Ratch2002ca

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    • Sat Feb 2nd 15:29 PM | Rating: 0 0
      Commented on:
      NFP Day!
      Posting about info to be released in 10 min. seems rather pointless.
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    • Sat Feb 2nd 13:56 PM | Rating: 0 0
      Commented on:
      The U.S. Economy: Remembering the Past Could Help Fix the Future
      So you are smart, Easy E., and so am I. I use my credit cards responsibly and pay little if any interest. The banks get a transaction fee from the vendors. But that is not where the credit card companies are making their money. They do so by sending credit card applications to everyone, offering very low balance transfer intest rates, leading those who are having credit problems to refinance at a lower rate. Sounds wonderful, but then these poor people buy more and then the short term reduce rates go away and they cannot pay the bill. Even paying a good portion of the bill will not stop the bank from charging interest on the whole thing. If they cannot make the minimum payment the interest rate goes up even more. The latest wrinkle is that if you pay your bill in full once they still charge you interest on all your purchases until you've paid in full a second consecutive month.
      The suck the fools in an bleed them dry. The banks should pay consequences for their actions. Not all banks behave this way. You can tell by your mail who the big abusers are. Balance transfers don't mean much for you or I.
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