Easy credit coming back?

[sj08054]

Originally Posted by user_id

I'm starting to get a large number of credit credit offers/promo offers from existing cards in the mail lately, so far they include:

- 2% on purchases of $200 or more
- 0~2% balance transfer offers for 12 months
- 0% on purchases for 12 months
etc

Anybody getting more of these lately? I think I'm going to utilize some of this easy money.

No really.. the 0% has always been there, not as much. I am waiting for the 0% with no BT fees to come back. Those were the good old days.

All these 0% for purchasing are all part of this so call "stimulus" and I don't buy into that. Look at some of the furniture store promo.. 24-36 months of no interests. Those interests accured every months...just a big trap.

[AlfredB1979]

Originally Posted by chuck22b

Hmm... the title suggests that this is something happening on a grander scale? Is this one instance (anecdotal), or an increasing trend? I haven't received any credit card offers recently for quite some time?

If so, then are we going to see the "good 'ol days coming back" and credit/debt expansion? Or, is this just a "shift" of credit taking from those with higher credit risk and giving it to those with lower risk? or vice versa?

What do you see?

-chuck22b

In that regard, then certainly...that is all our economy has been based on for the last however many years.

What else could you expect that is different when an economy is based on ponzi schemes, flipping houses for income (that wheel is in motion), and taxing everyone to death?

Seven or eight years from now, I wonder if the last year or two will be just a faint memory and we're right back into the same mess all over again.

It will be a matter of finding those who were not old enough to drown in this bust or finding those who washed their hands of it first.

Also, that is my reminder to make sure my opt-out deal for telemarketing junk gets renewed for another five years...even if it is not up yet.

[dazzleman]

Ultimately, cheap credit will go away because nobody will be willing to lend to us.