- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Capping credit card rates is going to have unintended consequences
Posted on 1/13/26 at 3:05 pm to LSUTANGERINE
Posted on 1/13/26 at 3:05 pm to LSUTANGERINE
quote:
It won’t happen. Trump is just talking again.
He never follows through with his words
2
Posted on 1/13/26 at 3:10 pm to ksayetiger
Yeah, like with Greenland and Venezuela. And the other hundred times he's followed through like a champ.
Dumbass.
Dumbass.
This post was edited on 1/13/26 at 3:13 pm
Posted on 1/13/26 at 3:12 pm to LSUTANGERINE
quote:This is what you assholes dont get, Trump is sincere and means it, but that doesnt count for scum bags in congress.
It won’t happen. Trump is just talking again.
Posted on 1/13/26 at 3:13 pm to DyeHardDylan
Like winning mid-terms?
Posted on 1/13/26 at 3:16 pm to DyeHardDylan
quote:
Capping them at 10% means less people will be approved for credit cards, as the companies will want to reduce the amount of risk they take on. Those who borrow will be less incentivized to pay their bills and more people will go into debt.
Out of control reckless credit/lending and unnecessary risk taking is what has caused several financial calamities over the past 125 years in the US, the latest being the Financial Meltdown of 2008/2009.
Posted on 1/13/26 at 3:56 pm to DyeHardDylan
This is a double edge sword. I don't like credit card companies and don't use them at all, but I do have a credit card just incase I need it. That said, when people use a credit card, they know it's high interest.
Trump capping the interest is good for people who ran up their debt and need to get it paid down, but it's also overreach. I don't like the government getting involved in private businesses.
I know it's a temporary cap and I'm curious to see how it all plays out. I don't like it, but I do hope it helps some people get their debt to a manageable point thought I don't believe it will.
Trump capping the interest is good for people who ran up their debt and need to get it paid down, but it's also overreach. I don't like the government getting involved in private businesses.
I know it's a temporary cap and I'm curious to see how it all plays out. I don't like it, but I do hope it helps some people get their debt to a manageable point thought I don't believe it will.
Posted on 1/13/26 at 4:17 pm to pickle311
quote:
I don't like the government getting involved in private businesses.
At face value I agree. But are banks on the same level as other private businesses? Private banks have private investors and private investors could be overreaching for control. There may be more going on behind the scenes.
If George Soros or Chinese investors have interest and control of these banks behind the scenes it changes things.
This could be another attack on fraud. How much of that interest going from citizens to "private" investors is going back into funding corruption?
Could be wrong but its food for thought.
Posted on 1/13/26 at 4:25 pm to Big Scrub TX
quote:
People respond to incentives.
You think 10% interest is an incentive? It is to those earning it. Those paying it….not so much.
Posted on 1/13/26 at 5:47 pm to ksayetiger
quote:
He never follows through with his words
Bookmarked for my February statement, I much coincidentally is about “two weeks“ away.
Posted on 1/13/26 at 5:48 pm to DyeHardDylan
quote:good
Capping them at 10% means less people will be approved for credit cards, as the companies will want to reduce the amount of risk they take on
Posted on 1/13/26 at 5:55 pm to DyeHardDylan
If you are not approved, that is a good thing for many people. The fact that you are not approved means you likely do not have the means to pay your bills timely. It forces you to live within your means, rather than living on credit and getting so into debt that you did a hole you can never get out of.
Posted on 1/13/26 at 6:07 pm to BBONDS25
quote:I think people borrowing at 25% experiencing at least some reticence to do so would be highly motivated to borrow at lot at 10%.
You think 10% interest is an incentive? It is to those earning it. Those paying it….not so much.
The idea that something as elemental as the rate of interest can be dictated from top down and have NO unintended effects seems ludicrous. At one time, I would have thought it a core belief of this board. Tcult says otherwise, I guess.
Posted on 1/13/26 at 6:09 pm to Big Scrub TX
quote:
The idea that something as elemental as the rate of interest can be dictated from top down and have NO unintended effects seems ludicrous. At one time, I would have thought it a core belief of this board. Tcult says otherwise, I guess.
Oh. Don’t get over your skis and use the trite cult line you dummies love. I hate Trump’s proposal. I just think it is hilarious people like you and Tboy think paying 10 percent interest is a good thing.
Posted on 1/13/26 at 6:10 pm to BBONDS25
quote:Make up stuff much? I didn't say it was a "good thing". I said exactly what I said.
Oh. Don’t get over your skis and use the trite cult line you dummies love. I hate Trump’s proposal. I just think it is hilarious people like you and Tboy think paying 10 percent interest is a good thing.
You're so intent on being pissed off you can't even tell that we agree (direct meddling in financial markets is obviously stupid).
Posted on 1/13/26 at 6:12 pm to Big Scrub TX
quote:
Make up stuff much? I didn't say it was a "good thing". I said exactly what I said.
Then you should probably go back and look at Tboys post that I initially responded to. Again. Don’t get over your skis.
quote:
You're so intent on being pissed off you can't even tell that we agree (direct meddling in financial markets is obviously stupid).
I specifically said in my very last post that we agree. Jesus. Your beef is with your boy Tboy. Not me.
Posted on 1/13/26 at 6:13 pm to DyeHardDylan
quote:
Capping them at 10% means less people will be approved for credit cards, as the companies will want to reduce the amount of risk they take on. Those who borrow will be less incentivized to pay their bills and more people will go into debt.
It happened in the 70's and 80's at the state level. Some blue states were dumb enough to cap interest at 12% when inflation was 20%.
10% when inflation is <3% won't have that kind of impact, there will likely be a tightening of the amount of risk.
Posted on 1/13/26 at 6:15 pm to BBONDS25
quote:
Then you should probably go back and look at Tboys post that I initially responded to. Again. Don’t get over your skis.
quote:
You're so intent on being pissed off you can't even tell that we agree (direct meddling in financial markets is obviously stupid).
I specifically said in my very last post that we agree. Jesus. Your beef is with your boy Tboy. Not me
That's a delusional interpretation of a simple exchange. You seem intent on portraying "that will encourage more borrowing by some people" to mean "I think it's REAL SMART to borrow at 10%!!!!".
Nobody said that. You made it up and acted like other people said it.
Posted on 1/13/26 at 6:31 pm to Big Scrub TX
quote:
You seem intent on portraying "that will encourage more borrowing by some people" to mean "I think it's REAL SMART to borrow at 10%!!!!". Nobody said that. You made it up and acted like other people said it.
frick. You’re really going to make me look for Tboys post that I responded to or are you smart enough to do a search on your own?
Posted on 1/13/26 at 8:25 pm to DyeHardDylan
I think it's ridiculous that I have an excellent credit score rating and I just received a new card offer with only a 28.99% APR. Straight into the trash can.
Posted on 1/15/26 at 7:24 am to DyeHardDylan
I can’t believe trump would propose a cap on credit card rates. This is a liberal concept. Something Bernie or Warren would propose.
Horrible idea
Horrible idea
Page 4 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News