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01 October 2009

Would You Stop Paying Your Credit Card Bills?

Let's get one thing straight - if you've got too much debt, it's not the credit card companies fault. It's your own fault.

Sure, they shouldn't be sending all those tempting offers to people whose credit cards are already maxed out. And they shouldn't approve more credit to those who are obviously in way too deep.

But nobody forced you to use them, right?

Ok, how here's another perspective:
Woman revolts, won't pay credit card bill

This woman got so fed up with all the nonsense that she decided to stop paying her credit card bills. And go public with her decision!

While I'm not sure I'd use her strategy, I do think that if enough people did the same thing, maybe the credit card companies would start to listen. And stop charging outrageous fees. And stop changing the terms of our agreements just to boost their profits.

What do you think? Will her actions do any good? Is she wrong to do what she did? Would you ever think about doing the same thing and stop paying your credit card bills if you felt that enough was enough?