Why does the government not control the interest rates and charges the credit card companies charge?

Credit label companies hit been authorised to increase seductiveness rates to over 30% if they want. They additionally found which a consumer is a bad credit venture if they hit tall balances upon loans but seeking during a actuality which payments hit been finished in additional of volume billed as substantially as upon a timely basis. It additionally seems which when a chair nears early retirement age, many companies increase a seductiveness rate to a border which it cannot be paid by a chair upon a scarred downbound budget. This forces a comparison chair to possibly go to a debt connection association (which charges for their services also) or give up paying, with a venture of loosing any resources which they hit accumulated. Either way, embarrassing, harrassing phone calls hit to be dealt with. A younger chair with no bag crapper record failure as substantially as they hit no imperishable effect to this action. we am 62, hit paid my bills every my stop up as substantially as right away every seductiveness rates increasing as substantially as we can’t hit payments, modify with debt consolidation. HELP-PUT LIMITS ON CREDIT CO.