IWETHEY v. 0.3.0 | TODO
1,095 registered users | 0 active users | 0 LpH | Statistics
Login | Create New User
IWETHEY Banner

Welcome to IWETHEY!

IWETHEY Home / IWETHEY Board / Open Forum / The problem is if you trip....
Post #111,781
by kmself
Picture of kmself
7/28/03 5:55:11 PM
Reply
New The problem is if you trip....

The moment your creditworthiness becomes something less than stellar, your rate goes from 4.9% to 21%, and it suddenly becomes very, very difficult to dig yourself back out.

\r\n\r\n

It's sort of like one of those computer games where the behinder you get the faster they come. Except that the computer doesn't have the full force of the US legal system behind it, or implications on future home ownership.

--\r\n
Karsten M. Self [link|mailto:kmself@ix.netcom.com|kmself@ix.netcom.com]\r\n
[link|http://kmself.home.netcom.com/|http://kmself.home.netcom.com/]\r\n
What part of "gestalt" don't you understand?\r\n
[link|http://twiki.iwethey.org/twiki/bin/view/Main/|TWikIWETHEY] -- an experiment in collective intelligence. Stupidity. Whatever.\r\n
\r\n
   Keep software free.     Oppose the CBDTPA.     Kill S.2048 dead.\r\n[link|http://www.eff.org/alerts/20020322_eff_cbdtpa_alert.html|http://www.eff.org/alerts/20020322_eff_cbdtpa_alert.html]\r\n
Post #111,867
by Arkadiy
Picture of Arkadiy
7/29/03 1:08:25 PM
Reply
New The problem happens when you don't pay
repeatedly.

They don't raise your rate just because your "creditwothiness" chnaged (at least I haven't seen it in my agrements). They raise it when you default on payments. If some crds actually base the rate on some kind of credit score, I'd call it a fraud.
--

Less Is More. In my book, About Face, I introduce over 50 powerful design axioms. This is one of them.

--Alan Cooper. The Inmates Are Running the Asylum
     Credit card companies and their increasing power - (lincoln) - (27) - July 27, 2003, 09:41:38 PM EDT
         I don't use them - (tuberculosis) - (13) - Aug. 21, 2007, 06:06:17 AM EDT
             How do you rent a car? -NT - (Another Scott) - (9) - July 28, 2003, 12:01:09 AM EDT
                 Many local branches will rent on a debit card - (FuManChu) - July 28, 2003, 02:02:51 AM EDT
                 AMEX - (SpiceWare) - (7) - July 28, 2003, 10:32:34 AM EDT
                     I'll never use them again - (tuberculosis) - (3) - Aug. 21, 2007, 06:07:22 AM EDT
                         Get it in writing - (kmself) - (2) - July 28, 2003, 05:51:35 PM EDT
                             Tried that - (tuberculosis) - (1) - Aug. 21, 2007, 06:08:50 AM EDT
                                 Welcome brother - (Ashton) - July 30, 2003, 03:51:16 AM EDT
                     I like Discover - (bbronson) - (2) - July 28, 2003, 11:28:02 AM EDT
                         But isn't that the only sane way to use any CC? - (Ashton) - (1) - July 28, 2003, 04:09:02 PM EDT
                             Yessirree, but trying to convince some people of this - (bbronson) - July 28, 2003, 06:27:58 PM EDT
             I've cut back on my use of them - (orion) - July 28, 2003, 12:05:51 AM EDT
             CC advantages - (kmself) - July 28, 2003, 01:25:59 AM EDT
             Credit card is much better if used correctly - (bluke) - July 31, 2003, 08:23:06 AM EDT
         It's that penultimate sentence which is the Killer - - (Ashton) - July 28, 2003, 03:49:59 AM EDT
         Ahh, so it's not people's greed and impatience, it's credit - (Arkadiy) - (5) - July 28, 2003, 11:55:17 AM EDT
             Agreed. - (a6l6e6x) - July 28, 2003, 12:15:53 PM EDT
             Bingo -NT - (bbronson) - July 28, 2003, 02:11:12 PM EDT
             Good reminder : also dispute resolution, leverage on returns -NT - (Ashton) - July 28, 2003, 04:12:09 PM EDT
             The problem is if you trip.... - (kmself) - (1) - July 28, 2003, 05:55:11 PM EDT
                 The problem happens when you don't pay - (Arkadiy) - July 29, 2003, 01:08:25 PM EDT
         Re: Credit card companies and their increasing power - (Nightowl) - July 28, 2003, 01:53:50 PM EDT
         Forget credit card debt, student loans will sink the U.S. -NT - (inthane-chan) - (4) - July 28, 2003, 06:55:27 PM EDT
             don't remind me. - (Steve Lowe) - (2) - July 29, 2003, 12:09:14 AM EDT
                 Difference between credit card debt and student loans... - (inthane-chan) - (1) - July 29, 2003, 02:04:25 PM EDT
                     Neoconmen are Incapable of subtle thought; could care less.. -NT - (Ashton) - July 29, 2003, 06:19:28 PM EDT
             Canada too - (jake123) - July 29, 2003, 07:35:32 PM EDT

Did you recently read an article?
52 ms