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Response to 79.9% Offer 'Phenomenal'

People who have been getting dropped or turned down on most common interest rate cards must be those jumping on these offers. The new generation of loan sharks?

1 posted on 02/14/2010 2:04:43 PM PST by tfbcowinafog
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To: tfbcowinafog
If you have bad credit in the new era of credit card regulation, be prepared to pay -- dearly -- for the privilege of using credit.

It's about time bad habit's of individuals are payed for by "bad habit individuals" exclusively!

2 posted on 02/14/2010 2:09:23 PM PST by EGPWS (Trust in God, question everyone else)
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To: tfbcowinafog

I got two cards like that once. Didn’t read the fine print. When I saw the fees on the first bill, I promptly didn’t send a payment in. I still haven’t paid the bills and the issuer can kiss my rosy red big toe. Been getting letters and payoff offers for years from them. What a shame they are past the statute of limitations.

parsy, who knows how to deal with usurers


3 posted on 02/14/2010 2:09:46 PM PST by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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To: tfbcowinafog
issuers who lend to the riskiest of borrowers try to figure out how to stay in business and comply with the new credit card reform law.

Charge fees to the ones who pay off their monthly bill, I heard. Am I wrong? Afterall this is another day.

4 posted on 02/14/2010 2:12:29 PM PST by TribalPrincess2U (demonicRATS ... taxes, pain and slow death. Is this what you want?)
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To: tfbcowinafog

I haven’t had a credit card in 15 years and I’m still alive.


7 posted on 02/14/2010 2:18:28 PM PST by goseminoles
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To: tfbcowinafog

I have absolutely no problem with this.

If your credit is so abyssmal that you have completely destroyed your credit ratings, be glad you have a credit card at 80% annual interest.

This time, make your monthly payments and don’t welsh or go bankrupt.

The card holder is providing a service to losers who have totally ruined their credit. You now have a chance to rebuild your credi ratings.


11 posted on 02/14/2010 2:28:14 PM PST by FormerACLUmember (The urge to save humanity is almost always a false front for the urge to rule. - H. L. Menken.)
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To: tfbcowinafog
If you don't want to pay 79.9% interest, don't get the card.

How complicated is it?

People who are dumb enough to owe credit card debt are dumb enough to owe it at any rate.

33 posted on 02/14/2010 3:14:55 PM PST by E. Pluribus Unum (Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
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To: tfbcowinafog

79.9% interest. Isn’t that thievery or usery?


34 posted on 02/14/2010 3:32:25 PM PST by tob2 (I would rather have a nuclear power plant in my backyard than Gitmo detainees.)
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To: tfbcowinafog

I don’t have much sympathy for these usurers.


37 posted on 02/14/2010 3:59:30 PM PST by mysterio
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