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ross
join:2000-08-16
 ·Digizip
| reply to Anonymous_
Re: [Rant] Citi....ARGH!
said by Anonymous_  : that is not possible he would have to walk down the hill one of the ways unless there was a earthquake that lifted one side of the town I think he would disagree with you, but, in my defense, I was only summing up his pseudo-despondent take on the difficulty of toiling in unheralded obscurity his daily tasks to complete... woe is him, there is no justice for the just... besides, those poor old banks have a right to throw their depositors' money down the proverbial rathole... er, fleece their customers... um, return a profit to their shareholders... tsk, tsk, tsk, poor old banks... | |
dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
| reply to Mele20
said by Mele20 :The new transfer at the much higher rate would not be paid off first because the new rules haven't gone into effect so it would sit there gathering huge interest for them. You watch those 0% offers dry up a day after the rules go into effect!
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When I gez aju zavateh na nalechoo more new yonooz tonigh molinigh - Ken Lee | |
dcurrey
Premium
join:2004-06-29
 ·ViaTalk
| reply to Mele20
said by Mele20 :Which Sears card now has a $40 fee? Regular Sears or Sears Mastercard? I got letters a couple of months ago about both of them raising the interest rate to something like 25% (Sears MC had been at 9.99%). I had nothing charged on either. I don't recall anything about a $40 a year fee! I didn't cancel them because the Sears card is occasionally useful like at Christmas for electronics large purchase with no interest for a year and an additional 10-20% off. But if they have yearly fees, I will cancel them. EDIT: Can't believe I missed that in the Sears MasterCard letter. But it says an "annual fee of $15" which will be applied each January. Sears MC, I am almost positive it was like $40. We hardly ever used it. Don't have the new terms anymore. Just keep the cancellation letter the sent me when I opted out. | |
Rexter
YeeHaw
join:2002-11-17
cloud 9
| reply to KrK
This started long before Obama. He's simply the one driving the spear at this point. And yes, socialism=bad, capitalism=good. Just read a history book.
Government has a role, and duty to regulate, but it's a very small one. The fed is about a thousand times larger, and more powerful than it should be. Most people don't believe that the government should do nothing, we just believe it should do less than it is. Why? Because the Federal Government has a long, and undeniable track record of incompetence. The lack of logic amazes me. The Federal Government is a rabid Pit Bull. Yet we seem to think that if we feed, grow it, and make it stronger, somehow it will turn into a productive work Horse. I hate to tell you, that's not going to happen. As it becomes stronger, it only becomes more dangerous, more destructive, and less productive.
Lets have a moment of agreement here. After abuse, or any bad business practices for that matter, then comes correction. Correction is a free market term that only occurs properly without Governmental perversion of the system. The simple fact is these credit card companies are a lot smarter than politicians. That's what is going on here. They are positioning themselves to benefit from whatever new rules are implemented. Government will prove its incompetence, yet again. They will win, and we will loose. Free market capitalism is the only force powerful enough to stop this win/loose scenario.
And to address your last point. What you called a bailout of failed capitalists was a postponement of market correction. Correction of a failed socialist system that created an artificial economic system based on easy credit, and free money. This in turn facilitated individual greed. The idea that "I can have it all, and pay for it later." ran rampant. People bought bigger houses than they could afford, started living off credit card(present company included,) as there seemed to be no end to available credit. Well the party is over. Those who understood what was going on got filthy rich, they rest of us are broke. It's time to pay the piper.
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With every new wave of optimism, or pessimism, we are ready to abandon history, and time tested principles, but we cling tenaciously and unquestioningly to our prejudices. (Benjamin Graham) | |
Hesher
Premium
join:2002-09-26
Sycamore, IL
 ·Comcast
·Comcast Formerly ..
| reply to Hesher
Chase is just as bad as Citi. They upped one of my wifes cards to 30% a year ago. I argued round and round with Mr. Patel on the other end of the phone. He didn't care.
First their excuse was my wife missed a payment....I had the payment history right in front of me, so I put a stop to that excuse
Second it was that our balance was too high compared to the limit......bs again, we were at less than a 50% balance to limit ratio
Third was because she ran the charges up too quickly in March of 2007. I agreed they ran up quickly then, but I also pointed out that in April of 07 we were at 85% of the limit at the end of that month (about $7K if I remember), then in June of 07, we paid it off in full.
They were so generous and lowered the rate from 30% to 27%....what a gift.....read sarcasm.
Three weeks after that phone call, we got a letter lowering the limit to exactly what the balance was. I flipped because I was afraid that after they charged the interest, we'd have an over the limit fee. They didn't agree or deny that. I ended up paying down about $1000 of that one right away just to avoid the possibility of over the limit fees.
I don't blame Obama....I blame the whole system....democrats and republicans. As long as these big companies know the government will keep bailing them out, nothing will change....they've proved that, yet we keep giving to them. | |
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