Kutro.com

Everything must change and so it seems to the federal government and congress when addressing the problems with the credit card industry and consumer credit in general. You would be hard pressed to find a single consumer whether an astute or casual observer who would not support a need for change.

One thing immediately comes to mind is what has taken change so long to appear on the financial radar screen? Some how the old paradigm is past the point of looking like an approaching torpedo with the ability to sink a battered economy.

Here lies a clue to the apparent urgency of new laws passed by congress emphasizing that consumer spending provides for 70 percent of all U.S. economic activity. The easy conclusion is without beefed up consumer spending the economic recovery is fast running out of steam.

A more careful analysis shows that consumers are spending at a slower pace than in times past, however the data reveals that their spending is directed toward big ticket items.

Just as promised the new Credit Card Act will do many things however possibly unintentionally curtailing even more consumer spending. The new laws will demand that credit card issuers perform the due diligence to scrutinize whether a credit card seeker has the ability to pay. By the way, the law is intended to help save consumers from themselves by preventing over spending. What a novel idea and a strange paradox in a consumption based economy.

As with anything proposed by Washington no matter how well intended beware there could be curves ahead or unintended consequences.

Changing trends brings this discussion to the X-factor which will be referred to as the missing link in all of the above credit changes. The X-factor is consumers discovering how to monetize their credit regardless of any laws passed by congress. In fact the new trend monetizing consumers credit is more important now than ever before in light of the new credit card act.

Consumers gain an unique advantage in monetizing their credit, which should provide unprecedented leverage in the marketplace. The fact that consumer spending makes up 70 percent of all economic activity here in the U.S. gives the consumer a decided advantage and opportunity to create real credit change for themselves. There are approximately 100 million taxpayers in the U.S. who all use some type of credit and with your clout and galvanized voices you can bring about a new innovative means of using credit to benefit consumers.

Coping with changing credit trends can become an empowering experience for all consumers fostering a new era in the use of consumer credit. Monetizing your credit is truly the missing link in the newly designed credit landscape. Some have asked should this be a grassroots effort front and center on main street America? You decide.

One thing that is certain in the way consumers use credit a new model is needed. The model should provide what consumers need most:

The ability to monetize credit
A platform to accept lenders bids
Discovery of monetary value of credit
Use of leverage in the marketplace
Lower interest rates gained from monetizing credit
A consumer credit auctioning and bidding process
Credit card seeker bidding concept

Current events are shaping future trends and leveling the credit and credit score playing field which should benefit the informed consumer.