The banks are preparing for the Feb. 22 CARD Act Part 2 changes, by extracting everything they can out of you while it is still "legal". Apparently by demanding full payment while you are still paying monthly, they place you in full default on the debt immediately, instead of just the payment due. Not much difference since you cannot pay it back anyway. There is no reason to give them another cent! They could not pull this on you after Feb. 22.

Here are the CARD Act provisions effective Feb 22 and Aug 22, 2010:

Effective February 22, 2010Effective August 22, 2010http://www.creditbloggers.com/2010/0...f-georgia.html