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This way of thinking is what has gotten this country in this mess. If banks fail people loose their jobs. If banks have bad debt they will pass their losses to other consumers. You are screwing us not the banks.
Keep it up, Suzie.
This is exactly how the government and the finance industry wants you to think. They want you to feel completely obligated to pay off your loans. Welcome to debt peonage, and thank you for your service.
I only use credit cards for convenience and never charge more than I can pay back. I use it to pay for my gas, cable bill, and other purchases I don't want to write out a check for and I always have the money to pay for what I charge. If I didn't I wouldn't charge it. Plus I have it set so that the minimum is automatically deducted so I should never miss a payment should an accident happen to me. I may get caught paying interest when I didn't intend to but that's no big deal.
Why don't you just pay cash then? If everyone did then just maybe the store would lower their prices the amount they have to pay the CC companies every time you use your card and maybe I wouldn't have to pay that extra 3 to 4% just because you choose to use them. And yes I do pay cash for everything I buy.
I love my CCs. They make my life easy. Without my cc every month I would have to write a check to pay my bills. Instead they are charged to my cc automatically. Without cc I would have to stop at ATM's often too have cash in hand. With out cc I would have to buy foreign currency when I travel overseas. Without cc I would have to make sure I have enough cash with me when shopping. If all that convenience wasn't enough I get 2% cash back on all my purchases. CC are great.
This way of thinking is what has gotten this country in this mess. If banks fail people loose their jobs. If banks have bad debt they will pass their losses to other consumers. You are screwing us not the banks.
That's so nice of the bank to give back to you 2% of your money that the store charges you to use the card in their store.
Next thing you know they will be sending you a Christmas Card.
This is exactly how the government and the finance industry wants you to think. They want you to feel completely obligated to pay off your loans. Welcome to debt peonage, and thank you for your service.
So you buy things and then you do not pay for them. Who pays for them then? It costs money to make them.
I do not know what debt peonage is. I only have 2 loans. Car and mortgage. I bought a car that I drive I am paying for it. I also bought a house where I live that I am also paying for. If I do not pay this loans I would loose my car and my home. Why would I want to do that? I do not like being a renter.
That's so nice of the bank to give back to you 2% of your money that the store charges you to use the card in their store.
If spend $100 in a store it costs me $100 regardless of how I pay. So if I use a cc I get a 2% discount. Yes the stores pass their fee on to consumers but they pass them to all equally. So unless the cc system changes or disappears I will continue using them.
If spend $100 in a store it costs me $100 regardless of how I pay. So if I use a cc I get a 2% discount. Yes the stores pass their fee on to consumers but they pass them to all equally. So unless the cc system changes or disappears I will continue using them.
The problem is even those of us that choose not use them have to pay so YOU can. I'd rather save that $4.00 per $100.00 I spend. It's like paying
a hidden tax.
The problem is even those of us that choose not use them have to pay so YOU can. I'd rather save that $4.00 per $100.00 I spend. It's like paying
a hidden tax.
Before stores had to deal with bad debt due to bad checks. CC eliminated that problem for them. Even in a cash only system there is the overhead of collecting the cash and transferring it to the bank. Shoplifting also affects the price we pay for goods. It is all part of doing business.
Before stores had to deal with bad debt due to bad checks. CC eliminated that problem for them. Even in a cash only system there is the overhead of collecting the cash and transferring it to the bank. Shoplifting also affects the price we pay for goods. It is all part of doing business.
I don't write bad checks and I don't steal and the store is responsible for any credit card they take, no lost to credit card company. I took them on my web site business because I had to and I added 4% to the products I sold and the cheapest thing I sold was $140.00 so you can figure what it would cost you.
I don't write bad checks and I don't steal and the store is responsible for any credit card they take, no lost to credit card company. I took them on my web site business because I had to and I added 4% to the products I sold and the cheapest thing I sold was $140.00 so you can figure what it would cost you.
I didn't say you did. I don't either but I pay for it. The store is responsible if they take bad credit cards but they don't loose anything if the customer doesn't pay their bill. What percent of your sales were not paid by cc? I do agree that 4% is a little steep for cc usage.
In fact, they are counting on your guilt and moral obligations in paying back debt.
Gee what about the agreements and contracts you have signed with the institutions that loaned you money so you could buy a house, a car, and your stuff. Are you saying you didn't read a damn thing your signed, or are you saying that your word and your name are worthless?
One choice says you are stupid, the other says your word/good name is worthless.
Based on past behavior why would anyone expect a different outcome the next time you need credit?
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