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Due Date Creep

The major reason for credit card debt being so high and the increasing number of personal bankruptcies is "Due Date Creep". Let me make a brief comparison. When I obtained my 1st credit card in 1970, the statement issue date might be the 1st, 12th, or 17th, or End-of-Month (of January), but the Due Date would be the Same date the Next month (of February). The Grace Period began on this Due Date and ended on the Due Date of the 2nd-Next month (of March), so a customer had an Issue period of 28-31 days to pay ON TIME (the current calendar month to pay), then if not paid, an extended Grace Period of 28-31 days before the Credit Reporting Agencies were notified of a 60-Day Late status on the account. THEY-The credit card Companies issue credit on these criteria: your monthly-annualized earnings and your past payment history. By monthly-annualized earnings it is assumed THEY Bill customers each calendar month, and They do. However, Now THEY might issue a statement on the 1st but The Due Date may be the 25th of the Same month , & some THEY companies have moved the Due Date forward to the 20th day of the Same Month of the Statement Issue Date, this is euphemistically called a Grace Period. It is a FRAUD by the Credit Card Companies to base Credit terms upon false criteria, or to collect payment on any other terms, than those which are stated and are common. A calendar month is 28-31 days- a fact which is based upon verified scientific astronomical data. Every person is paid and bases their personal budgets upon a 28-31 day natural cycle. Payrolls are paid either: weekly, bi-weekly, once monthly(with periodic draws), bi-monthly on the 1st & 15th, or 15th and EOM. In all these methods if may be shown that persons do not have access to their entire monthly budget until the 28th day of every succeeding payroll period. Examples: Bi-weekly Payroll; Paid every 14 days, twice monthly = 28 days. Weekly Payroll; Paid every 7 days 4X monthly = 28 days. Bi=monthly payroll; in February- the 15th and 28th = 28 days, in February (of Leap Year only)- the 15th and 29th= 29 days- April, June, September, November- the 15th and 30th= 30 days. All other months each year- 15th and 31st= 31 days. However, the Credit Crad Companies are jumping into every persons pocket on the 25th or 20th day of the payroll cycle, before the person has access to their entire budget. This is an effective rate of collection of 14 billing statements per year, not what we bargained for in applying for credit or is it being solicited to take credit. Do the math: 25DaysPerCycle/365 = 14.6 effective statement collection cycles per year --- 20DaysPerCycle/365 = 18.25 effective statement collection cycles per year. This means it is necessary to borrow from these same Credit Card Companies to insure On Time payments every billing cycle, and if not then Late Charges & elevated interest rates. But the most insidious is using Late payments on other accounts as a bases for elevating interest on accounts even if not ever Late. Shouldn't who, when, and what amount you pay a creditor be a private budget decision and between you and that particular creditor? The US Constitution under the power to standardize weights and measures (ARTI,Sec8) must standardize the measure of the lenght of a month for business purposes.