Posted on 09/17/2009 6:10:42 PM PDT by Libloather
That’s why she needs to take her business elsewhere
When ya play with snakes, don’t be surprised when ya git bit!
Thanks Diana and INBN for the ping!
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My cc rates have been raised on most of my cards except the balance transfer I did a few years ago. My credit score is gold plated. I have never missed a payment in thirty years and pay off my payments each month.
Immoral? What's immoral about it? They offer it and I accept it. It's a business agreement. I don't pay a cent in interest and yet the c.c. company makes money on every c.c. purchase I make because they have business agreements with merchants I make the purchases from.
Free enterprise at its finest.
Awesome link! Thanks.
My hubby and I WERE completely debt free until we were transfered. We’re now waiting on our old home to sell, so that we can pay off the new digs.
I use a CC as a convenience, so that I don't have to lug cash or a checkbook around.
I don't intend to ever pay a dime in fees or interest to any CC issuer. If they ever pulled a stunt like what you described, I would have no further use for the CC.
Dearest weirdo, I pay more in taxes every year than you have probably made in the last decade. I support several generations of family, and charities would feel my absence.
I'm not sure of your point, if you had one, but my original statement stands.
I wish the woman the best, hope she is a lesson to many about entering open-ended contracts of any sort, and I hope all the banksters die crying in the rain.
Clear enough for you?
We never paid a balance transfer fee. We only chose the ones without BTF. I haven’t looked at them in quite awhile. Will look the next few times we get one in the mail. No debt & 100% interest free are the only way to go. Purposing to get out of debt, vehicles and mortgage free was our goal for many years. Being thrifty became a science. It was worth it and our children have all learned the art.
Where would the disincentive to the bank be for the chicanery? If they do this to 100 people and some people go along and the most assertive just keep doing what they would have done anyway, what does the bank have to lose. Also, it's a credit card account, so she determines the amount she pays each month and the difference over or under the total of purchases and interest changes the balance. So the extra interest she supposedly wasn't paying would just accrue to the balance, and if she wanted to get out of paying she'd have to negotiate or have a showdown with the bank at some point anyway to get it taken back out.
Seems you’ve already drank from the well ... LOL
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