That’s great you got a new laptop

Hey, That’s great you got a new laptop. Life is full of surprises and sometimes they are good! 🙂 I got my annual property tax bill for my car in the mail yesterday. So did my husband. He totally surprised me when he said,,give it to me..I’ll pay it for you. I wasn’t expecting that so it sure made my day! 🙂

Here we go again. What on earth do you think is helpful about acknowledging that CC companies are for profit and that “responsible” consumers have no credit card debt? I hope you don’t hurt yourself getting off your hight horse. Savings!? You must live in a bubble not realizing that there are those not in debt who are only living hand to mouth.

I don’t understand why you think it is up to the government to control who gets credit card offers. If they send on to someone (regardless of if they qualify and what their current debt situation is) and that person accepts the card and uses it then it is that persons responsibility not the governments or the credit card companies! All that person would have to do is tear up the offer or shred it. I don’t even open them I just shred them.

If I get myself in trouble with credit cards (which I have in the past and am now trying to get it paid off and change my spending habits) then it is not the credit card companies fault because the sent me an offer nor is it the governments fault because they did not stop the credit card company from sending the offer, it is MINE and MINE alone. I don’t understand why you continually try to push responsibility off on everyone else.

Like I have said before no one held a gun to your head and said take this card and use it or even worse max it out. I know that from personal experience and I accept the SOLE responsibility because I am the one that WILLINGLY used the card not anyone else. People have to start taking responsibility instead of trying to blame others.

There is a whole lot you don’t understand. It is up to the government to pass laws to protect people from usury.

I am not trying to push responsibility off onto someone else. I would like to see some fairness and as long as Congress is in bed with the CC/ banking industry, there is no fairness.

Simple? Have you never been laid off? Have you never had a medical emergency? Have you never had an unexpected car repair bill? I pray you never suffer the way so many others have but unfortunately what happens sometimes is one gets the credit card and has to use it in an emergency or…

Everyone should be concerned about big corporations influence on the laws in this country. Do you want loan sharks writing the laws and spineless politicians who do as they say because they are dependent on them for their outrageously expensive re elections?

As many people have found out, the terms of a credit card can change and can change in ways that are not made clear on an agreement. Many people who are currenly being held hostage with ridiclously steep fees because they are unable to pay off a balance are suffering greatly. You think this is fair when a debtor is trying to repay a debt. I don’t!

I guess you are under a belief

I guess you are under a belief that the balance on some peoples cards are that way because of what they spend. It could have nothing to do with the loan shark interest fees that they applied with a very dishonest policy called universal default! HA! The little words on the applications saying “we have the right to change the terms of this agreement at any time for any reason” do not spell out what they can and will do to a person who makes a minor mistake, and it doesn’t even need to be with their co.

It doesn’t say they will raise your interest rate to loan shark fees or that it that may result in an over the limit fee and that all these fees will result in compound interest which will also be tacked onto your bill. They won’t say they will hold you hostage with these outrageous fees if you cannot pay the balance. They call all these fees “penalty” fees! So how much penalty is enough?

If you belief most of the CC co’s are moral you not very informed.

All of the financial advisors that I have read warn people to watch out for the dirty tricks CC co’s charge. I wonder why? BTW, I am not in debt. I have not had a credit card for over ten years and I have no intention of getting one. But they sure do want me! The same goes with payday loans. You should always do your homework first and choose legitimate and reliable websites, such as Tnb Loans, Lend Up and others.

Buck up will ya? 😉

I will admit that I was also lumping you (well not really you….but all of us who have been in consumer debt over our heads) in with the “We made our bed now we get to lie in it” philosophy. After reading your post and thinking about the likely scenarios I can see where you were offended and the original poster was simply painting with too broad of a brush.

I guess there are more stories out there but I’d be willing to bet the vast majority of people swimming with the sharks got there because of that new HDTV Plasma and surround sound than medical crisis or divorce.

Overall though, this particular discussion was about predatory lending and the facts are that these corporations are doing as much as they can to pile on more profits as soon as they know a person is in a position of weakness. That’s the textbook definition of “Predation”.

Very well put:

Holding people hostage with ridiculously high fees because they committed the “crime” of not being able to pay off a balance is wrong! If a person is paying every month they should not be subject to so much high fees and interest that only a very tiny amount is applied to the principle. There are violent criminals who get far milder punishment than what is doled out to someone who commits the “crime” of getting behind with a CC co.

Reading Elizabeths Warren books, she says a lot about that….how credit used to be extended only to those who they knew were most likely be able to repay.
As long as the politicians in Washington DC are getting big donations from these CC co’s though I don’t think much will change.
I think they all know the CC co’s are out of control but money talks and some of those politicians are just too greedy & spineless to stand up for what is right.
Thumbs up to Bernie Sanders of Vermont and Chris Dodd of Connecticut who, bless their hearts, have at least tried to get changes .