wow... went for dinner, just came back ... thank you for taking the time to reply! I thought how I read into it was correct ... I was just hoping it wasn't or that there was a revolt or something in the works to change it
... I hope it does get amended in the near future ... I understand that there were probably issues from both young and old regarding credit cards, income and responsible debt repayment, but if my husband and I file a joint tax return, the number the government taxes is the number I should be able to put on credit applications.
@mmduluth wrote:
@Anonymous wrote:How are they going to make that work in cases when 2 people are claiming an ability to pay 2 debts from one income?
Like I said, the details are for someone else to figure out. I'm just the brainstormer.
LOL!
I just think we're a little reluctant to admit how easily two people can get over-extended on one income.
@Anonymous wrote:
@mmduluth wrote:
@Anonymous wrote:How are they going to make that work in cases when 2 people are claiming an ability to pay 2 debts from one income?
Like I said, the details are for someone else to figure out. I'm just the brainstormer.
LOL!
I just think we're a little reluctant to admit how easily two people can get over-extended on one income.
Oh there is no doubt about that. I'm just saying that credit is a gable for consumers and CCCs alike. They decide weather or not they want to accept people who have no individual income of their own and look at the financials of the household and decide weather or not they want to extend credit to that individual.
I know kids using their parent's income was a problem. Something like this could be solved by providing proof or marriage or something similar and going from there. I know their are faults in this idea, as there always is, but it seems like there should be SOME way to work something out.
@Anonymous wrote:
@mmduluth wrote:
@Anonymous wrote:How are they going to make that work in cases when 2 people are claiming an ability to pay 2 debts from one income?
Like I said, the details are for someone else to figure out. I'm just the brainstormer.
LOL!
I just think we're a little reluctant to admit how easily two people can get over-extended on one income.
I don't have a problem with this if a CC company chooses not to extend credit in this situation. My problem is that the government made a law preventing them from doing so. CC companies were more than willing to extend credit to stay at home spouses in the past, until Congress told them they weren't allowed any longer. Congress claimed of course this was to prevent college students from getting targeted for cards they couldn't afford, but they either blindly or intentionally skipped over how this would affect stay at home spouses.
On a side note, I know at least one stay at home father. This is not just a women's issue. Surely more women stay at home, but now it certainly isn't 100% one sided.
