tag:blogger.com,1999:blog-21829866.post2256948516665877990..comments2023-08-20T07:06:14.115-04:00Comments on Thurber's Thoughts: Unfair credit card practices and terms?Maggiehttp://www.blogger.com/profile/12677808307727487766noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-21829866.post-66412362813106554702008-09-22T13:43:00.000-04:002008-09-22T13:43:00.000-04:00HIDDEN FEES are also another form of unfair practi...HIDDEN FEES are also another form of unfair practice that the CONSUMER DOES NOT KNOW ABOUT!<BR/><BR/>Video (30 sec)<BR/>http://www.youtube.com/watch?v=6CehJarAIP8Matt Oldhamhttps://www.blogger.com/profile/05024771764627613690noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-72078905452320341612008-06-27T22:22:00.000-04:002008-06-27T22:22:00.000-04:00Or are they saying that most people who use credit...<I>Or are they saying that most people who use credit cards are too stupid to understand the terms and impact of the fees or how they work?</I><BR/><BR/>Give the little lady a cupie doll!<BR/><BR/>The only possible defense against the rash of foreclosures is just that: The consumer is incapable of understanding the contract. Which, by the way, is why really dumb people like me hire really smart lawyers, like Johnny The Hammer.<BR/><BR/>It's the same thing with the credit card companies. If I can't understand the agreement, I don't sign and I do not accept the credit card the major financial institution is so eager to give me. In recent memory, I told the friendly folks at Discover that I wasn't interested. The conversation was almost humorous, with the customer care representative insisting "That really means..." and my continued response, "Then why doesn't it say that?"<BR/><BR/>About the third iteration I was reassured not to worry about the fine print. It took me three tries to cancel the card, coupled with a serious threat to call the authorities.<BR/><BR/>Anyway, people have a choice. If you really want to irritate the credit card company, just pay your balance off each month, which is what I do. This method seems to work well for me, but maybe that's just me.WL Emeryhttps://www.blogger.com/profile/00092583484828593165noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-10456103231352734252008-06-18T16:52:00.000-04:002008-06-18T16:52:00.000-04:00These "feel good" actions serve mostly to show con...These "feel good" actions serve mostly to show consumers that their government kind of cares about you.<BR/><BR/>Where i normally agree that they are pointless, making the rules and reglegations on credit cards more laymen friendly seams like a good idea to me. <BR/><BR/>People are dumb, how else do you think the average consumer debt per person in the US is $80k... I think these are def. changes for the better in the <A HREF="http://blog.nationalpayday.com/credit-cards/credit-card-regulation/" REL="nofollow">credit card</A> industryUnknownhttps://www.blogger.com/profile/00702121657891110012noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-49212614309899974472008-06-18T08:11:00.000-04:002008-06-18T08:11:00.000-04:00Over the last several years Mrs. AHL and I have do...Over the last several years Mrs. AHL and I have done away with all our credit cards. With a debit card we can still rent a car, reserve a flight, and get a hotel. We did so because THEY ARE SO UNFAIR!!! AND GOVERNMENT DID NOTHING TO HELP US! BOO HOOO. <BR/><BR/>Actually, we recognized the cycle of debt they can support, NOT CREATE, but support, and we acted accordingly. HOWEVER, we have used on occasion - PAY DAY LOANS -when an unexpected expense arose, and we couldn't "just put it on the card." Using that system has saved us thousands of dollars in interest and fees. But now, thanks to our fine Governor and legislators, that option is dead.<BR/><BR/>Guess we are applying for another credit card in 60 days. Maybe if Cordray becomes AG he will ban credit all together in Ohio and we can go back to the barter system. Start making wampum citizens, your credit is no good here.<BR/><BR/>T AHLCynical Counselhttps://www.blogger.com/profile/03013429047654810331noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-5771678014002256202008-06-17T15:02:00.000-04:002008-06-17T15:02:00.000-04:00Maggie,Remember this is the same group that handed...Maggie,<BR/><BR/>Remember this is the same group that handed out gasoline cards to people whether or not they had cars, that said hotel/motel taxes would pay for the marina and got excited about the extra money from the state because people were losing their jobs left and right.<BR/><BR/>There will always be companies that deal in the pain of others - payday loans, pawn shops, unscrupulous sub-prime lenders (and title loans are coming). I don't think these are the problems; these are symptoms of the problems. <BR/><BR/>The BCC should spend more time solving the problems than giving lip service to them.Victoria Kammhttps://www.blogger.com/profile/18078581390061455909noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-48636660158008413272008-06-17T12:59:00.000-04:002008-06-17T12:59:00.000-04:00Nearly from the beginning of time, people have com...Nearly from the beginning of time, people have complained about interest rates from creditors. If you don't want to pay it, don't borrow it.Robinhttps://www.blogger.com/profile/05966847290906915571noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-16537929364061137592008-06-17T09:41:00.000-04:002008-06-17T09:41:00.000-04:00And while they are victims of their own stupidity,...<I>And while they are victims of their own stupidity, they are also... voters. </I><BR/><BR/>ouch!Maggiehttps://www.blogger.com/profile/12677808307727487766noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-42731885142283000332008-06-17T09:06:00.000-04:002008-06-17T09:06:00.000-04:00Maggie,I know that you are asking this question ju...Maggie,<BR/><BR/>I know that you are asking this question just to test us and see if we understand the "Man Behind the Curtain". So let's see ...<BR/><BR/>The sub-prime mortgage issue is getting old, the payday loan people are all but gone, and we've demonized the oil company executives about as much as we can for a while. OK, who's left to make us a victim? Oh yeah, the credit card companies. <BR/><BR/>It doesn't matter that you can shop for almost any combination of terms (from points, to cash back, to low interest rates) that you want. People who have abused their credit need someone to blame other than themselves. And while they are victims of their own stupidity, they are also... voters.Timothy W Higginshttps://www.blogger.com/profile/17118861693269565715noreply@blogger.com