Credit card companies going crazy! WTF?!

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Originally Posted by tomato

Great post!

With respect, I must disagree on some points.

The BANKS are the ones pushing the credit on people who can't afford it to begin with. Yeah, people are greedy, they want everything immediately because they're like 2 y old who can't stand having to wait for something, I know, I know. But greed goes both ways and the banks are not blameless.

This poster above was saying he has *unlimited* credit on his Visa. Unlimitted? Really?!! Wow!!! Isn't that a little risky? Whatever happened to extending the kind of credit people can afford to pay back?!!

I'm especially upset at the concept that if some deadbeat skips town without paying their $10,000 debt at the mall, I, as a responsible consumer who pays my credit card bill off every month, have to pick up the pieces.

As to people not needing a credit card, it's not entirely true. A credit card is like that 5th tire you keep in the back of your car. Just in case. You never know, unexpected doctor bills, or you lost your job but have to bring food home while you're looking for another one, etc.

i would totally agree

they give me an unlimited limit... so i can go just buy a 40K lexus tomorrow on my card

can I affored to do that? no!

are there some people who see that and then go "YES!!!!! BUY NOW!!!"

I would think most of us know enough not to rack up what we can not afford but there are some people who just cant handle it and live above what they can afford

all they want is your money, they dont care if you can afford it or not, they want you to be dumb enough to charge what you cant afford so they make money off the interest.