October 2017

CREDIT CARD DEBT IN CONNECTICUT

With mortgage rates at historical lows, credit card debt has become the major drain on middle class Connecticut families. Despite super low borrowing rates, credit card companies have not passed along low rates to consumers, but have instead continued to charge consumers the highest interest rates possible with no regulation in sight.

BIG BANKS BIG PROFITS, BEFORE/AFTER/STILL

By supporting the myth of an all-important “credit score” and raising interest rates, credit card issuers have boxed in millions of American families across the U.S., stuck between crippling, high never-ending monthly payments and the fabricated myth of credit score as a measure of holiness. The credit card industry has captured the mind and wallet of any middle class American who survived the subprime mortgage bubble.