Early Retirement & Financial Independence Community - View Single Post - Universal Default Credit Card Rates.....Again!!

Mr._johngalt · 10-11-2006, 10:08 PM

Okay, first I want to come to the defense of the CC companies. I think they should be able to charge 50% interest per week as long as they let you know the rules in advance. Secondly, I am now (and have been for some time) receiving 100% of my personal income from reinvested promo rate
(mostly -0-%) CC money. Thirdly, if I ever did screw up (like be late with a payment or pay the wrong amount), betcha I could negotiate my way out of it (hasn't happened so far). For the life of me I don't understand why people beat up on CC companies/title lenders/payday lenders/buy here-pay
here car dealers. It looks like good old free enterprise to me.

JG

10-11-2006, 10:08 PM	#17
Mr._johngalt Full time employment: Posting here. Join Date: Nov 2003 Posts: 927	Okay, first I want to come to the defense of the CC companies. I think they should be able to charge 50% interest per week as long as they let you know the rules in advance. Secondly, I am now (and have been for some time) receiving 100% of my personal income from reinvested promo rate (mostly -0-%) CC money. Thirdly, if I ever did screw up (like be late with a payment or pay the wrong amount), betcha I could negotiate my way out of it (hasn't happened so far). For the life of me I don't understand why people beat up on CC companies/title lenders/payday lenders/buy here-pay here car dealers. It looks like good old free enterprise to me. JG __________________ Some of us have pretty stories, about good friends, good times and noodle salad.