computerguy
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by catballou
(4.14.160.44) on May 11, 2004 at 12:16:18:
In Reply to: Re: Should I be worried? posted by computerguy on May 11, 2004 at 11:49:08:
yes, i agree on the credit card scene. however, i should have known that before i accepted one. they have created these scams and all of america and the world have bought into it. people now live on plastic and way above their true means.
the economy falls..illness hits..and presto---millions are in deep trouble. but, morally the companies are wrong, legally their fine.
i must take responsibility for accepting the cards to begin with, and not being knowledgeble in what i got into. i really cant blame them for what they did. morally, i find it wrong. but no one forced me to get them or use them. and they haunt one forever. perhaps the answer is more education in credit matters..cause thats the very nature of the cards themselves. get a new computer (or tv or appliance or furniture) for only 25$ a month!!! well duh....figure out you are paying 2$ on the original balance..23$ on interest. how long at 2$ before you pay off 2,000$? 1000 months. what? 83 years? they dont want them paid..thats never the point. the point is they live on the interest we pay on a never-ending loan. you pay on it religiously and some CRA says it makes us good people. a good risk for someone else to suck us into another account..and earn their interest. it sounded good to some soul one day and they spread it. who wouldnt want to live better than they can? its human nature to not think on it this way. then they can hike the prices..cause most cant pay cash for things they want..hey, if we offer it to them on time..they can get something and we can earn a fortune. human greed goes both ways. education is the key. but without credit..and false paper profits and selling..im not sure the present economy could function. i could see a real disaster now, without them in society.
Follow Ups:
Post a Followup
|
