This is definitely not good for competition. A number of consumer groups including Consumer's Union and the Consumer Federation of America plan to ask the Justice Department to reject the merger and we tend to agree with them. We are watching ATT be reconstructed again right in front of our eyes. If the FCC is going to allow this to happen you have to ask why they broke them up in the first place.
More Quotes from Bill Hardekopf:
Every person who pays off their credit card in full each month should be using a credit card that gives a rebate or a reward. Otherwise, you are being economically foolish. Some of these cards pay you a significant cash rebate just for using the card.Bill Hardekopf
There are so many different options for consumers that didn't exist 20 years ago.
Bill Hardekopf
The largest carriers have raised rates each and every month this year. Instead of increasing across the board they have been increasing rates for one plan one month and another the next month.
Bill Hardekopf
Some people still don't realize how much and how easily they can save on their long-distance bills.
Bill Hardekopf
These households have probably gone through budget shock--as their balances have risen, the interest rates have also increased every few months and the minimum payment percentage has just increased. The average APR is now above 13, so carrying that balance is getting very expensive. The average household is paying over 700 per year in interest for credit cards.
Bill Hardekopf
If it's not back there by the due date, you can go into a default rate here very quickly. If you miss a couple of payments, you can be charged a default rate, which can be up to 28 percent.
Bill Hardekopf
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