asphalt.jungle
(792 posts)
Send PM |
Profile |
Ignore
|
Fri Apr-24-09 09:57 AM
Response to Reply #56 |
| 64. So you don't see whining about credit card terms when you CHOOSE to buy luxury items -- |
|
and yes a 45" LCD HDTV is a luxury item -- with that same credit card as a little hypocritical? I find that kind of passing the buck irresponsibility disappointing. If I financed a luxury purchase like that it would mean I'm able to pay it off in two months tops. In fact, if it's going to be longer then it would have to be one of those deals where it's interest free on a store card for 6 months or something. I use credit cards as a substitute for my debit card for online purchases, restaurants, etc. because fraud is much easier to deal with on a credit card and I don't walk around with much cash. But I don't use it to buy things I can't afford or don't intend on paying off in full when the bill comes.
There are always cheaper options than a 45" LCD HDTV. And if it's going to take you years to pay that off then the responsible thing to do is buy something much cheaper. That's not an item anyone is entitled too. So if you want to be a sucker for a credit card company and believe that you are ENTITLED to such items then don't cry when it's time to pay the piper.
|
| -That's it? Obama wants clear CC bills and no "sudden" rate increases? |
cwcwmack |
Apr-23-09 02:35 PM |
#0 |
 -
"Retroactive rate ceilings?" |
onetwo |
Apr-23-09 02:44 PM |
#1 |
 -
Deleted message |
Name removed |
Apr-23-09 02:46 PM |
#3 |
| -
how sweet... |
cwcwmack |
Apr-23-09 02:49 PM |
#5 |
 -
Credit cards are a luxury. |
onetwo |
Apr-23-09 02:59 PM |
#6 |
| -
For many they were not a luxury, you musy know that |
jbnow |
Apr-23-09 04:33 PM |
#24 |
| -
According to what barometer? |
SanchoPanza |
Apr-23-09 11:35 PM |
#50 |
| -
Yes, to pay for medical expenses, food, utility bills, clothing for your children |
LostinVA |
Apr-24-09 12:23 PM |
#73 |
| -
Credit cards USED TO BE a luxury |
Raineyb |
Apr-24-09 01:35 PM |
#81 |
| -
jeez, I will remember to tell that to a friend who uses it to pay for |
roguevalley |
Apr-24-09 04:03 PM |
#87 |
| -
Umm, people are using CC for things like |
krawhitham |
Apr-25-09 09:01 PM |
#108 |
| -
Yes...but |
ecstatic |
Apr-28-09 08:22 AM |
#142 |
| -
You could also define it as usury rather then luxury, and I think that would be more accurate |
digidigido |
Apr-28-09 12:30 AM |
#137 |
| -
spoken like a true capitalist... n/t |
cwcwmack |
Apr-23-09 02:47 PM |
#4 |
| -
Properly regulated capitalism is a beautiful thing. |
onetwo |
Apr-23-09 03:07 PM |
#7 |
| -
LOL "properly regulated capitalism" |
leftstreet |
Apr-23-09 06:07 PM |
#34 |
| -
LOL! |
onetwo |
Apr-23-09 11:04 PM |
#44 |
| -
and what, pray tell, do you suggest? redistribution? |
mkultra |
Apr-24-09 11:28 AM |
#67 |
| -
How about some serious government intervention/regulation |
rpannier |
Apr-24-09 10:19 PM |
#98 |
| -
our predatory capitalist system isn't working very well either |
avaistheone1 |
Apr-26-09 01:19 AM |
#110 |
| -
I'm old and I've never seen properly regulated capitalism. |
roguevalley |
Apr-24-09 04:04 PM |
#89 |
| -
Like America itself, it is still a work-in-progress. The fact of the matter is that |
onetwo |
Apr-26-09 01:17 PM |
#125 |
| -
Do you think credit cards should be set at 0%? |
Renew Deal |
Apr-23-09 04:08 PM |
#16 |
| -
Banks are getting taxpayer money for 0%. How dare they charge |
avaistheone1 |
Apr-26-09 01:21 AM |
#111 |
| -
Banks are not getting the bailout money for free. n/t |
raebrek |
Apr-27-09 10:16 AM |
#129 |
| -
They're getting it for significantly cheaper than the |
Raineyb |
Apr-27-09 10:46 AM |
#130 |
| -
Yes |
raebrek |
Apr-28-09 07:49 AM |
#138 |
| -
horzeshit... |
gmoney |
Apr-23-09 04:47 PM |
#29 |
| -
For the most part, prime banks become sharks when promises are broken... |
onetwo |
Apr-23-09 05:39 PM |
#32 |
| -
Well, evidently you've had a reliable income stream your whole life. |
gmoney |
Apr-23-09 06:07 PM |
#33 |
| -
You're concerned with the penalties. |
onetwo |
Apr-24-09 12:07 AM |
#52 |
| -
banks can fuck themselves. they are usurious and people are |
roguevalley |
Apr-24-09 04:06 PM |
#90 |
| -
That assumes you have the potential to do so |
quakerboy |
Apr-24-09 01:36 AM |
#55 |
| -
Yet here we are with c/c companies changing their rates and rules |
rpannier |
Apr-23-09 11:24 PM |
#47 |
| -
yeah but the tooth fairy set the price with magic fairy dust |
izzybeans |
Apr-24-09 03:12 PM |
#86 |
| -
Damned toothfairy |
rpannier |
Apr-24-09 06:39 PM |
#95 |
| -
Banks shouldn't rely on the US taxpayer to guarantee their bad bets. |
Romulox |
Apr-24-09 08:58 AM |
#62 |
| -
Not true -- price gouging is against the law, and usury used to be |
LostinVA |
Apr-24-09 12:21 PM |
#72 |
| -
Legally, the government can step in to fight price gouging only during emergencies (eg Katrina) |
onetwo |
Apr-26-09 01:12 PM |
#124 |
| -
You just broke my bull shit detector. |
avaistheone1 |
Apr-26-09 01:30 AM |
#114 |
| -
Exactly how did I break it? |
onetwo |
Apr-26-09 01:18 PM |
#126 |
| -
ok |
cwcwmack |
Apr-23-09 02:46 PM |
#2 |
| -
one shouldn't have a $999 LCD TV if you can't pay for it cash |
asphalt.jungle |
Apr-23-09 03:10 PM |
#8 |
| -
Where do you buy a new CRT TV? |
Leftist Agitator |
Apr-23-09 11:26 PM |
#48 |
| -
i see them in bjs all the time. |
asphalt.jungle |
Apr-24-09 12:25 AM |
#53 |
| -
How needs a fricken tv anyway |
mkultra |
Apr-24-09 11:31 AM |
#69 |
| -
some people didn't have credit card problems until the FUCKING |
roguevalley |
Apr-24-09 04:08 PM |
#91 |
| -
well, far be it for me to come down on the less fortunate |
mkultra |
Apr-24-09 09:40 PM |
#97 |
| -
so then credit cards just shouldnt exist |
quakerboy |
Apr-24-09 01:41 AM |
#56 |
| -
So you don't see whining about credit card terms when you CHOOSE to buy luxury items -- |
asphalt.jungle |
Apr-24-09 09:57 AM |
#64 |
| -
I find the assumption that that is what credit cards have been used for |
quakerboy |
Apr-24-09 12:35 PM |
#77 |
| -
other scenarios weren't discussed in the post i originally responded to |
asphalt.jungle |
Apr-24-09 12:49 PM |
#79 |
| -
Who are you to tell peope what kind of TV they should or should not have? |
Freddie Stubbs |
Apr-24-09 11:29 AM |
#68 |
| -
anyone who must listen to credit card debtors bitch, thats who. |
mkultra |
Apr-24-09 11:32 AM |
#70 |
| -
if they are going to bitch about how unfair it is that it takes them years to pay it off |
asphalt.jungle |
Apr-24-09 12:31 PM |
#76 |
| -
Irrelevant ... |
Trajan |
Apr-25-09 06:52 PM |
#102 |
| -
The problem with arbitrary ceilings is that they are arbitrary. Low ceilings can hurt many of us... |
onetwo |
Apr-23-09 03:29 PM |
#10 |
| -
And a pony! I WANT A PONY! |
MercutioATC |
Apr-23-09 03:48 PM |
#12 |
| -
We used to have ceilings they were covered by usury laws. |
Raineyb |
Apr-23-09 04:02 PM |
#14 |
| -
It's set by state law, but there ARE usury laws... |
MercutioATC |
Apr-23-09 04:09 PM |
#18 |
| -
There need to be federal usury laws that apply to banks, not just credit unions. (nt) |
w4rma |
Apr-23-09 06:52 PM |
#40 |
| -
. |
mkultra |
Apr-24-09 11:33 AM |
#71 |
| -
You're wrong. State usury laws don't mean anything to the credit card companies |
Raineyb |
Apr-24-09 10:13 AM |
#65 |
| -
wow |
cwcwmack |
Apr-24-09 10:36 AM |
#66 |
| -
Thanks for that smack down |
Trajan |
Apr-25-09 07:02 PM |
#103 |
| -
It is more than a bit disconcerting |
Raineyb |
Apr-26-09 02:53 AM |
#117 |
| -
I agree with this. The usury laws that credit unions have to abide by, banks should have to also. |
w4rma |
Apr-23-09 06:51 PM |
#39 |
| -
I want mine to be named "Tucker" I asked President Obama for it already. n/t |
vaberella |
Apr-23-09 04:14 PM |
#20 |
| -
Then the raised rates should not be on people who |
jbnow |
Apr-23-09 04:42 PM |
#27 |
| -
As per Skinner, "I want a pony" is now against DU rules |
LostinVA |
Apr-24-09 12:27 PM |
#75 |
| -
It's a good thing that all I want is a tiny horsie! |
Silent3 |
Apr-24-09 02:25 PM |
#83 |
| -
Yes -- he said it in his big GD thread |
LostinVA |
Apr-24-09 02:45 PM |
#85 |
| -
That is not the understanding I got from the thread. n/t |
lumberjack_jeff |
Apr-27-09 10:49 AM |
#132 |
| -
if people are such a risk cut them off and let them pay the balance |
roguevalley |
Apr-24-09 04:11 PM |
#92 |
| -
Total payment ceiling = higher minimum payments |
high density |
Apr-23-09 03:49 PM |
#13 |
| -
The next outrage, coming right up... |
alcibiades_mystery |
Apr-23-09 03:11 PM |
#9 |
| -
What took it so long? |
FrenchieCat |
Apr-23-09 03:33 PM |
#11 |
| -
I was just about to say. ~sigh~ n/t |
vaberella |
Apr-23-09 04:11 PM |
#19 |
| -
Yup... |
jberryhill |
Apr-23-09 06:56 PM |
#41 |
| -
15 BILLION DOLLARS |
cwcwmack |
Apr-23-09 04:03 PM |
#15 |
| -
Why are you so angry at people that pay late? |
Renew Deal |
Apr-23-09 04:09 PM |
#17 |
| -
True, irresponsible borrowers shouldn't get sympathy. However... |
onetwo |
Apr-23-09 04:25 PM |
#23 |
| -
I think it's wrong. |
cwcwmack |
Apr-23-09 04:33 PM |
#25 |
| -
Right on |
mvd |
Apr-23-09 04:35 PM |
#26 |
| -
Yes and no |
joeglow3 |
Apr-23-09 04:44 PM |
#28 |
| -
I had to fight two late charges, |
Autumn |
Apr-23-09 04:14 PM |
#21 |
| -
It's a good start. Hopefully not all Obama pushes for |
mvd |
Apr-23-09 04:25 PM |
#22 |
| -
Imagine if there were a ceiling on auto insurance premiums. |
onetwo |
Apr-23-09 05:16 PM |
#31 |
| -
I don't agree at all |
mvd |
Apr-23-09 06:41 PM |
#37 |
| -
If you already have credit and your rates are sky-high, a ceiling sounds like a splendid idea. |
onetwo |
Apr-23-09 11:55 PM |
#51 |
| -
Hmmm.. sometimes the banks will make you think there's a good deal when there isn't |
mvd |
Apr-24-09 01:08 AM |
#54 |
| -
Not too long ago 25% interest would be loan sharking. |
The Wielding Truth |
Apr-24-09 04:18 AM |
#61 |
| -
While your economic logic makes sense, it's a question of the size of each effect |
Hippo_Tron |
Apr-26-09 04:55 AM |
#118 |
| -
You're right. HOWEVER. (2 points) |
onetwo |
Apr-27-09 01:51 PM |
#135 |
| -
When limited to the simple supply and demand model price floors and ceilings are inefficient |
Hippo_Tron |
Apr-28-09 12:11 AM |
#136 |
| -
Same tired old disclosure platitudes |
depakid |
Apr-23-09 05:03 PM |
#30 |
| -
I am beginning to find the moniker of "New" Democrat very repugnant |
avaistheone1 |
Apr-26-09 01:42 AM |
#115 |
| -
A reasonable rate ceiling would be great |
andym |
Apr-23-09 06:16 PM |
#35 |
| -
Retroactive anything is going to be off the table. Retroactive punitive taxes, retroactive pay |
EmilyAnne |
Apr-23-09 06:40 PM |
#36 |
| -
Congress wants a cap, so that's leverage for better behavior. Still need to make a |
MarjorieG |
Apr-23-09 06:45 PM |
#38 |
| -
hopefully |
cwcwmack |
Apr-23-09 07:12 PM |
#42 |
| -
Actually, Obama DID tell them to quit the sudden rate increases |
HopeOverFear |
Apr-23-09 07:29 PM |
#43 |
| -
Those are two of the main complaints. When they raise rates, they do it so |
Honeycombe8 |
Apr-23-09 11:21 PM |
#45 |
| -
How about a link? I'm sure I can provide one, but you should, seeing |
babylonsister |
Apr-23-09 11:23 PM |
#46 |
| -
Do you read your credit card junk mail? I received notices from 2 card |
NoSheep |
Apr-23-09 11:32 PM |
#49 |
| -
I think Obama should make everything free. If he doesn't, he has betrayed us. |
BlooInBloo |
Apr-24-09 02:59 AM |
#57 |
| -
How about looking to the prevailing practices prior to deregulation and widespread abuses? |
depakid |
Apr-24-09 03:37 AM |
#58 |
| -
Ah. I didn't realize there were price ceilings prior to deregulation. Thanks for the info! |
BlooInBloo |
Apr-24-09 03:41 AM |
#59 |
| -
There were caps to interest- and you didn't see a whole host of exhorbitant late fees |
depakid |
Apr-24-09 03:57 AM |
#60 |
| -
Yes, that is why we used to have Usury laws to protect the public |
avaistheone1 |
Apr-26-09 01:25 AM |
#112 |
| -
One fails to realize many things |
Bluenorthwest |
Apr-24-09 09:16 AM |
#63 |
| -
Very dissappinting -- at the very least, anti-usury laws should have been passed |
LostinVA |
Apr-24-09 12:24 PM |
#74 |
| -
Agreed - but I never expected Obama to suggest anything so bold. |
Political Heretic |
Apr-24-09 12:36 PM |
#78 |
| -
True & true! |
LostinVA |
Apr-24-09 01:50 PM |
#82 |
| -
Hope I'm not naive here, but maybe if he proposed.. |
mvd |
Apr-24-09 02:33 PM |
#84 |
| -
banks are cutting their own throats making credit debt too hard to |
roguevalley |
Apr-24-09 04:15 PM |
#93 |
| -
I agree with you |
mvd |
Apr-24-09 04:27 PM |
#94 |
| -
getting smaller amounts over a reasonable time is better than the defaults |
roguevalley |
Apr-25-09 12:05 AM |
#100 |
| -
Well at least Obama did say the Wall St bankers were naughty. |
avaistheone1 |
Apr-26-09 01:28 AM |
#113 |
| -
"Bold" isn't the word I would use. "Sensible" perhaps |
Lorien |
Apr-28-09 08:01 AM |
#139 |
| -
Deleted message |
Name removed |
Apr-24-09 12:50 PM |
#80 |
| -
Now we'll know exactly how we're getting reamed. |
rucky |
Apr-24-09 04:03 PM |
#88 |
| -
how f'ing useless |
nickinSTL |
Apr-24-09 07:30 PM |
#96 |
| -
Oh, by all means, lets give free money to everyone in debt. yeah, right, spend my money on it. |
NYC_SKP |
Apr-24-09 10:33 PM |
#99 |
| -
Since when is considering a proposal insufficient to solve a problem considered whining? |
Raineyb |
Apr-25-09 06:25 PM |
#101 |
| -
. |
NYC_SKP |
Apr-25-09 07:33 PM |
#104 |
| -
As to the business practices of the credit card companies your complaints are |
Raineyb |
Apr-25-09 08:02 PM |
#105 |
| -
And I'm not paying for other peoples' mistakes. I am willing to bust the CC companies, however, |
NYC_SKP |
Apr-25-09 08:13 PM |
#106 |
| -
You're already paying for other people's mistakes |
Raineyb |
Apr-26-09 02:46 AM |
#116 |
| -
We'll see how long you can keep it up if you lose your job. |
Hello_Kitty |
Apr-25-09 08:49 PM |
#107 |
| -
Can we wait until we know for sure what was discussed in this meeting... |
Tarheel_Dem |
Apr-26-09 01:16 AM |
#109 |
| -
Pony? |
cwcwmack |
Apr-27-09 01:17 PM |
#134 |
| -
We certainly learned our lesson after going bankrupt. Of course, we mainly used the cards |
GreenPartyVoter |
Apr-26-09 08:22 AM |
#122 |
| -
It is a tough and an awful situation. |
NYC_SKP |
Apr-26-09 10:06 AM |
#123 |
| -
With financial institutions being one of the top five donors to Obama's campaign |
MadHound |
Apr-26-09 07:24 AM |
#119 |
| -
What happened to personal responsibility? |
empyreanisles |
Apr-26-09 07:29 AM |
#120 |
| -
What does this have to do with the credit card companies business practices? |
Raineyb |
Apr-26-09 06:30 PM |
#127 |
| -
Call me a capitalist, but plenty of people opt out of credit cards |
ecstatic |
Apr-28-09 08:17 AM |
#140 |
| -
What does that have to do with usuary laws and predatory practices? |
LostinVA |
Apr-27-09 12:30 PM |
#133 |
| -
exactly. I agree with you and I actually had a situation with my |
ecstatic |
Apr-28-09 08:18 AM |
#141 |
| -
Cap them at 15% |
harun |
Apr-26-09 07:30 AM |
#121 |
| -
When there are a lot of typical right wing responses in support of the credit card |
Skwmom |
Apr-27-09 09:23 AM |
#128 |
| -
It certainly does. |
Raineyb |
Apr-27-09 10:47 AM |
#131 |
| -
well, they should be able to have rate increases. not 30% though. |
ejpoeta |
Apr-28-09 08:44 AM |
#143 |
Printer-friendly format
Email this thread to a friend
Bookmark this thread