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Re: Companies are Greedy and Predatory, not people (SKB)

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Posted by SunkissedBeach (67.69.202.33) on January 04, 2004 at 18:38:43:

In Reply to: Companies are Greedy and Predatory, not people (SKB) posted by Bob3 on January 04, 2004 at 18:03:02:

You make cc companies sound like pedophiles in school yards trying to "entice" children with promises of candy and puppies.

We are grown adults that can read/ reason and think and "if read" the user agreements are pretty straight forward.
Here is an excerpt of a user agreement:


5.7 Payment received from the Cardholder shall be applied towards repayment of the balance of the Account in the following order or in such other order as the Company may in its absolute discretion determine from time to time:-

(a) interest charges in respect of cash advance;

(b) service charges or fees in respect of cash advance;

(c) interest charges in respect of retail spending;

(d) service charges or fees in respect of retail spending;

(e) overlimit and past due fees in respect of retail spending;

(f) statement balance in respect of retail spending;

(g) statement balance in respect of cash advance;

(h) annual fee;

(i) current month's balance in respect of retail spending;

(j) current month's balance in respect of cash advance; and

(k) collection fees and legal costs.


14. Cardholder's Liabilities for Collection Costs and Legal Expenses

14.1 The Company is entitled to appoint debt collection agencies and/or institute legal proceedings, at any time without prior notice to the Cardholder, to collect and/or recover any amount from time to time due to the Company under this Agreement. Subject to the applicable laws and regulations, the Company shall not be liable (whether in contract or tort) for any act, conduct, omission or negligence of such agencies or any of their employees.

You see by signing this agreement you agreed that a debt collector could collect on this money.

I fail to see how this can be an arguement.

ONE MORE THING "If one of their customers had a balance of $3000 that was charged off, the predator deducted that $3000
from their taxes, it goes right back into their coffers (pockets) -- THEY ARE PAID THAT $3000"

I am a TAX PAYER, SO I AM PAYING FROM MY TAXES FOR THIS CHARGED OFF DEBT.




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