Congress Goofed

Hey there,
I'm here to tell you that Congress goofed a couple of years ago when they passed a law making the credit card companies increase their rates on minimum balance payments. I think it was at about 1and 1/2 % a month that most card companies charged. The congress made the companies charge at least 2%. Many like me objected at the time. So what if it takes a long time to pay off the debt. Any card holder could pay as much over the minimum monthly balance as they wanted and most of us did. But Congress, Republicans mostly since they were in the majority, insisted the bill be passed. But many Democrats voted right along with them. Well, thought the card companies, if they want to force us to charge more, then we'll give them what they want. Now they're increasing minimum balance payments by up to triple the amounts the cardholders were paying. I predict this move by Congress and the credit card companies will force thousands more of the card company's most reliable customers into bankruptcies that could have, and should have, been avoided.