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03-05-2009, 08:12 AM
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Senior Member
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Join Date: Oct 2007
Location: Raleigh, NC
139 posts, read 138,712 times
Reputation: 31
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Credit Card companies: eager for on-time payments.
My credit card companies have been flooding me with reminders this month! More than a dozen reminders in the past week. Never missed a payment and have bank draft setup for payment to each, which is currently & correctly in their records -I feel compelled to check with each notice.
I would think they would want us to be late on these payments, so they could access fees. I guess they too have bills to pay.
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03-05-2009, 01:47 PM
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Member
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Join Date: Mar 2009
44 posts, read 32,895 times
Reputation: 27
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They are doing this due to the demographics. They take an area and survey it, chances are many people within a specific radius of you may have become late on their payments and since you live within that specific area, they are sending these reminders. Thay are probably taking the unemplyment rates in your area as well as an indicator that people may fall behind on their bills, if you ask me they are simply wasting more money with these reminders. Does anything credit card companies do ever make sense?
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03-05-2009, 09:21 PM
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Senior Member
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Join Date: Dec 2007
13,948 posts, read 6,018,154 times
Reputation: 2534
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Well the credirt game has changed with new rules. Your interest rate on present debt remains the same. Of course they are wanting to get their debt paid. ZLook for higher rates in future on new debt and limited credit in response to new rules, The risk factor has changed by those rules.
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03-06-2009, 08:43 AM
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Senior Member
Status:
"extracting wasps from stings in flight..."
(set 12 days ago)
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Join Date: Jan 2009
Location: Tampa, FL
706 posts, read 279,697 times
Reputation: 483
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Quote:
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Well the credirt game has changed with new rules. Your interest rate on present debt remains the same.
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Those rules are not in effect yet, all these rate changes that they have pushed down do effect current balances unless you choose to opt out which results in automatic cancellation of the account once it is paid in full. |
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03-06-2009, 04:18 PM
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Senior Member
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Join Date: Oct 2007
Location: San Jose, CA
3,941 posts, read 3,241,964 times
Reputation: 607
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I pay as soon as I get the statement. That's probably why they have always treated me with decency.
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03-06-2009, 04:28 PM
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Senior Member
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Join Date: Jun 2008
4,882 posts, read 1,596,705 times
Reputation: 1617
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I think on April 1st (April fools day) All of America should call one of their cc companies and cancel a credit card.... That would keep the 1-800's busy all day long....LOL
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