letters and counting!
---------- 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