2007-07-04 15:23:00 · 11 answers · asked by book writer 6 in Business & Finance ➔ Credit
Sorry Wal Mart did not get approval for what is known as an Industrial Bank. They wanted the charter to be able to process the credit card business....of course it would save them millions. Under our business system i see no problem with a corporation, if done legal, that it continues to provide more and more services, specially when they can do it better and in many cases, like Wal Mart, at a better price/deal for the consumer....Since they did not get approval Wal Mart will not offer a servies of financial services through 'other parties'' and special partnerships...I wish them luck and the best.
I for one are ready to use the services they provide...do most of my shopping there...great place
2007-07-04 17:57:37 · answer #1 · answered by Man of La Mancha 2 · 0⤊ 0⤋
1
2016-10-20 18:52:51 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Open an account with a credit union or a economic business enterprise. There are some issues you're able to try this would help on your quest for organising credit. the 1st element you will desire to do is open and shield a checking and doubtless even a reductions account at an area economic business enterprise. it fairly is effective in 2 approaches: once you have energetic economic business enterprise money owed in stable status, you're proving which you would be able to handle money. on a similar time as economic business enterprise money owed aren’t regularly a ingredient of your credit, lenders can use this preparation to make certain whether or not you're a credit threat. organising a courting with a economic business enterprise will strengthen your opportunities in acquiring a private loan or mastercard with the aid of them. in case you already do agency with a economic business enterprise, they might desire to be the 1st place to look. They recognize you and that they value your agency. This latest courting would desire to hold some weight while searching for credit. If all else fails, you could observe for secured credit (lower back at an area economic business enterprise or credit union). There, you could have a credit cut back linked to an account that the lender can take the money from in case you do not pay your invoice. in case you could desire to pass this direction, purely make advantageous the economic business enterprise comments the secured mastercard to the credit reporting companies. With usual comments to the companies from that card, after awhile (six months to a 365 days) you would be waiting to get carry of a usual mastercard or very own loan. stable success! i wish that helps.
2016-09-29 02:28:34 · answer #3 · answered by courcelle 4 · 0⤊ 0⤋
I heard FDIC wasnt going to approve their application to be a bank. If they are FDIC insured they can take deposits and open checking accounts and do loans.
Latest I heard last week they withdrew their application and are only going to be a prepaid credit card company. Or offer credit cards.
Totally different then a bank. They cant open checking accounts or savings accounts, they cant do loans (mortgage, cars), only credit cards.
2007-07-04 15:29:16 · answer #4 · answered by financing_loans 6 · 2⤊ 0⤋
Thats scary. Walmart is like the oil companies of the old days or the phone companies of the old (not that old) days,that monopolize everything. I hope they end up getting broken iup like the phone companies did. why don't you not go to Walmart just go to other stores.
2007-07-04 15:32:54 · answer #5 · answered by Pat 4 · 1⤊ 1⤋
A load of shops are offering credit as part of their business its the way the market is going
2007-07-04 17:20:09 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Nah, Walmart steals from enough people. I'm not going to add my name to that list.
2007-07-04 16:28:56 · answer #7 · answered by laurenm49 4 · 1⤊ 0⤋
h#&* NO! Absolutly not. Never in a million years.It's not good enough for them to stomp out the little guys, and now they want to go after the banks? Whats' up with that?
2007-07-04 15:47:55 · answer #8 · answered by Syrius 2 · 1⤊ 1⤋
Hellfire...NO!
It's bad enough that there are several Wally-Worlds in the city selling general merchandise (they have been refused licenses to sell grocery items here in Canada).
If they were good Corporate citizens, maybe I wouldn't mind, but they spend more in legal fees every year than they do in charity or "good acts"...several times to one, actually. All of them to fight fines and civil judgemets.
2007-07-04 15:31:45 · answer #9 · answered by jcurrieii 7 · 1⤊ 1⤋
No. I despise Walmart and I don't shop there.
2007-07-04 15:52:55 · answer #10 · answered by Anonymous · 1⤊ 1⤋