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More feedback on credit cards

October 12, 2008

Reader Peter Wilson (Letters, Oct. 5) asks, "Why does every other business have the 'self-proclaimed' right to change prices but [credit] card issuers don't?"

Businesses don't have the right to change the price on a good or service after they've sold it to you, nor should card issuers.

How about a compromise: If a consumer acquires debt on a credit card and he's paying it off under the terms the debt was granted, then the terms remain the same until the debt is paid off or he defaults.

Hardy Hayes

Camarillo

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