I've had a cc for many years which I use only when I have to and always repay without incurring interest. They decreased my credit limit because they said my card stays dormant too long and I should use it now and again even for a cheap buy. I cancelled the card there and then. People have made these cc companies such fat cats, they have become bold enough to dictate to us to use the card or else. Is this what the 21st century will be like? Big corporation dictating their terms to us.
Does anyone else have cc horror stories?
2006-08-19 17:05:49 · 7 answers · asked by Ya-sai 7 in Society & Culture ➔ Other - Society & Culture
always use cash or debit card, cut all your credit cards and trash them.
Yes I hear what your saying I heard similar stories.
2006-08-19 17:13:22 · answer #1 · answered by I-C-U 5 · 0⤊ 1⤋
The 20th century is runs by economic and trades which relate to a common people that is financial rolling , by that c c is become popular and all those expenses covered by the Interest, and that is a human nature to buy things some times beyond their limits so cc full fill your lust and in reply you have to pay big big interest because of services,.,its like a giant snake which holds you and all your earrings how ever you spent and utilize then later on a person has to works only to pay them,.,that's how its end up,..,
2006-08-19 17:16:54 · answer #2 · answered by RAMBO 3 · 0⤊ 0⤋
If you do not use your credit card, the company that issues it does not make money. Even if you pay the card off monthly, they still make money on the merchant fees. If you are not using your card you are more of a risk because people who use their card frequently are in a mode and a mindset to pay the bill. If you do not use the card, chances are that you have not allocated money into your budget and if you ever used the card in a crisis situation the credit card company might not get their money.
2006-08-19 17:14:20 · answer #3 · answered by Joe K 6 · 1⤊ 1⤋
Its all about making money...its a business. They are not trying to be your buddy or friend. They grant you a service...you pay for the service. It is up to you(and you should) use the cards to your best advantage. I do.
2006-08-19 17:14:57 · answer #4 · answered by Robere 5 · 0⤊ 0⤋
I completely agree with you but I have always been smart about this so no, I don't have any horror stories to share.
2006-08-19 17:12:40 · answer #5 · answered by The Prince 6 · 0⤊ 0⤋
The interest rates and add-on charges are a horror story in themselves.
2006-08-19 17:13:46 · answer #6 · answered by Brigid O' Somebody 7 · 1⤊ 1⤋
Drop Them!
2006-08-19 17:11:05 · answer #7 · answered by Anonymous · 1⤊ 1⤋