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These F*ckers are Going to HELL (NRR)

  Comments

  • Birdman9Birdman9 5,417 Posts

    Nothing new under the sun, sad to say.
  • pencilfacepencilface 674 Posts
    very sad to say..... america is fucked.

  • DrBorisQDrBorisQ 298 Posts
    "which pitch loans with effective annual interest as high as 400% or more"

  • DjArcadianDjArcadian 3,632 Posts
    Predatory lending practices. Flip over those credit card offers you receive and take a look at some of the bullshit they try and pull. Annual fees, administration fees, activation fees, etc. A $300 credit limit with $300 worth of activation fees.

    The best one I ever received offered a $10K limit with some huge activation fee. Like $300 or $400 or something. I did some research for the hell of it. Yes, $10K of credit that you could only use in their catalog. Of course their catalogs had prices like $250 for a toothbrush.
  • DrBorisQDrBorisQ 298 Posts
    Exactly. If I took up all the offers of credit I get in the mail I'd have enough of a credit line to finance the reconstruction of Iraq.
  • mylatencymylatency 10,475 Posts
    Predatory lending practices. Flip over those credit card offers you receive and take a look at some of the bullshit they try and pull. Annual fees, administration fees, activation fees, etc. A $300 credit limit with $300 worth of activation fees.

    The best one I ever received offered a $10K limit with some huge activation fee. Like $300 or $400 or something. I did some research for the hell of it. Yes, $10K of credit that you could only use in their catalog. Of course their catalogs had prices like $250 for a toothbrush.


    LOL super sad.

    If you have credit card debt, stop reading this thread. Cancel your cable, pack a brown bag lunch, start a small business and get yourself correct. Best thing you can do to fight this BS.

    Those payday loans companies and CC high interest + fees are the antichrist to this saint:



    http://nobelprize.org/nobel_prizes/peace/laureates/2006/yunus-lecture-en.html
  • kwalitykwality 620 Posts
    start a small business and get yourself correct.

    I totally agree with your sentiments - but starting a small business can be an even better way to get into debt!
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