tag:blogger.com,1999:blog-26427738.post2964857638024890109..comments2023-11-02T08:52:30.787-04:00Comments on Connecticut Bob: Credit Card ReformUnknownnoreply@blogger.comBlogger15125tag:blogger.com,1999:blog-26427738.post-27713139972261370092009-04-05T06:13:00.000-04:002009-04-05T06:13:00.000-04:00"Simplicity, simplicity, simplicity" ... as Thorea..."Simplicity, simplicity, simplicity" ... as Thoreau once wrote... "Make your affairs as three or four..."<BR/><BR/>Thanks only partly to the wealthy-oriented policies of the past 30 years, regular Americans have little choice but to maintain at least one or two credit cards and/or credit lines.<BR/><BR/>I for one have an Amex and a MasterCard, which I use just enough to (a) keep the accounts West Haven Bobhttps://www.blogger.com/profile/07712427655275435591noreply@blogger.comtag:blogger.com,1999:blog-26427738.post-31533727069510063612009-04-03T23:14:00.000-04:002009-04-03T23:14:00.000-04:00Rather than paying interest on endless revolving b...Rather than paying interest on endless revolving balances, why not purchase less items not really needed for everyday life? The money saved can go into a rainy day account to pay for emergencies such as car troubles. This is what people such as the post depression generation used to do. It's strange but what I seem to be seeing here is people really just want to charge and have lower interest Nopartisannoreply@blogger.comtag:blogger.com,1999:blog-26427738.post-44711728692881299662009-04-03T19:01:00.000-04:002009-04-03T19:01:00.000-04:00Nopartisan is brilliant.Out of necessity, a strugg...Nopartisan is brilliant.<BR/><BR/>Out of necessity, a struggling consumer is forced to put his or her car repair on a credit card, (say a blown transmission on a car needed for work), and when BoA jacks their rate from 9% to 29% his solution is that you should never use credit?!!<BR/><BR/>My solution is that the govt. should re-instate usury laws, preventing a credit card company from charging Unknownhttps://www.blogger.com/profile/17796265447704697065noreply@blogger.comtag:blogger.com,1999:blog-26427738.post-61674367329038356912009-04-03T16:21:00.000-04:002009-04-03T16:21:00.000-04:00Ever try to get a checking account with no credit?...Ever try to get a checking account with no credit?<BR/><BR/>That horse might be dead, but it keeps goin' round and round.....West Haven Bobhttps://www.blogger.com/profile/07712427655275435591noreply@blogger.comtag:blogger.com,1999:blog-26427738.post-87038702162713771102009-04-03T14:58:00.000-04:002009-04-03T14:58:00.000-04:00Not to beat a dead horse, but all the things liste...Not to beat a dead horse, but all the things listed above can be bought with a debit card. You will be spending money you have in your checking account with the convenience of a credit card. Best thing about it? No interest and no cares. But if credit we must have then I agree reform is long overdue.Nopartisannoreply@blogger.comtag:blogger.com,1999:blog-26427738.post-74236482066894360892009-04-03T13:06:00.000-04:002009-04-03T13:06:00.000-04:00Glad YOU did!Glad YOU did!West Haven Bobhttps://www.blogger.com/profile/07712427655275435591noreply@blogger.comtag:blogger.com,1999:blog-26427738.post-66668136960157370802009-04-03T11:55:00.000-04:002009-04-03T11:55:00.000-04:00Or make a hotel reservation? Or rent a car?Or sign...Or make a hotel reservation? <BR/><BR/>Or rent a car?<BR/><BR/>Or sign up for a pay porn website?<BR/><BR/>(oops! did I just say that?)CT Bobhttps://www.blogger.com/profile/07334232414964958641noreply@blogger.comtag:blogger.com,1999:blog-26427738.post-4070631915017881982009-04-03T09:24:00.000-04:002009-04-03T09:24:00.000-04:00Other than a mortgage and car why would you need t...<I>Other than a mortgage and car why would you need to buy anything on credit anyway?</I><BR/><BR/>Ever try to buy a plane ticket with cash?mattwnoreply@blogger.comtag:blogger.com,1999:blog-26427738.post-83043980611726405412009-04-03T08:54:00.000-04:002009-04-03T08:54:00.000-04:00Nopartisan, sadly, there are a lot of people who d...Nopartisan, sadly, there are a lot of people who don't show the restraint or good judgment that someone like you possesses. When simply given those kinds of credit terms, they'll take full advantage of them, without considering the consequences. That's why credit card reform is so important, because, just like the mortgage crisis, people can get into trouble when they buy into the idea that theCT Bobhttps://www.blogger.com/profile/07334232414964958641noreply@blogger.comtag:blogger.com,1999:blog-26427738.post-58074942478006072962009-04-03T08:11:00.000-04:002009-04-03T08:11:00.000-04:00I don't understand the mentality of buying a servi...I don't understand the mentality of buying a service or product on credit and then paying interest on that purchase. I have messed my finances up by playing the consumer game, buying on credit and owing my financial freedom to the whims of the credit holders. I understand that it is easy to talk about going credit card free, but the first step is get rid of them and live within your needs. Even Nopartisannoreply@blogger.comtag:blogger.com,1999:blog-26427738.post-8005163512734665312009-04-03T01:49:00.000-04:002009-04-03T01:49:00.000-04:00It's all well and good to say "don't use credit ca...It's all well and good to say "don't use credit cards", and it's easy to point out examples of excessive consumption, but we need some serious reform. These banking/finance companies are unspeakably corrosive to our Democracy, and they need to be confronted directly. Simply wagging the finger at consumers isn't going to get the job done. <BR/><BR/>Thank you, Kirby! (And love that photo, by the Oaktown Girlhttps://www.blogger.com/profile/00811331454878606058noreply@blogger.comtag:blogger.com,1999:blog-26427738.post-49278920712344863032009-04-02T11:48:00.000-04:002009-04-02T11:48:00.000-04:00Dodd really needs to listen to what his constituen...Dodd really needs to listen to what his constituents are saying. The MLN live blog was a great step in the right direction.CT Bobhttps://www.blogger.com/profile/07334232414964958641noreply@blogger.comtag:blogger.com,1999:blog-26427738.post-76816920615724201452009-04-01T11:28:00.000-04:002009-04-01T11:28:00.000-04:00Just another reason to cut up the credit cards. Do...Just another reason to cut up the credit cards. Don't play the credit game, it is rigged.Nopartisannoreply@blogger.comtag:blogger.com,1999:blog-26427738.post-6930656114965407792009-04-01T10:45:00.000-04:002009-04-01T10:45:00.000-04:00Credit card companies' playing games with the rece...Credit card companies' playing games with the receipt date has been going on for a long time. A work colleague of mine had a credit card account with Fleet which got transferred to Bank of America with the merger they conducted. BoA processed all of their credit cards in the Carolinas, even though the return address on the credit card statement went to Hartford, CT, Fleet's old payment center.VizierVichttps://www.blogger.com/profile/17973620789437458294noreply@blogger.comtag:blogger.com,1999:blog-26427738.post-7528448901706497232009-04-01T09:34:00.000-04:002009-04-01T09:34:00.000-04:00The best credit card plan would be simply to not u...The best credit card plan would be simply to not use them. As a people we should all step back from the consumer society and learn to live without debt. I know people who for example had a 42" plasma television, their neighbor bought a 50" LCD and you guessed it they ran out and bought an even bigger set. Sadly they still haven't finished paying for the first one. Credit cards are nothing more Nopartisannoreply@blogger.com