Wouldn't it be funny if after all these mergers and foreign investors buying into our economy on the cheap...
1. If Congress doesn't pass the bail out.
2. Every American decided not to pay on their credit cards for 60 days?
Let's do this :smokin
Printable View
Wouldn't it be funny if after all these mergers and foreign investors buying into our economy on the cheap...
1. If Congress doesn't pass the bail out.
2. Every American decided not to pay on their credit cards for 60 days?
Let's do this :smokin
i thought you were doing that already.Quote:
Originally Posted by whottt
I started this plan in undergrad ten years ago.Quote:
Originally Posted by whottt
great depression sounds like a lot of fun.
Quote:
Originally Posted by clambake
False...I have an awesome credit rating. Never missed a credit card or loan payment in my life....well, this life anyway :smokin
Not a single late payment, all my credit cards maintain about a 30% balance on them, I have no department store credit cards except for a Best Buy and I use all of them a couple of times per month, and I take them up on their special offers at least one per year.
I am a credit card companies wet dream...by design.
The only negatives on my credit rating are that I tend cancel my cards after a couple of years when they refuse to give me lower interest rate deals and better alternatives are available.
That said...these fuckers gouge you 6 ways from Sunday...it's only fair they get a dose of their own medicine at their weakest.
best buy is the only department store card i have, too.Quote:
Originally Posted by whottt
i like their terms.
Do you also jerk off to pictures of yourself? You do know that wanting to hear the sound of your own voice doesn't work on the the interwebs right?Quote:
Originally Posted by whottt
Quote:
Originally Posted by 2centsworth
You call it a great depression...I call it a changing of the guard.
You do realize our market is being manipulated don't you? And not by those with Americas best intentions at heart.
Take a look at who's moving in if you want to see who's behind it. It's not Americans.
Quote:
Originally Posted by clambake
Dude...you got the HSBC card? If so you are probably being assfucked and don't realize it.
I got it because I am an electronics junkie...
i don't know what kind of card it is, and it wasn't that long ago that you suggested i get my ass fucked. :lolQuote:
Originally Posted by whottt
OH so you were they guy that originally thought of this idea. Wow a legend right here in ST! Whodathunkit?Quote:
Originally Posted by Mr. Peabody
Yeah, we got it.Quote:
Originally Posted by whottt
Quote:
Originally Posted by whottt
wrong cc companies bank on deliquency.......they hate your ass.
I pay off our credit card the month I use it. If I don't have enough in checking, I dip into savings. I haven't paid CC interest in 5 years.
Yeah I always pay in full, and the CC companies hate my ass.
They are constantly freezing my card after I pay diesel fuel for like 400 dollars "Well its a security issue"
no its an issue that you don't make any freaking money off of me is what it is.
lol
Would chodebload our own country boutons_ style
We can always get new banks.
C'mon you gotta admit it's kind of cathartic to think about...
I bet Ron Paul would support it.
:lolQuote:
Originally Posted by whottt
Why support them if you think they are evil? I paid mine off two years ago, and now only use them when necessary-- airline tickets, hotels, etc. I just got tired of their bullshit. A few years ago I needed them for repairs on investment properties that I had, but since then I've scaled way back and am a lot happier and much more relaxed. Do you carry the 30% balances to maximize your credit rating?Quote:
Originally Posted by whottt
It's just a way of life now.Quote:
Originally Posted by Tully365
Don't get me wrong...I don't have big balances on any one card or anything. I wouldn't get sued if I defaulted on any of them. It wouldn't be worth it to them.
Yes.Quote:
Do you carry the 30% balances to maximize your credit rating?
Well you don't make then money from interest or late fees but they still earn money on the interchange from the transaction fee paid by the merchant.Quote:
Originally Posted by T Park
They get 3% of each purchase. CC corps have no problem with people that pay in full.Quote:
Originally Posted by T Park
Use mine like cash; get the 1% back; otherwise I'm spending 1% too much on everything I buy.
I used to have a Shell card that gave a %5 discount on gas any time I filled up at a Shell station. It was awesome, but then the card got bought out by another bank and the offer disappeared.
Now I use my cards to rack up air miles, but it's not the deal it used to be since the airlines started raising the number of miles needed to buy a ticket and placing all kinds of restrictions on booking flights.
The figure has been moved from 30% to 25%.
You're better off paying a higher interest rate on a small signature loan than put major purchases on a CC if you plan to make an additional purchase within the time it would take to pay the card down. If the initial purchase pushes you to the 50% of available limit or better. The hit you'd take on your score would cost you way more on the second loan than the higher rate on the initial signature loan.
I laugh when these people come in and buy trailers on their credit cards because they have 4 and 5 percent. They think their smart. Then they wonder why 8 months down the road their stuck with 13% on the car their trying to purchase. They'll likely never figure out the ramifications of a high balance to available.
Quote:
Originally Posted by lakaluva
They'd take your home from you quicker than you can bat an eyelash....and you'd most likely lose your equity.
I haven't paid my credit cards in 60 days. Combination of stress related bill forgetting and my brother bumming $1200 to pay his rent.Quote:
Originally Posted by whottt
Fuck the credit scores. Fuck the the FICO scores. Fuck the banks. Debt free living is the way to go.
From another site. I really liked it.
Dear Wall Street Executives,
Hi, this is the lobbyist for a group called The Taxpayers, Debtors, and Insured People of the United States. Now that we've rejected the first bailout plan, I'm sure that in the spirit of tough, free market capitalism, and spirited negotiations, you'll consider our second offer. Here are some terms that I'm SURE you will find reasonable:
1) We are willing to loan you money at a very low, introductory rate of 8.9%. If you are even one nanosecond late on your payment, your rate will go from 8.9% to 32.9% instantly. You will have no right to appeal this. The interest rate increase will be retroactive. None of this "but I mailed it out Friday" nonsense. We must get it, and the check must clear, for your payment to count. A reminder: transactions that occur after 2pm are not credited until the next business day, so be sure to make your payments before then.
2) If you are late on any of your other payments to your other creditors, your rate will also be spiked to 32.9%. I know it has nothing to do with us, but if you are late paying someone else, then OBVIOUSLY you are a bigger credit risk to us.
3) We will send you onerous terms and conditions 148,000,000 pages long in 6 point font. Of course, those terms can change on a whim, at any time, so we'll be sending you hourly updates to the contract, which we expect you to read and keep up with. Sorry, we will be the only ones that can amend the contract; you cannot.
4) You will have a predetermined credit line, and if you go over it by even $1, your interest rate will spike to 54.9%. Sorry, it's in the contract on page 109,209,392.
5) The bankruptcy laws have now changed. If you get into a bind, I'm afraid you won't find much sympathy; no more silly excuses will be accepted. We are going to have the titles to all of your buildings and physical assets put in our name, so when the inevitable time comes and you trip up, we'll simply take everything from you. There will be no court hearing.
6) We'll be conducting a background check, driving records check, drug test, and disease risk check of all of the top executives of your firm. After all, you're a riskier loan if you have any of those afflictions, aren't you? Well, if we find ANYTHING wrong, your interest rate will skyrocket, instantly, and without notice.
7) If your business is located in a "bad neighborhood", or a "poor city", or a "hurricane zone", or "flood plane", or "terrorist targeted city", as defined by us, we can raise your interest rates at any time, to any rate we choose.
For the last quarter century or so, you've imposed these terms, or some variation of them on us, when loaning us money or insuring us... arguing every single time that it's "necessary" and that these sorts of changes "will result in more profitable companies that will pass the savings along to consumers". Well, now that we're in the role of lender, and you're in the role of borrower, we're sure that you'll find these same terms fair.
Wall Street, prove the cynics wrong and accept our new plan. Prove to everyone that you're not the hypocrites that everyone thinks you are.
Best regards,
THE TAXPAYERS, DEBTORS, AND INSURED PEOPLES OF THE USA
Offer not valid in all 50 states. Terms, conditions, and interest rates subject to change at any time without notice. Borrower subject to intrusive credit, background, education, and criminal checks before issuance of loan. Upon any dispute, arbitration will be decided by someone tilted to rule in favor of taxpayers, and not by any indepedant or otherwise objective authority.
You Do remember us, exhausted and angry people of US of A
__________________
That was funny. What is not funny is the letter I received today from GE Money indicating they're raising my interest rate on a card I have from them to 29% effective immediately. And I paid the bills always on time and what not.Quote:
Originally Posted by byrontx
Good thing I only owe $150 on that one. I'll be paying it off as soon as I get the next statement...
Freegans of the world unite!Quote:
Originally Posted by SnakeBoy
It's one pretty obvious indication of this country's main problem when carrying debt in many instances will get you a higher credit rating than paying it off and being debt-free.
Don't wait for the statement. Make the call now and pay it off.Quote:
Originally Posted by ElNono
I'm not sure why you would say that. Sure paying on a debt for a length of time can be beneficial because history plays a part in it but with a solid history and no debt you're way better off than having balances on the books.Quote:
Originally Posted by Tully365