Ethics and credit cards

[ChumpDumper]

Just pay them something each month -- doesn't even have to be their minimum -- until you get a good balance transfer deal.

[Clandestino]

credit scores affect everything from insurance or getting time warner... and yes, you willl probably have a credit check for your career as a cpa. most people don't want an accountant who can't even manage his own .

and give me a ing break about "simple contract dispute." the was in black and white when you signed the credit card agreement. if you don't pay we can jack your up to the max.

[RandomGuy]

credit scores affect everything from insurance or getting time warner... and yes, you willl probably have a credit check for your career as a cpa. most people don't want an accountant who can't even manage his own .

and give me a ing break about "simple contract dispute." the was in black and white when you signed the credit card agreement. if you don't pay we can jack your up to the max.

True on both counts.

Just as they have the power to change the contract terms, so do I. I will work within their rules a while longer, and attempt to negotiate without going nuclear before hand.

One other option open is just using my last round of student loans to pay off a good chunk of the credit cards. I would not be any further in debt, but would have exchanged 3% debt for 33% debt.

Would that be more in line with something you would accept ethically?

[RandomGuy]

Again, I don't mind being penalized for not holding up 100% to my end of the bargain.

I accept my personal responsibility here.

What you have failed to answer is where is the ethical line on the part of the credit card company?

[Clandestino]

it is written that you will be charged prime + whatever high rate they charge if you default. if you think you may ever fall into that situation, then don't apply for the card. nothing unethical about informing you of the consequences and you still choosing to live outside your means