Comments on: Credit Card Bill - What Got Left Out

Delay In Bill Could Add Up To More Money For Credit Card Issuers

[formrusmcsgt]

Best advice I can give is start being concerned with personal happiness and stop worrying about what your friends think. If they are your real friends, they will like you whether you drive a beamer or a yugo
Posted by mrcrosbyll at 5:41 PM : May 19, 2009


A voice of reason in the darkness....

Look at what I've been accused of here for saying the same...

[formrusmcsgt]

I really have been forced to realize from the posts on these two "credit card" boards how ignorant so many are about money.

I read all kinds of excuses for being irresponsible with one's money.

"I lost my job" being the most common. So what? You thought you could never lose a job or what? Why didn't you restrain yourself from buying everything that's advertised and show some discipline by saving in case you lose a job?

I know, you "deserve" the vacations and new cars you bought, right? (even though you couldn't realy afford them?)

Trying to look rich keeps a lot of folks poor....

Sheesh.

[formrusmcsgt]

I still see what is wrong and I don't condemn another because they don't live the life I do.
Posted by clancy49 at 5:09 PM : May 19, 2009

Then feel free to pander to the insatiably materialistic.

Knock yourself out.

[armandbeni]

"The industry says they could not survive if they were limited to 36 % APR. " If this

[clancy49]

formrusmcsgt===Well young kid, I am 60 and drive an eleven year old car that is paid for. My car gets 25 to 30 mpg in the city and 36 to 40 on the highway. Does yours? I'm not really in any real financial problem and I pay my bills, even save a little. I still see what is wrong and I don't condemn another because they don't live the life I do. I understand that usury should be illegal and just because you can do something doesn't make it right. There are major economic problems that do affect all of us.

[formrusmcsgt]

formrusmcsgt= and because you have some money you think belongs to you usury is okay? Usury practice and obscene profits are perfectly acceptable?

Posted by clancy49 at 5:04 PM : May 19, 2009

Show me where I said as much. Otherwise, keep your words in your own mouth.

[clancy49]

formrusmcsgt= and because you have some money you think belongs to you usury is okay? Usury practice and obscene profits are perfectly acceptable? Well here is a fact, all that money you think you have isn't going to be worth anything except to burn to keep warm. If this usury practice continues unchecked the economy of the world will collapse. There will be a new monetary system and your money will have as much value as confederate script did in 1865. This does concern you and the little money you have nested. Usury hurts everyone including you. Obscene profiteering hurts everyone including you. Left unchecked the inflation will skyrocket until everything explodes including your precious nest. You will have to pay more and more for everything until your little nest is gone or useless. Wake up and stop drinking the burundanda.

[formrusmcsgt]

The banks start you off on a loan you can afford and then the up the interest, fees, and charges until you are bankrupt and you don't see that as a problem? Don't use credit cards? You better remain young - healthy- and employed to continue in your fantasy world.
Posted by clancy49 at 4:54 PM : May 19, 2009

Pesonaly, I'm 56.

I owe only my mortgage.

As I don't have half my future income already spent as most of you do, I have accident insurance, disability insurance, medical insurance, life insurance, and Mortgage Protection insurance and can still bank a good chunk at the end of the week.

I drive a 9 year -old Silverado which still looks new, and my wife drives a 10 year-old Explorer in great condidion as well.

I'm sure some shke their heads at our older and long-paid off vehicles, but I could care less.

I'll retire in 3 years, at 59, without a need for Social Security, and they'll be humping until they are 70.

Who wins?

[formrusmcsgt]

Why narrow minded people like you refuse to see what is happening is beyond me.
Posted by clancy49 at 4:43 PM : May 19, 2009

Fact is, I see EXACTLY what's going on, that's why I'm one who owes in life.

Only a fool is going to pay someone 10%,15%, 25%, because he was an idiot and saved no money whatsoever, but sprent every dime he makes and then wants to spend more as well.....

Stupid is as stupid does.

[clancy49]

derekeddy = that means you are 30 young and healthy with a good job. Good for you. Can you honestly agree that usury should be legal? Do you agree that simply because banks can charge outrageous interest, fees, and charges they should? Do you know that credit card companies actually target the people that are hurting with health issues, lower incomes, and high mortgages? Is that all right, just because they can? Should credit card companies wiggle a carrot in front of someone because they can without restrictions? Average car prices have gone up from 3,000 to 26,000 in two decades. Our incomes have gone down from an average of 39,900 to 36,900 in those same two decades and you still don't see a problem? Health care has gone up from 65,000 for a week in a hospital to 385,000 for a week in a hospital and you don't see a problem? A denture has gone up from 179 to 686 and you don't see a problem? You still blame it on a few living beyond their means? The banks start you off on a loan you can afford and then the up the interest, fees, and charges until you are bankrupt and you don't see that as a problem? Don't use credit cards? You better remain young - healthy- and employed to continue in your fantasy world.