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RE: Outrageoius Credit Card Offer - 2/21/2008 5:08:11 PM
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peace77
Posts: 1259
Joined: 4/18/2005
Status: offline
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That is outrageous.
I've never heard of a credit card that charged you $35 or more to apply.
Then add $59 per year annual fee.
Say, "NO Thanks!!!"
Anne
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RE: Outrageoius Credit Card Offer - 2/21/2008 5:24:22 PM
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ChoirDJ
Posts: 116
Joined: 6/15/2006
Status: online
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LOL...now that is hilarious...sad thing about it is that some people will skim past the details and fall for "the deal of their lifetime".
Reminds me of a scam I fell for when I was 18 and desperate to get my hands on a credit card. The magazine add said all I had to do was send $20 for a Visa and $25 for a Visa and a Mastercard....must of have I big "S" on my forehead cause I sent the check. It was cashed right away and I waited patiently for 4-6 weeks...I am still waiting and never received it (lol).
_____________________________
Live each day as thought it were your last for one day you will be right.
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RE: Outrageous Credit Card Offer - 2/22/2008 11:47:35 AM
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meg4
Posts: 220
Joined: 4/21/2005
From: North Georgia
Status: offline
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I got an offer like that one time. Surely nobody in their right mind would apply for one of those.
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RE: Outrageous Credit Card Offer - 2/22/2008 1:34:27 PM
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MrsTracy72
Posts: 1342
Joined: 2/28/2007
Status: offline
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I am working on being debt free, and when that happens, I plan on only keeping one credit card and leaving it in my bedroom. I never want to use another credit card again. They can get outrageous, and one of the things about the offer you mentioned, is that if you are late on a payment even by one day, they will change your interest rate to something much higher. That is just insane.
I know it is the choice of each person to take the loan and pay the fees, but I do think that there should be limits on what they can charge you as far as interest on credit cards. I think that there would be less bankruptcies that way.
But this is worse, I saw an ad on tv that was offering loans to people who can prove they get a paycheck. In the end of the commercial (and I have had to watch it several times to get it) it stated that the interest rate was 99%. I thought that is what I saw the first time, but they only flash that page so everytime I see the commercial, I try to start reading further than I was before, and it did say that. Is that even legal?
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RE: Outrageous Credit Card Offer - 2/22/2008 2:29:08 PM
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peace77
Posts: 1259
Joined: 4/18/2005
Status: offline
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quote:
it stated that the interest rate was 99%. . . . . . .. Is that even legal?
Actually, interest rates for payday or instant loan places are worse. They tend to charge from over 200% to 500% interest.
They can "get away with it" because they have been granted special exemption in 19 states and the District of Columbia.
IMO, the special exemptions should be lifted and interest rates over 21% should be outlawed.
Anne
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RE: Outrageous Credit Card Offer - 3/7/2008 1:43:38 AM
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TTABTG
Posts: 12
Joined: 3/6/2008
From: Minnesota
Status: offline
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Check out this link Consumer complaints about New Millenium Bank
There are lots of people "not in their right minds". Sadly.
_____________________________
Hab 2:4 - "Behold the proud, His soul is not upright in him; But the just shall live by his faith."
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RE: Outrageous Credit Card Offer - 3/7/2008 6:20:44 PM
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SailorPizza
Posts: 18
Joined: 7/30/2005
Status: offline
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I heard it best stated when a friend of mine said "Credit Cards are no more then Legalized Mafia"
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RE: Outrageous Credit Card Offer - 3/13/2008 6:47:49 AM
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car2ner
Posts: 1816
Joined: 4/11/2005
From: just south of Atlanta GA
Status: offline
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I didn't use a credit card for years... worked on cash only. Was stunned to find out that a lack of credit history actually hurt me! I figured that being able to manage on a cash only basis would be GOOD! When I went through the process of getting back into the c.c. system, there were a number of scams like Milleniums.
We use credit cards but pay the bill off each month, no interest. The wonderful bank says, no payment due (but that means interest will be added) but we pay it off anyhow.
It is a good idea to make a small purchase on your credit cards each month and then pay it off. No credit history can influence things as unconnected as your insurance rating (wierd, huh) to paying bigger deposits on utilities and rental applications, and even job applications!
_____________________________
the journal of selling my wonderful home http://www.car2ner.2ya.com (my blog)
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RE: Outrageous Credit Card Offer - 3/19/2008 8:04:34 PM
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spiritchsr1
Posts: 146
Joined: 9/13/2005
From: Ohio
Status: offline
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Well,
You know what they say; "There's a sucker born every minute". If anyone is dumb enough to apply for a credit card like the above mentioned, then I feel sorry for that person.
Stay away from credit card offers like those.
Spiritchsr1
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