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Fwd: [jobparty] Cara Fry left feedback on penpal | 22  

---------- Forwarded message ----------
From: NationBuilder 
Date: Tue, Oct 25, 2011 at 2:25 PM
Subject: [jobparty] Cara Fry left feedback on penpal
To: Harry Waisbren 


Harry --

Cara Fry  left
feedback on penpal

Dear One Percenter, I am an educated, married mother of a 7-year-old boy. I
have been employed since I was 15. I work full time as an office manager and
I also run an on-line business from home selling handmade items. My husband
of 12 years is a printing pressman. He has also been employed, without any
gaps, since he was 15. We work hard. We show up to work every day. We pay
our bills on time. We do not have cable TV or magazine subscriptions. We do
not have an iPad or an iPod or a video game system. We do not go on fancy
vacations; we go camping. All of our clothes come from E-bay or resale
shops. We eat at restaurants twice a month, on pay-day. We drive used cars.
We try to do everything right. One of the things we tried to do right was
pay off some debt. When we found ourselves with $10,000, we wanted to be
responsible and pay off debt from when we were first married and starting
our family and our household so we paid that $10,000 to our credit card. We
thought it would give us a higher credit score due to a greater
credit-to-debt ratio and that we would have a large credit cushion in case
of an emergency. Boy were we wrong! Instead, we were "rewarded" by the bank
cutting our credit limit to $5 above our new balance. Then they charged us a
finance charge which put us over our credit limit for which they then
charged us additional fees. I called to see if they would give us back some
of our credit line but they said they could not because of our poor
credit-to-debt ratio (which they had just created). Then the rate on my
other credit card went from 7.99% to 29.99% because of the action taken by
the first bank. Because I did the responsible thing and paid a large portion
of my debt, my credit rating plummeted. I no longer qualify for any other
credit cards or loans and I have no emergency cushion. Now, prices on
everything have risen. Our grocery bill has gone up 20% despite buying more
generics and skipping luxury items. Our car insurance has gone up. Our
health insurance costs have tripled. Our energy costs have risen. We are
living paycheck-to-paycheck and not making it and when the car breaks down,
my son misses school because I do not have a credit card to put the repair
on. When we are sick, we hope for the best because we cannot pay the $300 ER
co-pay. I would like to go back to college to finish my bachelor's degree
and try to obtain an even higher-paying job but I make "too much money" to
qualify for a grant and I cannot afford to pay tuition or loan payments. I
have tried so hard, my whole life, to play by the rules. I have tried to do
everything right. I have tried to be ethical and responsible. The outcome of
this is a life of financial hardship and stress. BANKS, on the other hand,
have NOT played by the rules and when the rules constrict banks, they spend
millions to lobby for the rules to be changed. Banks have not been ethical
nor have they been responsible. They have taken and taken and they have not
given back. Banks have consistently and intentionally avoided doing the
right thing. The outcome of this has been record profits and grandiose
corporate bonuses. I am disgusted with you and I wonder how you sleep at
night. I imagine the cushy bank account probably serves as a very
comfortable pillow. Sincerely, Cara L. Fry

Email: [email protected]

http://jobparty.nationbuilder.com/admin/signups/5362



-- 
Harry Waisbren

Job Party Organizer
www.JobParty.Us

Social Media Analyst