primitives discuss credit cards used in thrift stores

[franksolich]

http://demopedia.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x6070756

Oh my.

Shallah Kali  (1000+ posts)       Wed Jul-15-09 12:22 AM
Original message
 
Thrift Store Purchases Could Hurt Cardholders Credit Card Companies Track Purchases At Thrift Store

http://www.wesh.com/money/20000575/detail.html

A government probe revealed some credit card companies have been tracking purchases in bargain stores to determine if customers may be in financial trouble and pose a credit risk.

That means shoppers like Kelly Mawhinney, who likes to pick up used clothing for her family, could have her credit limit capped, interest rate raised or suffer a bad credit score.

snip

Kosmas said a new credit card law signed by President Barack Obama in May will help crack down on banks.

"Some of their practices were inappropriate, and now we've made them illegal," Kosmas said.

In the short term, consumer credit counselors said cardholders should ease up on credit purchases.

"Cash certainly is one way to get around having the eye of the creditor looking over your shoulder all the time," Consumer Credit Counseling Service spokesman Richard Schram said.

It's a big bonfire, so only the Primitives of Prominence.

It's well worth getting out the boat and rowing over to see the original in its entirety, though.

First up, the Rita Hayworth primitive:

Tangerine LaBamba  (1000+ posts)      Wed Jul-15-09 12:31 AM
Response to Reply #1
 
2. Did that a few years ago, and I can't believe how much simpler life is now.

Credit cards have become weapons of mass destruction for most Americans, and we all really need to pull back.

Have you ever seen that commercial where a woman is talking about having had an asthma attack, spent several days in the hospital, and then she says, "Where was I gonna get $17,000? I couldn't do it. I just couldn't."

Then the script goes on to talk about how she was able to work out a payment plan with her credit card company!!!!!!

And the woman appears again, looking so happy.

It's a monstrosity of a production, from every angle...............................

Ms. Ed, the unappellated eohippus who writes personal messages to herself:

Horse with no Name  (1000+ posts)        Wed Jul-15-09 12:32 AM
Response to Reply #2

4. I was "cash-only" before "cash-only" was cool

Horse with no Name  (1000+ posts)        Wed Jul-15-09 12:47 AM
Response to Reply #12
 
17. Enterprise will take checks with a deposit and debit cards.

The pollen primitive, once known as the "RG Bolen" primitive, who doesn't like small town folk:

RB TexLa  (1000+ posts)      Wed Jul-15-09 12:38 AM
Response to Original message

7. "cardholders should ease up on credit purchases"
 
People should not be purchasing anything right now.

The nemesis of the maudlin ragamuffin "Mythsaje" primitive:

omega minimo  (1000+ posts)        Wed Jul-15-09 12:42 AM
Response to Original message
 
11. **** em if they can't take a joke --------------- Rec +4

They know people shop at thrift stores to avoid giving corporate vampires more of their money than necessary. Trying to scare people out of it?

Pathetic.

The silly primitive:

SoCalDem  (1000+ posts)        Wed Jul-15-09 12:46 AM
Response to Original message
 
15. Local theater companies will have to start using cash

When I was in theater, our props departments scoured EVERY 2nd hand store we could find

In case nobody knew this, the silly primitive acted in local theatrical productions until she started packing on the lard some years ago.

[The Village Idiot]

I was pretty certain that "in theater" didn't mean combat

[VelvetElvis]

Horse with no Name  (1000+ posts)        Wed Jul-15-09 12:32 AM
Response to Reply #2

4. I was "cash-only" before "cash-only" was cool

Let me translate: 

"There isn't a financial institution in the world crazy enough to even think of lending me money"

[franksolich]

Let me translate: 

"There isn't a financial institution in the world crazy enough to even think of lending me money"

Especially if Ms. Ed is a hard-working much-overtimed registered nurse making $24,000 a year.

[jukin]

Wait until the government tracks your every move to determine if any activity you do is considered a cost or benefit to Big Brother.

NAAAHH that will be just fine with the DUchebags.

[BlueStateSaint]

Wait until the government tracks your every move to determine if any activity you do is considered a cost or benefit to Big Brother.

NAAAHH that will be just fine with the DUchebags.

Yeah, until Big Brother decides that most, if not all, of their activities are "costs."

It would happen.  Fairly quickly.

[USA4ME]

Too funny!!

Shallah Kali

9. I only use a credit card to build a credit history.

Going cash only left me with none so I couldn't even get a credit card at my credit union. A good friend of mine had to cosign her son's mortgage because like me he was cash only so in spite of making nearly 3x his Mom's income she had better credit than him. So for now I use it to buy groceries a couple times a month and pay it off in full each time.

If true, good move.  And you're right, "cash only" doesn't build credit references and, as a result, credit scores.

MadHound
Response to Reply #9

13. That's a fairly common myth

Credit score is not just about what you borrow, but your financial situation in general. Do you pay your bills on time, are you working and what's your salary, that sort of thing.

I've never had a credit card, and my credit score is excellent. One of the tricks I did was take out a small loan(for a moped at the time) when I was eighteen and paid it back before due. When I bought a house, I didn't need a cosigner and had no problem.

That's a lie to call it a myth.  Credit score is not about what you borrow, I agree.  Of course the poster you're talking to didn't say that, but what's that got to do with anything, right dimwit?  But as far as credit scores and how they are tabulated, yes to "do you pay your bills on time," no to "are you working," no to "what's your salary."

John Q. Citizen
Response to Reply #13

37. You borrowed money for a moped. How it that different from any unsecured loan?

(Which is what a credit card is)

If you share rent and utilities, then often the bills aren't even in your name even though you pay your share.

I agree that there are a lot of people who shouldn't have credit cards and get into big trouble with them. But their are others who pay off their balances each month and find them very convenient and far less expensive for a whole number of reasons.

Using a credit card doesn't make someone less moral, less thrifty, or less smart than not using a credit card.

It doesn't necessarily make someone smarter either. It depends on personal situations much more than on an assumption either way that credit cards are good or bad.

Buying a moped is a secured loan, doofus.  An unsecured loan is what it says, you're just borrowing money on you signature and promise to repay, the money isn't secured by any property.

Honestly, how do they tie their shoes?

DireStrike
Response to Reply #13

41. That's not true

My mom is 56 years old, been paying bills on time all her life. She has "no credit". Makes it very hard to get loans.

I agree.

Oh BTW, don't tell the madhound primitive that he's a liar.  He gets all huffy when someone points out he's an imbecile.

MadHound
Response to Reply #41

51. OK, I'm ******* lying and don't know what the **** I'm talking about
 
And this house that I bought, the second one I took out a mortgage for in my life, it's a ******* figment of my imagination because I certainly couldn't have gotten a good credit score without having a credit card in my life.

Don't call me a liar, don't say that what I'm talking about isn't true. I've lived my life, these things happen as I stated. I don't know what the **** went down with your mom, perhaps she hasn't been as diligent about matters as you would like to think.

See, told ya he'd get all huffy.

No primitive, you don't know what you're talking about.  Many buyers, especially first time homebuyers, need some form of credit history to buy a house; credit cards being a type that shows you can budget for revolving credit, a car payment being one to prove you can handle installment loans.  The credit basis for the "second one I took out a mortgage for" was a result of you having had one previously.  Idiot.

Hannah Bell
Response to Reply #51

58. I don't know about your situation, but i originally got a card because i also had "no credit" in my thirties, despite paying all my bills on time, etc.

True.  Utilities don't report to the credit bureau.

DireStrike
Response to Reply #51

70. My experience directly contradicts yours

Maybe you took out some things that count as credit that you are not aware of.

durablend
Response to Reply #70

74. I agree he's full of it (or just misinformed)

Things like income and occupation have ZERO bearing on your credit score. ZERO. Lenders may (and usually DO) take those things into account when you're applying for a loan, but that magic FICO number doesn't care one whiff about it.

Take away the "may (and usually DO)" nonsense and I agree.

Lorien  (1000+ posts)      Wed Jul-15-09 11:16 PM
Response to Reply #74

89. Care to back that up with a link, because having a six figure income-but never a credit card- sure gave me a perfectly lovely credit score back in the Clinton years. I bought both a house and car with no cosigner and nothing more than a history of a good income and prompt bill payments (hint: banks always check your payment history with your utility provider).

I highly doubt the 6 figure income claim.  Maybe sixfigure if you include the cents at the end.

Otherwise, may or may not be true.  One can certainly buy a house with little to no credit if you're willing to plunk down 30%+ of the purchase price.

The highlighted part, that's a lie.

MadHound
Response to Reply #70

96. Oh, now you go from basically calling me a liar to treating me like a small child

You really know how to make friends and influence people, don't you?

I would think that I would be aware of any "things" that I took out that involved credit or debt, especially since, other than the initial loan long ago, and two mortgages, I've avoided all other credit like the plague.

Your experience may directly contradict mine, but that doesn't mean that I'm wrong, that I'm lying, that I'm forgetful, or that it didn't happen. It means that my experience was simply different from yours. If you choose not to believe that, whatever, I really don't care. But please stop trying to pass off that difference as my being either untruthful or childlike, it really pisses me off, OK.

I'm calling you a liar, and treating you like a small child would be a step up from how you deserve to be treated.

These dolts get caught lying while trying to sound smart and then get all nasty when someone points it out.  A comedy of stupidity from Skin's island.

.

[USA4ME]

slampoet

19. Is THIS why i haven't been able to get decent credit for 20 years? I will sue them to HELL!!

90% of my household is Thrift store. Is this why my bank feels like they can **** with me?

Those heartless ****ers!

You haven't been able to get decent credit card rates for 20 years because your payment history shows consistent 30, 60 and 90 days lates, and that's on the few you do occasionally pay.  Most of your credit report reads "Account closed by creditor due to deliquent payments."

****MAJOR BOUNCY ALERT****

Skittles

32. this is such utter ******* bullshit

I've shopped many times at thrift stores to pick up wonderful children's clothes for soldiers to give to impoverished Iraqi and Afghan kids - the idea they'd penalize me for this makes me ill. Good thing I've always used a debit card. *GRRRRRRRRRRRRRRRR*

Yeah.  Riiiiiiight. 

.

[franksolich]

Aha.  The lying lorien primitive, the one who makes up things:

Lorien  (1000+ posts)      Wed Jul-15-09 11:16 PM
Response to Reply #74

89. Care to back that up with a link, because having a six figure income-but never a credit card- sure gave me a perfectly lovely credit score back in the Clinton years. I bought both a house and car with no cosigner and nothing more than a history of a good income and prompt bill payments (hint: banks always check your payment history with your utility provider).

The lying lorien primitive, of the female persuasion, middle-aged, in Florida, alleges to have a Ph.D. in something--and I've had no reason to doubt it, thus far--probably one of the "fine arts."

It was the lying lorien primitive who a couple of years ago alleged that in November 2000, in Florida, she personally watched squads of white policemen using billy-clubs to keep thousands of black voters from the polls.

Too bad she waited until 2006 to mention it.

Then another time, the lying lorien primitive told a tale of woe about a friend who worked in the cartooning and movie-animation business.  A friend, remember.  By chance I came across a long-dead bonfire of hers, and it was no friend the lying lorien primitive was describing, but the lying lorien primitive herself.

A fanatic vegetarian, the lying lorien primitive still has the distinction for posting the longest comment, ever, on Skins's island.  "Comment," not "original post."  It dealt with, naturally, vegetarianism.  It took one a full twenty minutes to scroll down to the next primitive comment past hers.  I suspect my fellow alum Skins doesn't have a character-limit on Skins's island, or if he does, it's like 2,000,000 characters.