Welcome To The Company Store, 2013

[Charles]

Originally Posted by finnbow

I think that the big banks somehow think that they are entitled to a cut of every single financial transaction made in this country. By virtue of the banks bankrolling politicians, I wouldn't look for them to change it. The GOP was outspoken in its opposition to the creation of the Consumer Financial Protection Bureau, the newly formed organization formed to deal with such abuses.

I think they were opposed as to what they consider is a lack of oversight, but what to I know.

The disinformation and outright lies circulating in this country makes it difficult for me to come to a rational decision.

But I do know that after congress "fixed" the credit card problem a few years back, my rates doubled, along with my line of credit. I was a "valued customer", according to a letter I received from whoever had my business card account at the time.

This was such an insult to my intelligence that I promptly closed that account...only to find out that the rest of them weren't any better.

Since then, I've only carried a balance perhaps three times, generally due to my lackadaisical approach to billing. I hate to give those thieving bastards a nickle, but it's worth fifteen bucks or so every now and then so I don't have to sit up all night auditing accounts when I don't want to.

I guess paying around 50 bucks or so in interest over the last 4 years or so isn't too bad as they generally give me back around 1K every year. But I still hate their guts.

Chas

[finnbow]

Originally Posted by Charles

I think they were opposed as to what they consider is a lack of oversight, but what to I know.

The disinformation and outright lies circulating in this country makes it difficult for me to come to a rational decision.

But I do know that after congress "fixed" the credit card problem a few years back, my rates doubled, along with my line of credit. I was a "valued customer", according to a letter I received from whoever had my business card account at the time.

This was such an insult to my intelligence that I promptly closed that account...only to find out that the rest of them weren't any better.

Since then, I've only carried a balance perhaps three times, generally due to my lackadaisical approach to billing. I hate to give those thieving bastards a nickle, but it's worth fifteen bucks or so every now and then so I don't have to sit up all night auditing accounts when I don't want to.

I guess paying around 50 bucks or so in interest over the last 4 years or so isn't too bad as they generally give me back around 1K every year. But I still hate their guts.

Chas

I pretty much agree with everything you wrote. FWIW, I've never run a balance on a credit card in over thirty years. Scoundrels.

[Rajoo]

Originally Posted by Charles

But I do know that after congress "fixed" the credit card problem a few years back, my rates doubled, along with my line of credit. I was a "valued customer", according to a letter I received from whoever had my business card account at the time.

Chas

I suggest it were the lobbyists and not the congress that did the deed. And then for doubling your rate they give you double the enticement.
We then get to watch these guys being bailed out.

[icenine]

I do not understand why workers would accept this. It would be better to just wait in line and get paid in cash like in the old days.

[BlueStreak]

Originally Posted by finnbow

I pretty much agree with everything you wrote. FWIW, I've never run a balance on a credit card in over thirty years. Scoundrels.

Everytime I pay a card off, something breaks. Then, before I can pay that, something else breaks..............

Dave

[icenine]

When you die can they get your credit card debt?
Say your house is paid off and you leave it to a child...will they come after the child for the unpaid balance? Can they? I know it is unsecured debt....

[BlueStreak]

Originally Posted by icenine

When you die can they get your credit card debt?
Say your house is paid off and you leave it to a child...will they come after the child for the unpaid balance? Can they? I know it is unsecured debt....

Once you're dead, I'd say you're beyond caring about credit cards.

Dave

[icenine]

Originally Posted by BlueStreak

Once you're dead, I'd say you're beyond caring about credit cards.

Dave

that is why they will never let us do what I think Edward G Robinson did in Soylent Green...remember the death emporium?

[Charles]

Originally Posted by finnbow

I pretty much agree with everything you wrote. FWIW, I've never run a balance on a credit card in over thirty years. Scoundrels.

I haven't always been able to just write everyone a check until the last few years. Since then, I've taken quite a liking to this debt free living, I don't even want to borrow money to make money.

Perhaps I should reevaluate my position on this, but I find the thought of paying ANY interest to be so loathsome that I've become overly narrow minded on the subject.

Chas

[finnbow]

Originally Posted by Charles

Perhaps I should reevaluate my position on this, but I find the thought of paying ANY interest to be so loathsome that I've become overly narrow minded on the subject.

Chas

Becoming Muslim, are ya?