Been ripped off

[Chickenboy]

ORIGINAL: rogo727
not a big fan of credit cards no matter on how your state it its bad for America .

Nonsense. It's like saying automobile loans or leases are bad for America. Or mortgages. Or home equity lines of credit. Or....

They're financial tools to ease payment for goods and services. They're different than the aforementioned financial tools. All are subject to abuse or overindulgence. All can get people into financial trouble if they're not careful. It's like saying claw hammers are bad for America whilest ball pean hammers are hunky dorey. It doesn't make any sense. Don't blame the tool-blame the user.

What's bad for America is people's sense of false entitlement, combined with a poor work ethic, spartan job skills and education and lack of financial sophistication. Hell, I'd even settle on basic financial education or understanding. Putting easy credit into these people's hands is fraught with peril. So I'd say that providing too many people that don't deserve it with easy credit is the problem. I blame the banks that approve users for these accounts that shouldn't be approving them.

[Chickenboy]

ORIGINAL: rogo727

The average cost every time you use your credit card cost right around 50 cents. It's more if you use American Express . To the retailer that is not the consumer . Seen those commercials where you can swipe a credit card on your smart phone and they say it will only charge you a very low 3.25% every time you use it? Now apply that to a retailer.

Yes. So? Take cash only. Watch what happens to your customer numbers when they find out that's your policy and that you don't accept the financial payment tools they most value.

"Welcome to modernity" rogo727. There will always be credit cards, it's just a cost of doing business.

[rodney727]

Every year more and more people have civil judgments against them regarding credit cards than anything else in America. It's a very serious problem and no it's not nonsense. I can't explain every little thing to you. LOL how can a debit card get you into trouble? You lost me there. Your take on Debit cards is not the death to all you make it seem to be. You didn't even know that credit cards charge retailers high fee's and that the grocery industry have several lawsuits in progress against such standards. Again let me state I'm not a credit card fan. You are that's fine. Respect my opinion and I will respect yours.

ORIGINAL: Chickenboy

ORIGINAL: rogo727
not a big fan of credit cards no matter on how your state it its bad for America .

Nonsense. It's like saying automobile loans or leases are bad for America. Or mortgages. Or home equity lines of credit. Or....

They're financial tools to ease payment for goods and services. They're different than the aforementioned financial tools. All are subject to abuse or overindulgence. All can get people into financial trouble if they're not careful. It's like saying claw hammers are bad for America whilest ball pean hammers are hunky dorey. It doesn't make any sense. Don't blame the tool-blame the user.

What's bad for America is people's sense of false entitlement, combined with a poor work ethic, spartan job skills and education and lack of financial sophistication. Hell, I'd even settle on basic financial education or understanding. Putting easy credit into these people's hands is fraught with peril. So I'd say that providing too many people that don't deserve it with easy credit is the problem. I blame the banks that approve users for these accounts that shouldn't be approving them.

[Chickenboy]

ORIGINAL: rogo727
You didn't even know that credit cards charge retailers high fee's and that the grocery industry have several lawsuits in progress against such standards.

Sure I knew that. It's just that, as a consumer, I couldn't possibly care less.

Retailers have to dance to the tune of the credit card companies. That's the nature of that relationship. Retailers don't like it-I get that. But railing against the financial machine is unlikely to get you guys anywhere.

It's free enterprise-if you think the cc companies are charging you usurious fees, you disenroll. Sure, you'll be killing yourselves to make the point (no one will shop there) against the cc companies, but there's nothing keeping you tethered to 'em.

Anyways, debit card transactions cost *someone* somewhere something. See this for a brief breakdown of the debit card online vs. offline fee structure.

http://banking.about.com/od/checkingacc ... credit.htm

Gee, what a surprise (not)! Retailers *do* pony up for the fee for online (where they punch in their PIN) transactions. But it's cheaper than the 2% charge for credit cards. Banks pay more of the transaction fees for the debit transactions, so they'll entice you to use credit cards.

So, retailers (such as yourself) are vested in their interests of getting consumers to use debit cards. Banks prefer consumers use credit cards. As a consumer, both banks and retailers can go hang-I'll choose which suits my means at the time.

With all due respect, rogo727, I don't think you're taking a very objective stance here. Your arguments to others here for exclusive use of debit cards is pretty self-serving, based upon your affiliation with a retail grocery group.

[wodin]

To be frank though Chickenboy I'd rather give the local grocery shop a helping hand than a bank.

[Chickenboy]

ORIGINAL: wodin

To be frank though Chickenboy I'd rather give the local grocery shop a helping hand than a bank.

I totally get that, mate. Provided you know the trade off and risks assumed by yourself. Once you're informed, then it's all about your choice.

[rodney727]

To set the record straight I never said don't use credit cards. I said it's silly to have multiple credit cards. Like I said I have one that I only use on vacation. If you worked in retail you would understand that it's a huge fee that cut's into your bottom line.

ORIGINAL: Chickenboy




With all due respect, rogo727, I don't think you're taking a very objective stance here. Your arguments to others here for exclusive use of debit cards is pretty self-serving, based upon your affiliation with a retail grocery group.

[Rtwfreak]

ORIGINAL: wodin

Due to my tumour I've had no interest in porn or anyhting else like that for many years...

So no the card wasn't used to by porn..only thing are bills' food and the odd game...oh and pressies at Xmas.

Finally why would anyone buy porn on the net?? Surely there is enough of it online for free anyway?

lol how would you know there is enough of it online for free Wodin? hehe heeeeeee

[wodin]

Even someone who has never even used a PC or gone online knows that.

[Larac]

though the press tries to push that online is the issues, studies seem to say that most cards numbers are stolen at retail still.

had 30k charged to my amex one month.

as wife is at National Lab, had to report it there and FBI were on hand when they landed, they bought airline tickets.
was traced back to a store I used it at in Santa Fe.

but good luck, always a pain having to clear it up.

Amex pulled the charges, asked for written letter, and took care of it for us, plus the reports to lab security.

But you have to watch and catch it.

Good Luck,
Lee

[Rtwfreak]

Every year more and more people have civil judgments against them regarding credit cards than anything else in America.

That's only because people are ignorant and scared of the big bad wolf. Many don't know they can just file a chapter 13 and absolve themselves of 99% of all of that debt. Especially signature debt. The creditors take the loss and the debtor walks away scott free in most cases except for lawyers fees of about $1200 or so. I listend to a bankruptcy case of value of $92,000 and the debtor walked away from it all owing nobody nothing. Of course I shook my head but there you are. Signature debt is the easiest debt to get out of. (Signature debt is usually credit card debt where they just kept rasing the value and the debtor just kept abusing it). This particular person was getting new credit cards to pay old credit card minimum payments and his credit limit just kept going higher and higher until they all finally stopped giving him any. That's when it all caught up to the debtor.

What's funny is there really aren't any debtors prisions anymore but what they are calling debtors prisons today are those that "don't repond or appear in those civil judgement cases". Those are the idiots an uninformed. They are so scared they are going to jail they end up going to jail anyways for not appearing. lmao Some new loophole rule that's being imposed now for not appearing or at least submitting a response letter.

[rodney727]

As of last year, you can no longer state credit card dept in bankruptcy court. Some states like New York already had this in place. I have to say I agree with this.

ORIGINAL: Rtwfreak

Every year more and more people have civil judgments against them regarding credit cards than anything else in America.

That's only because people are ignorant and scared of the big bad wolf. Many don't know they can just file a chapter 13 and absolve themselves of 99% of all of that debt. Especially signature debt. The creditors take the loss and the debtor walks away scott free in most cases except for lawyers fees of about $1200 or so. I listend to a bankruptcy case of value of $92,000 and the debtor walked away from it all owing nobody nothing. Of course I shook my head but there you are. Signature debt is the easiest debt to get out of. (Signature debt is usually credit card debt where they just kept rasing the value and the debtor just kept abusing it). This particular person was getting new credit cards to pay old credit card minimum payments and his credit limit just kept going higher and higher until they all finally stopped giving him any. That's when it all caught up to the debtor.

What's funny is there really aren't any debtors prisions anymore but what they are calling debtors prisons today are those that "don't repond or appear in those civil judgement cases". Those are the idiots an uninformed. They are so scared they are going to jail they end up going to jail anyways for not appearing. lmao Some new loophole rule that's being imposed now for not appearing or at least submitting a response letter.

[wodin]

If the banks are stupid enough to keep giving out the money then I have no sympathy for them..though I have no sympathy for banks or bankers anyway. In the UK bankruptcy is all debt..they just can't get credit again for 10 years including a mortgage.

Thankfully we don't live in an age where there are debtors prisons. Also in the UK you can't get put in prison for not turning up to a hearing as it's a civil offence not a criminal one.