that he knows nothing about the economy and palin sure as hell won't be helping him, and the economy was fantastic while clinton was in office, regardless of what is occuring now.

  9. August 3rd, 2009 at 6:19 pm

    rails says:

    The truth is unsecured credit cards were given to people with no jobs, no income,etc and the cards were insured by AIG!!!!!!! when the jobless and moneyless couldn’t pay back the credit cards the issuer was given a big fat check for the loss, and the bad debt is sold to collection agencies and you get harrassed for 3 yrs while the original issuer is happy cuz he got paid twice, once by AIG and once by the buyers of the bad debt.. WHAT A SCAMMING BUNCH OF THIEVES!!!!!! arrest and jails them..

  10. August 3rd, 2009 at 7:23 pm

    Blogger says:

    Jamie Dimon is not telling the truth, JP Morgan used the Fed to take over WaMu.
    I received a letter from JP Morgan: all well, no changes to your accounts, just a name change to Morgan-Chase.
    They have reduced my limits, increased my interest rate and raised my minimum payment.

  11. August 3rd, 2009 at 9:29 pm

    romain r says:

    My philosophy is spend it before they steal it. As it is, our currency is only worth half what it was a year ago. That means the banking system has stolen half of your savings. That is why I am investing all my money in energy. I just bought a wood stove since it was only 2k more than my yearly propane bill. Solar panels and an electric car is next. This, my fixed morgage and my garden will protect me from the thieves that run the banking system. I feel sorry for all you suckers that are being screwed by the banks. Take your money out and invest in your future!!!!

  12. August 4th, 2009 at 5:58 am

    guzen says:

    Debt on Credit Cards, is the excuse used to charge astronomical interest rates. The people who DO NOT default are the losers. Banks deliberately pander to bad risk customers, it’s a gold mine of shady profits for them.

  13. August 4th, 2009 at 12:50 pm

    nacao says:

    I would love to see all this criminals in prison. They deprive the American People including me from the most basic things we need to “live” day by day. But remember. Problem, reaction, solution. There is always a reason why they expose stuff like this. They want a reaction from us! Why Cause they got the “solution”. What could it be? Digital Money. A microchip implanted for everybody! I don’t want that! That’s slavery!

  14. August 4th, 2009 at 10:54 pm

    rosabearr ") says:

    This is not a story, it's a conversation, and not a logical one. It might be something you'd say at home, but a conversation in a story still has to help direct a plot.

  15. August 4th, 2009 at 11:45 pm

    Free Blog says:

    I wonder if this is all a part of theatrics anymore. Worldwide, government leaders aren’t laughing as before! Those whose corporate, banking & social structuring media tools are “allowing” the investigations while buying time. Digital monitoring is on it’s way to checkmate, also, science fiction movies wouldn’t be possible unless a certain technologies existed. A singularity event is planned to zap freqencies & it’s all about controlling the mind. Turn off that TV! No wonder the chemtrails!..

  16. August 5th, 2009 at 4:40 am

    WPBlog Shop says:

    Credit Card Trusts are underwritten by applicants, who are the originators of credit card capital. Credit card limits are monetized through the signature of the applicant & deposited in Credit Card Trusts. The monetized signatures of the applicants become a collateral base for further Corporate borrowing. Interest charged on credit cards accrues to risk seekers who invest in the revenue or interest bearing side of credit cards. Interest is not payed to applicants for monetizing their signatures.

  17. August 5th, 2009 at 4:56 am

    jbradenjr says:

    Jesus died for you. You can start a new life in Christ.
    If you are not saved you can be saved.
    here is a scripture about what Jesus did for you and me.
    John 3:16 (Amplified Bible)
    16For God so greatly loved and dearly prized the world that He [even] gave up His only begotten ([a]unique) Son, so that whoever believes in (trusts in, clings to, relies on) Him shall not perish (come to destruction, be lost) but have eternal (everlasting) life.

    It is time for you to make a decision for your life and your gf.
    Take a chance on Jesus, and you will never be the same again.
    He takes your old life and makes it brand new.
    So all you need to do is this.

    Reach out to Jesus because not only did He die for your sins, He loved you before you were even born.
    He knew you in your Mothers womb.
    He wants to change things for you.

    So pray this prayer out loud and mean it.

    Make a conscious effort to speak these words from the very depths of your being. When you finish this prayer, you will be born again:
    Heavenly Father, in the Name of Jesus, I present myself to You.
    I pray and ask Jesus to be Lord over my life. I believe it in my heart, so I say it with my mouth: “Jesus has been raised from the dead.” This moment, I make Him the Lord over my life.
    Jesus, come into my heart. I believe this moment that I am saved, I say it now: “I am reborn. I am a Christian. I am a child of Almighty God.”
    Now, thank God for making you His child. Colossians 1:12 says, “Giving thanks unto the Father, which hath made us meet to be partakers of the inheritance of the saints in light.” You have just been made a partaker of an inheritance from God. You have just inherited the kingdom of God!

  18. August 5th, 2009 at 6:37 am

    Dawn K says:

    Joe Smith said it best, dear.

    It's not going to get better, it will get worse and worse. Get out now. Do what you need to do to find a job, get a car, establish some financial independence, and then move back home.

    Run.

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