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Credit cards = Free money
Old 11-28-2007, 09:19 AM   #1
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Credit cards = Free money

There's a rumble down at the Kmart: Computer Glitch Leads To Kmart Brawl - Money News Story - KMGH Denver
Is this just a little sad?
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Old 11-28-2007, 09:24 AM   #2
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There's a rumble down at the Kmart: Computer Glitch Leads To Kmart Brawl - Money News Story - KMGH Denver
Is this just a little sad?
It appears that market segments that were not previously exposed to credit cards were accidentally targeted.
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Old 11-28-2007, 10:04 AM   #3
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There's a rumble down at the Kmart: Computer Glitch Leads To Kmart Brawl - Money News Story - KMGH Denver
Is this just a little sad?
Wow, I'd have paid money to see that!
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Old 11-28-2007, 11:00 AM   #4
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I wonder if they were cards that were given money on the accounts to open with. Occassionally there are promotions where you open an account and it starts with a -$XYZ balance. *shrugs*

Either way it is pretty sad and shows just how far hysteria can take people.
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Old 11-28-2007, 11:20 AM   #5
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I wonder if they were cards that were given money on the accounts to open with. Occassionally there are promotions where you open an account and it starts with a -$XYZ balance. *shrugs*

Either way it is pretty sad and shows just how far hysteria can take people.
AS i read the story, it was a $10 free for opening an account, but what got people excited was getting approved for $850 or more even though they weren't creditworthy. And that credit was seen as "FREE MONEY"!!!! Yikes.
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Old 11-28-2007, 12:29 PM   #6
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One witness told police someone went to another Kmart, got some applications there and was selling them in the Wauwatosa Kmart parking lot for $20 apiece.
Now that's what I call American ingenuity! Selling folks pieces of paper so they could apply for a CC.
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Old 11-28-2007, 01:34 PM   #7
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AS i read the story, it was a $10 free for opening an account, but what got people excited was getting approved for $850 or more even though they weren't creditworthy. And that credit was seen as "FREE MONEY"!!!! Yikes.

Hmmmmmm.....sounds a LOT like another current story where people wanted more than they could pay for.....can you say "mortgage crisis"??
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Old 11-28-2007, 01:38 PM   #8
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Sad that so many would think of credit as 'free money'. Oh well, at least it was a "nice brawl"
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Old 11-28-2007, 02:43 PM   #9
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AS i read the story, it was a $10 free for opening an account, but what got people excited was getting approved for $850 or more even though they weren't creditworthy. And that credit was seen as "FREE MONEY"!!!! Yikes.
As I read the story, the first thing that I thought was....there are still Kmarts?
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Old 11-28-2007, 07:38 PM   #10
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As I read the story, the first thing that I thought was....there are still Kmarts?
Yeah - thought Rainman killed 'em with "Kmart Sucks". But there are still some around - even in our town. Kinda like shopping at the Good will.
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