Ron Lippold
RIP
Im pissed. I have never missed a payment on anything. I get a letter from Citi bank and they are rasing rates on all cards to 29.99%
I can not fricking believe this
I can not fricking believe this
HEAR WE GO
- Thread starter Ron Lippold
- Start date
Steve in Omaha
Member
You can thank the Obama administration. New rules for the banks to follow.
KevinL
Supportive Member
According to a letter I just got from Discover card, they are not allowed to raise your rates any more. Time to search for clarification.
Fred Homan
Member
- Joined
- Oct 7, 2006
- Messages
- 1,142
Bend over.... :shock:
boazcan
Member
Ron Lippold said:Im pissed. I have never missed a payment on anything. I get a letter from Citi bank and they are rasing rates on all cards to 29.99%
I can not fricking believe this
Good reason to pay it off and CANCEL it. BofA played with me earlier this year. Was a day late on a $74 balance. $35K limit, 14 yrs perfect pay - actually started my first business with it 14 yrs ago. Called them and cancelled it - they could care less. Obama put part of Fort Knox in their account. Good time to like the smell of cash.
Wayne Miller
Member
Thank gawd the government pulled Citibank back from the brink.......
rhyde
Member
Credit cards & payday loans are the biggest consumer trap out there. The only credit card I own is for business and it's paid off every month
roro
Member
Ron Lippold said:
How else can they pay their poor execs? Just be glad you aren't with Goldman Sachs
"So far this year Goldman has set aside $16.7bn for compensation and benefits, nearly as much as the $16.9bn it put away by the third quarter of 2007, when rewards reached record levels and Lloyd Blankfein, chief executive, earned $70m.
Because the bank’s headcount this year is about the same as two years ago, compensation is on track to match that of 2007, when Goldman employees received $661,000 each on average.
Mr Viniar said bonuses this year would be higher than in 2008, when Goldman received $10bn under the US government’s troubled asset relief programme and did not pay end-of-the-year bonuses to Mr Blankfein and other top executives. Goldman made $2.3bn that year, despite suffering its first quarterly loss as a public company during the final quarter of the fiscal year. "
Louis
Supportive Member
I know a cleaner that just filed bankruptcy because of that crap. He has no credit but plenty of extra cash around now.
He keeps telling me I should do it but I would only do it if I had to.
He keeps telling me I should do it but I would only do it if I had to.
steve frasier
Supportive Member
I wouldn't cancel it
we pay off the balance every month so it don't matter to me what they charge but went to buy gas one day and the card didn't work, Advanta went out of business and the card didn't work
kind of embarassing at the gas pump but a guy asked for a business card while I was bitching at the gas pump, we cleaned his carpets just the other day, kind of funny how things work out sometimes
we pay off the balance every month so it don't matter to me what they charge but went to buy gas one day and the card didn't work, Advanta went out of business and the card didn't work
kind of embarassing at the gas pump but a guy asked for a business card while I was bitching at the gas pump, we cleaned his carpets just the other day, kind of funny how things work out sometimes
Desk Jockey
Member
We had Advanta and they canceled their cards to over a million businesses last year with 10-days notice. :shock:
It took us a month of scrambling to get another card and I pay in in full each month. It's difficult to do business without one.
I do miss my bonus points from Advanta!
It took us a month of scrambling to get another card and I pay in in full each month. It's difficult to do business without one.
I do miss my bonus points from Advanta!
ACE
Member
Matt Murdock said:
IF you still have equity.
I will have all my cc debt paid off in a week. I got sucked into thinking I could built credit by using them and just transfer balances around to another into rate of 0-2%. Those days are gone and it might not be such a bad thing. I hope China doesn’t have the same ability to change credit terms.
Desk Jockey
Member
I prefer a good hamburger over a steak any day. 
If I'm trying to eat healthy, shiken on the barbie instead of a burger. :|
If I'm trying to eat healthy, shiken on the barbie instead of a burger. :|
Greg Cole
Member
Why on earth is ANYONE using their credit card like an ATM machine. If you do not have the money to pay it off - DONT Charge it!
Ed
Member
I'm debt free in my business. Personal, just the house payment. I've got one business credit card and it's paid off monthly.
Ken Snow
RIP
For me all our corp credit cards & my prsonal cards are just tools to get additional time on our money and to earn reward points. We charge 100-200k a month on my cards but all are paid off each month so no charges are incurred.
Citibank & Chase = legalized , GOVERNMENT BACKED Loan Sharks
This will come back to haunt them big time. People will remember this for along time and avoid them permanently.
I will never do business with either of these companies ever.
This will come back to haunt them big time. People will remember this for along time and avoid them permanently.
I will never do business with either of these companies ever.
Desk Jockey
Member
We owe on everything, well most everything.
We almost paid this building off and did a $100,000.00 remodel and now we owe for 10-more years.
Bought a new building last year in Lawrence and owe for 15-yrs.
When ever we pay something off we look to see what else we need and buy it.
Debt free?
I really can't even imagine, I've never seen it and probably never will.
:mrgreen:
We almost paid this building off and did a $100,000.00 remodel and now we owe for 10-more years.
Bought a new building last year in Lawrence and owe for 15-yrs.
When ever we pay something off we look to see what else we need and buy it.
Debt free?
I really can't even imagine, I've never seen it and probably never will.
:mrgreen:
