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New Rules for Bank Bailouts

Just like we receive change notices to our credit card holder agreements, there should be a change notice bailout from flickragreement sent to all the banks accepting bailout money or transfering toxic assets to the government.

  • Cash bailouts shall be charged the Cash advance rate of 19.24%
  • All Transfered debt shall carry a 3% transfer fee
  • A late fee of 1% shall be charged on late payments plus a late payment fee
  • Late payments may trigger default rate of 21.3%
  • If you need to borrow more money an over the limit fee will apply

Why shouldn't we treat the banks the same way that they treat us? They have been pounding us for years with late fees, transfer fees, over the limit fees and of course high interest rates and cash advance fees.  I thought turn about was supposed to be fair play?

 

Copyright 2009 The Russell Home Team www.SearchjocoHomes.com

Comment balloon 1 commentKevin Robinson • March 23 2009 08:17AM

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Kevin- Lets not forget to reasses what amount we think the Bank should borrow. Lower the available credit limit for any reason we can think of and then say they have exceeded the credit limit and ALL of the fees aply. We will have the deficet paid off in no time. After all...The Bank are made of money-Dinah Lee

Posted by Dinah Lee Griffey, Managing Broker Windermere Peninsula Properties (Windermere Peninsula Properties) over 10 years ago

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