50% of Americans Couldn't Come Up with $2000 - Page 3

Aliantha · 05-24-2011, 09:42 PM

That statistic doesn't surprise me, even if it's not completely proven. I don't know too many people who could come up with 2k without blinking an eye. I know we'd have trouble doing it right now although we'd manage.

I have to say that over the last couple of years, the cost of living here has gone up so much it's just impossible to find the right words to describe it. We're on an above average household income, and yet we're finding we can't save at all anymore, so we're in the midst of making some major changes to how we live. One of those is sacrificing the quality of the food we eat. When you're paying $10/kg for bell peppers, and $6/kg for carrots it's becoming impossible to eat healthy as in, to afford to buy enough fruit and veges to allow everyone their recommended daily intake, which is a guide and the teenagers in our house would eat more than that at the moment. That's not even including buying things like milk and bread and some kind of protien. Fortunately for us, we suppliment that by fishing, but it's still out of control.

I know this isn't america, but it's still a western country.

classicman · 05-24-2011, 09:42 PM

Why Creditors Close Inactive Accounts

Quote:

Closing your unused credit card gives the card issuer the ability to extend that credit limit to someone who's going to use it. In other words, that's someone who's going to make charges and incur interest. It's simply a business decision all lenders have to make at some point.

some links here ...

Trilby · 05-25-2011, 06:31 AM

P.s. Capitol One is teh debbil.

classicman · 05-25-2011, 10:11 AM

My card was a Chase card and was canceled.

Again, I am speaking from personal experience. There is nothing misleading about facts, whether you like them or not.

Fair&Balanced · 05-25-2011, 10:12 AM

Quote:

Originally Posted by classicman

My card was a Chase card and was canceled.

Again, I am speaking from personal experience. There is nothing misleading about facts, whether you like them or not.

Perhaps you just ignored the notice or had credit issues. I dont know the circumstances, I do know the policy. It is a risk management policy and a standard practice among the big three. Even more so since the passage of the CARD Act in 09 (no, the act does not address dormant cards, but it does reaffirm the overall risk management practices).

Fair&Balanced · 05-25-2011, 10:18 AM

Quote:

First, one has a credit card, does not use it, and therefore has no monthly payments. FALSE
The argument is valid, but subjective.
I don't believe most of the 'on the edge' cannot have any credit cards.
A credit card that you have and do not use can cost nothing. FALSE
Anybody can afford a credit card by not using it. FALSE

None of the statements are FALSE on their own merit.

Undertoad · 05-25-2011, 10:20 AM

J works in the HQ of the card department at one of the banks mentioned, *specifically* in matters like these, and will settle this immediately when she gets home.

Fair&Balanced · 05-25-2011, 10:32 AM

Quote:

Originally Posted by Undertoad

J works in the HQ of the card department at one of the banks mentioned, *specifically* in matters like these, and will settle this immediately when she gets home.

Battle of the banker babes?

My info is from my sis, who works at a pretty high level in the consumer/community affairs dept of one of the big three.

BigV · 05-25-2011, 10:29 AM

oh snap!

you just wait til momma gets home.

infinite monkey · 05-25-2011, 10:37 AM

This'll be good.

It's like someone telling me how financial aid works and what the regs are because something happened one time to them or to their friend's dog and that is how it works because that is how it works.

GO J!

disclaimer: I ain't on any side...I have no clue about any of it.

Spexxvet · 05-25-2011, 10:43 AM

I predict that the answer will be somewhere in the middle: they can do it, but don't always do it.

glatt · 05-25-2011, 10:47 AM

Well, in my experience, I have cards I don't use, and I don't pay squat for them. So right there, the "FALSE" claim is wrong. I haven't been contacted by anyone that they are going to cancel my cards.

I don't carry a balance on the card I do use. I imagine the card companies don't like me much, but they do make a little bit off of each transaction through merchant fees. Certainly enough to cover postage on the bill.

Fair&Balanced · 05-25-2011, 10:48 AM

Quote:

Originally Posted by infinite monkey

This'll be good.

It's like someone telling me how financial aid works and what the regs are because something happened one time to them or to their friend's dog and that is how it works because that is how it works.

GO J!

disclaimer: I ain't on any side...I have no clue about any of it.

The initial charge of FALSE was not based on what happened to him or them or his friends, but the old "Google is your friend" defense.

Pet peeve - Google is not your friend. It is a tool and only as friendly as your interest in using it wisely and thoroughly, not superficially and selectively.

Fair&Balanced · 05-25-2011, 11:13 AM

Quote:

Originally Posted by infinite monkey

This'll be good.

or to their friend's dog...

I'm holding the "my friend's dog ate the evidence" in reserve.

infinite monkey · 05-25-2011, 10:44 AM

sez Carnac the Magnificent.

05-24-2011, 09:42 PM	#1
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	That statistic doesn't surprise me, even if it's not completely proven. I don't know too many people who could come up with 2k without blinking an eye. I know we'd have trouble doing it right now although we'd manage. I have to say that over the last couple of years, the cost of living here has gone up so much it's just impossible to find the right words to describe it. We're on an above average household income, and yet we're finding we can't save at all anymore, so we're in the midst of making some major changes to how we live. One of those is sacrificing the quality of the food we eat. When you're paying $10/kg for bell peppers, and $6/kg for carrots it's becoming impossible to eat healthy as in, to afford to buy enough fruit and veges to allow everyone their recommended daily intake, which is a guide and the teenagers in our house would eat more than that at the moment. That's not even including buying things like milk and bread and some kind of protien. Fortunately for us, we suppliment that by fishing, but it's still out of control. I know this isn't america, but it's still a western country. __________________ Kind words are the music of the world. F. W. Faber

05-25-2011, 06:31 AM	#3
Trilby Slattern of the Swail Join Date: Jul 2004 Posts: 15,654	P.s. Capitol One is teh debbil. __________________ In Barrie's play and novel, the roles of fairies are brief: they are allies to the Lost Boys, the source of fairy dust and ...They are portrayed as dangerous, whimsical and extremely clever but quite hedonistic. "Shall I give you a kiss?" Peter asked and, jerking an acorn button off his coat, solemnly presented it to her. —James Barrie Wimminfolk they be tricksy. - ZenGum

05-25-2011, 10:11 AM	#4
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	My card was a Chase card and was canceled. Again, I am speaking from personal experience. There is nothing misleading about facts, whether you like them or not. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

05-25-2011, 10:29 AM	#9
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	oh snap! you just wait til momma gets home. __________________ Be Just and Fear Not.

05-25-2011, 10:43 AM	#11
Spexxvet Makes some feel uncomfortable Join Date: Dec 2005 Posts: 10,346	I predict that the answer will be somewhere in the middle: they can do it, but don't always do it. __________________ "I'm certainly free, nay compelled, to spread the gospel of Spex. " - xoxoxoBruce

05-25-2011, 10:20 AM	#7
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	J works in the HQ of the card department at one of the banks mentioned, specifically in matters like these, and will settle this immediately when she gets home.

05-25-2011, 10:37 AM	#10
infinite monkey Person who doesn't update the user title Join Date: Mar 2011 Posts: 13,002	This'll be good. It's like someone telling me how financial aid works and what the regs are because something happened one time to them or to their friend's dog and that is how it works because that is how it works. GO J! disclaimer: I ain't on any side...I have no clue about any of it.

05-25-2011, 10:47 AM	#12
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	Well, in my experience, I have cards I don't use, and I don't pay squat for them. So right there, the "FALSE" claim is wrong. I haven't been contacted by anyone that they are going to cancel my cards. I don't carry a balance on the card I do use. I imagine the card companies don't like me much, but they do make a little bit off of each transaction through merchant fees. Certainly enough to cover postage on the bill.

05-25-2011, 10:44 AM	#15
infinite monkey Person who doesn't update the user title Join Date: Mar 2011 Posts: 13,002	sez Carnac the Magnificent.

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