Fix Unfair Credit Card practices, Fix the U.S. Economy, it really is that simple.

In the United States, the following solutions would solve our economic situation, but they are not being done. 

1. Offer Credit Card Debt Suspension Insurance at reasonable rates of 5 cents to 15 cents per 100 dollars of debt per month. NOT the 99 cents per 100 dollars per month or higher that has been offered in the past.

2. Allow courts to distinguish between involuntary credit card defaults and strategic credit card defaults rather than treat them both as identical. Then, offer repayment plans to involuntary credit card defaulters that don't include ongoing penalties, fees and interest rate charges and that don't perpetually hurt the involuntary credit card defaulter's credit score while they are paying down the default.

3. Reduce everyone's credit card debt by 65% as an acknowledgement that 

• A. 2% monthly minimum payments entrap consumers into a lifetime of debt. (Department of Justice study confirms this). 
• B. for overcharging debt suspension insurance premiums by 1000% to 2000% over the past 15 years!

4. Simultaneously raise everyone's monthly minimum payment requirement to 5% of what is due. People will still pay approximately the same amount every month as they were paying with the 2% monthly minimum payment and 65% higher credit card debt, but they will have

• A. 65% less overall credit card debt, 
• B. have a higher percentage of what they pay every month to use respend money if they need to, 
• C. will feel the "shock" of debt quicker when they begin to over borrow, 
• D. and will have a more realistic opportunity to get out of debt by simply trying.

Banks got a bailout while consumers have been publicly angry because they really didn't get the timely help they needed.

The above ideas solve the issue for everyone without giving the public anything they did not already earn, such as the right to be treated fairly by financial institutions while receiving consumer reparations for past harmful policies.

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