First there was the MOVE YOUR MONEY intiative in which banking customers taking the pledge to say NO to To Big To Fail Banks could find and move their money to a Credit Union or Community Bank.
But did you know you can do the same with your credit debt?
Check out The Credit Card Connection.
Credit Card Connection is your link to the most fair and ethical credit card programs in the United States.
At this website you can locate the institutions in your community that offer Visas, Mastercards, and other fancy-schmancy logos. But with these banks, you are guaranteed by law that you cannot be jacked for more than 18% interest no matter what.
I learned about this connection from Suze Orman from CNBC this morning in an MSNBC segment with Mika Brzezinski (and some teabagger guy).
"I have come to believe, thanks to you, that many Credit Unions are more ethical and fair to their customers than banks with credit cards."
- Suze Orman
"Wow 18%! That's high!" Mika chirped.
That's how bad things have gotten. It's still not as bad as the 29.99% that traditional banks are gouging out of their customers - and many of those people actually have OK FICO scores.
If you're looking for new credit, why not begin with a bank thats close to home, and have one foot in the Credit Union door. What are you giving up? Bells and whistles. Nobody misses the new Bank of America ATM gadgets more than I do. Auto check scanning, fast currency counting, just sign a check and stick it in the hole ... everything that the CONSUMING conscious consumer loves. But other that that not much. And until these banks get their shit together and start playing by some manageable rules, why give them your money?!
Go small. Go LOCAL! Go Credit Untion Credit Cards!