Brother, can you spare a VISA. - Political Forum

presluc · 02-04-2007, 01:15 PM

Credit Cards, American's helper, or the Devil in discise.
I saw some guy on T.V. explaining why the economy is so good.
According to him it's because American's are spending a lot of money,but when ask about the loss of savings in America he said not to worry.hum?
Now I don't want anyone to think I'm not trying to get in the door of the new technical America,so yes I have a Visa credit card through my bank.
I don't know about anybody else, but I have this phobia about bills and not being able to pay them,of cource that includes and especially credit cards.
Yet the "pre-payment"cards still come in the mail and my scissors need sharpened but one credit card is enough temptation for me.
Also with this new plastic invation comes a new source of crime called Indenty theft. And the criminals don't show favorites.
So be sure to cut up those credit card applications and careful who has your ss number.
Gentelmen,and Ladies I await your comments ,suggestions and beleifs

Brother Oz · 02-04-2007, 03:35 PM

Credit cards are definately the devil in disguise. I say that as someone who used to work for Lloyds TSB bank, one of the biggest in Britain, in the credit cards department. They are a foul device who's sole purpose is to get more money for the bank. Of course, people do have to borrow money, for things that would take ages to save up for, such as Houses or Cars. But these are much cheaper with a loan. In fact anything is cheaper with a straight loan. Credit cards have no purpose.

emptypepsi · 02-04-2007, 05:38 PM

It's pretty sad. I hear people almost brag about the unmanageable debt they have accumulated by buying boats, cars, entertainment systems, accessories for those things - and feel that it is all worth it, as they feel those things are almost necesities. There was a time when people who couldn't handle such things were regarded as outright morons. I would say that occurence is way too common today. Calling credit cards the devil in disguise is pretty fitting.

george.d · 02-04-2007, 09:04 PM

It depends on how one uses credit cards. If used as a method to avoid issuing manual checks with better records, dealing with transactions without cash and avoiding any interest charges, IMO they're a great convenience factor.

If used to accumulate debt at loan shark rate debt service to facilitate an imagined life style, enjoy it while you can. Those who accumulate high interest debt for lifestyle enhancement are assisting GDP enhancement based on debt. The piper will come calling.

In the US there is no longer any relief from personal credit card debt through a bankruptcy filing. If necessary, any outstanding balance and accrued interest will be collected from one's estate upon death. Welcome to the new era of technological indentured servitude.

Brother Oz · 02-05-2007, 05:19 AM

Quote:

dealing with transactions without cash and avoiding any interest charges

Use a debit card. That way, they pay you interest.

CHUQ · 02-05-2007, 06:08 AM

The devil in disguise. When an ad on tv shows a guy in a deli, screwing up the flow by paying in cash and it says do not let money slow you down, is pretty much the mind set. Also when you get ads like "Life takes Visa" basically saying you cannot life without Visa--just the indoctrinization of the public. It ois the devil gaining converts.

Brother Oz · 02-05-2007, 07:10 AM

Visas not the problem, visas not to blame. There's nothing wrong with debit cards, they're secure and convenient. It's the interest rates and charges on credit cards that are the problem, that's the fault of the banks.

CHUQ · 02-05-2007, 07:25 AM

I just saw a CNN report on "How To Rob A Bank" using cards, they are convienent but they report did not sound like they were that secure.

Brother Oz · 02-05-2007, 07:32 AM

They're more secure than cash. Just don't keep all your money in one place. I have a spending account with just a few hundred quid in, and a saving account with the rest of my money that isn't on card, so in the extremely unlikely event that my card got nicked and somehow they had the pin, I'd only lose a bit. To be honest though, it's hard to get much out of a card, because if you try to take loads more out than is normal in an unusual place, the bank doesn't allow you to.

CHUQ · 02-05-2007, 07:44 AM

Do not get me wrong, I see where the cards are good and bad, personally, I pay cash for everything. I will not go into debt to have a new pc. The prob, IMO, is that people are ignorant when dealing with cards; they overlook the fine print. One of my probs with cards is the way they are marketed, you know, you are a loser if you do not have a Visa, type thing.