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Credit Card Bills Deliver a Shock
Portland Oregonian ^ | 12/05/2007 | Laurie Kellman

Posted on 12/10/2007 12:34:11 PM PST by ex-Texan

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'Yippee Ki--yaaa ! . . . FICO' . . . So said Bruce Willis.

The old 1960's song went kind of that way. But it was more like 'Obama Rama' or 'Obamarama . . . Ding Dong Ding . . . Blue Moon' . . . LOL ! LOL !

Credit card companies. You just gotta love 'em. They are the only people who make more money by shredding their incoming mail - - than by opening it. Go figure that. . . . The whole world has been been tipped sideways on its axis. Up is down today and down may really be up. With the new subprime rescue program going into effect. Oh, well. Whatever . . .

1 posted on 12/10/2007 12:34:13 PM PST by ex-Texan
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To: ex-Texan

I own one credit card. I pay it off at the end of every month, sometimes sooner. And I never use it unless I absolutely have to, otherwise I pay cash.

I’ve been burned before, had bad credit, gotten out of debt and now lead a Debt Free Lifestyle.


2 posted on 12/10/2007 12:38:26 PM PST by Portnoy (Fahrenheit 451...Today's Temperature is hotter than you think...)
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To: ex-Texan
When you pay off your credit cards every month - you don’t have to worry about these things...
3 posted on 12/10/2007 12:40:33 PM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Portnoy

Well, that’s good for you! Still, if folks just used cash more, and carried no balance month-to-month on any credit card or line of credit — that would be just as good, for all practical purposes.


4 posted on 12/10/2007 12:40:51 PM PST by bvw
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To: ex-Texan
raising interest rates on good customers even if they pay down their balances, on time, every month - if you pay off the balance every month who cares?
5 posted on 12/10/2007 12:41:40 PM PST by SF Republican
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To: ex-Texan
...Hard said she paid more than the minimum payment on her Discover card every month, plus an $8 Internet fee.

Wow. Is that a normal fee for a Discover card?

6 posted on 12/10/2007 12:42:01 PM PST by SGCOS
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To: ex-Texan
Credit Card Bills Deliver a Shock

It's the dry air. Don't walk on carpet while opening the mail.

7 posted on 12/10/2007 12:43:25 PM PST by Larry Lucido (Hunter 2008)
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To: Portnoy

There is only one good way to use credit cards. I use my credit card for everything, but I pay in full every month. I never carry a balance. I have always done it this way, even back when we had little money.


8 posted on 12/10/2007 12:44:35 PM PST by knuthom
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To: ex-Texan
But congressional efforts to make all credit card companies discontinue the practice is running into a buzz saw of opposition from the banking industry.

Translation: An ORGY of check writing to political campaigns, a windfall for lobbyists, and enough cash flow in outright bribes to buy Switzerland.

I just got an 8-1/2X14 six page document from my only card company. Yes, yes, the account is always paid up, but still...BURIED in the tiny rambling writ, was a Default Rate of 33%. Yes, yes, I should not care....but it reveals enough of that company so I am hunting for another card.

If there is a defense for that rate, I would like to hear it. A sucker will NEVER dig themselves out, and that's the idea, isn't it?

9 posted on 12/10/2007 12:44:59 PM PST by Gorzaloon
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To: SF Republican

Citibank has been doing this also...guess they lost so much money lending to illegal aliens to buy houses in CA.

Our Unocal and Office Depot cards at work are getting onerous lately...we are going to shut the Office Depot one off.


10 posted on 12/10/2007 12:45:23 PM PST by BurbankKarl
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To: ex-Texan

Don’t worry...Everyone on FR PAYS their bill in its ENTIRETY every month...I know...they will be here to state that fact...soon...


11 posted on 12/10/2007 12:45:41 PM PST by dakine
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To: ex-Texan
In after the smug, “I pay all my credit cards off every month” post.

I hate these sob story articles! There are a million reasons why this woman fails the due diligence test, but having said that, Discover Card is the WORST credit card company out there. They constantly change the rules to scam their users. I don’t know how many times I kept checking my rewards and the needle never moved, only to learn that they had mysteriously changed the amount of points you could earn.

I have abandoned Discover Card...but I didn’t have to call Carl Levin to try and sell my sob story.

12 posted on 12/10/2007 12:46:17 PM PST by Obadiah
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To: knuthom

Here here! Bills PIF’d every month! I am proud to say I have managed I’ve gotten to the point where I don’t spend more then I make and have zero debt! It can be done... (but UGH some hard work involved)


13 posted on 12/10/2007 12:46:50 PM PST by Ueriah
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To: dakine

Great minds think alike.


14 posted on 12/10/2007 12:46:59 PM PST by Obadiah
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To: dakine
Don’t worry...Everyone on FR PAYS their bill in its ENTIRETY every month...I know...they will be here to state that fact...soon...

I have a credit card and hardly ever use it, but if I do I pay it off right away.

I just thought you should know. :-D

15 posted on 12/10/2007 12:47:43 PM PST by ahayes ("Impenetrability! That's what I say!")
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To: SGCOS
Wow. Is that a normal fee for a Discover card?

I have a Discover charge and don't know what the interest is since I pay the balance each month. I have never been charged an "internet fee" and if they ever charge me one, I'll quit doing business with them.

16 posted on 12/10/2007 12:48:28 PM PST by Graybeard58 ( Remember and pray for SSgt. Matt Maupin - MIA/POW- Iraq since 04/09/04)
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To: 2banana

We pay our cards off each month and have actually stopped using them at all because I find their practices so distasteful. I think if any area needs reform it would be credit card companies. They are a bunch thieves constantly changing their terms, they are predators and masters at marketing their evil.


17 posted on 12/10/2007 12:49:02 PM PST by ThisLittleLightofMine
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To: knuthom
There is only one good way to use credit cards. I use my credit card for everything, but I pay in full every month. I never carry a balance. I have always done it this way, even back when we had little money.

Same here. If it can be put on the plastic, I do it. My CC company pays me back 1-2% on all purchases and I have 25-55 days of interest free purchases. Works for me!

18 posted on 12/10/2007 12:51:03 PM PST by Niteranger68 (Questions are free. Answers are $1. Correct answers are $5.)
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To: dakine
Don’t worry...Everyone on FR PAYS their bill in its ENTIRETY every month...I know...they will be here to state that fact...soon.

Sometimes I even pay my neighbor's credit card bills.

19 posted on 12/10/2007 12:51:11 PM PST by Graybeard58 ( Remember and pray for SSgt. Matt Maupin - MIA/POW- Iraq since 04/09/04)
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To: Obadiah

Everyone on FR has “above average” children, perfect teeth, no debt, and their &#*# don’t stink....at least they always show up to relay that fact....hahaha


20 posted on 12/10/2007 12:51:14 PM PST by dakine
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