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Short Rant
So, the credit crisis met the Wilsons when we had to buy a new vehicle. Credit was good, not great, but getting a loan proved to be more of a hassle than ever before. That was in October, before all the news broke about the "credit crunch."
We managed to secure pretty good financing though and continued on our merry way, reducing balances with an eye to getting completely free from debt.
Now twice in two week's time we have received notice from credit card companies - Chase and Home Depot, that they were increasing their annual percentage rates dramatically. Chase at least came right out and said it was to increase their profitability.
So this stimulus plan is really working well. NOT.
Not a chance in this world that I'm going to do anything but tell both Chase and Home Depot to pound sand. Whereas I might have been willing to buy new appliances to lower my energy costs - no way. And I had considered using Chase as a vacation card each year - not going to happen.
When government gets involved in economics the result never is what the politicians tell you.
/rant off
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