DUmmy TwixVoy Discusses Credit

[GOBUCKS]

DUmmy TwixVoy, fresh off being fired from his trainee position with the cable company, has no patience with people who are getting fancy new cell phones:

TwixVoy  (1000+ posts)        Tue Jan-05-10 05:18 PM
Original message
T-mobile now offers "Equipment Financing"  
Something I just noticed T-mobile is now advertising on it's phone page.... "Equipment Financing". Now apparently if you can't afford your cell phone you can finance it.

Is there anything you CAN'T finance in this country anymore? We finance our education, medical bills, consumer goods purchases, cars, homes, appliances.... and now cell phones have their own special financing plans.

All with borrowed money from China....

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7400559
Of course, T-Mobile is just trying to make a buck by having their own credit cards, same as Target, before TwixVoy was fired there for insubordination.


DUmmy LeftyMom is showing a common trait at the DUmp - calling out their fellow DUmpmonkeys who scored Top 20 finishes in the recently concluded Top DUmmy competition. Jealousy is an ugly thing:

LeftyMom  (1000+ posts)        Tue Jan-05-10 05:22 PM
Response to Original message
1. Almost nobody in the US pays the full cost of their phone up front.  
Normally phones are subsidized by the carrier and the cost is built into your wireless plan over the two years or whatever of your contract.

But thank you, once again, for flipping out and prophesying economic doom just because you saw something you didn't bother to understand, misunderstood the situation completley, and then took it for an important economic indicator.  

 


DUmmy TwixVoy, who can no longer get credit, seems to have forgotten how common it is for normal people:

TwixVoy  (1000+ posts)        Tue Jan-05-10 05:24 PM
Response to Reply #1
4. What don't I understand?  
This is not business as usual. They are offering people the chance to finance the subsidized price that would normally have to be paid in full up front.

 

LeftyMom  (1000+ posts)        Tue Jan-05-10 05:34 PM
Response to Reply #4
11. T-Mobile makes more money when people buy cool phones.  
 1. They sell more expensive phones, and now they get a little interest money instead of fronting people the money in a subsidized phone price and hoping to get it back in a fulfilled contract. Subsidizing phones is especially risky for T-Mobile since they will, unlike other carriers, let you downgrade your phone plan without resetting your contract.

2. Those expensive new phones require web access, which is $35/line/month. This is not downgradable so it's free money for T-Mobile over the two year life of the contract.

3. They don't lose the cool phone people's business. This is a big issue because AT&T has the iphone, Verizon has the Droid and T-Mobile has ??? They need an incentive to keep people who buy for features around.

4. Most people were already financing their phones. Doing it through the carrier instead of through one's bank just gives another revenue stream to the carrier. Basically it's a store card situation.

TwixVoy  (1000+ posts)        Tue Jan-05-10 05:35 PM
Response to Reply #11
12. Are you on T-mobiles payroll?  
 No kidding this is great for T-mobile.... but from the perspective of your average citizen this does nothing but cause them to be more in debt to a bank.

LeftyMom  (1000+ posts)        Tue Jan-05-10 05:40 PM
Response to Reply #12
13. How did I know that was coming? No, of course I'm not.  
I'm not in any related business either.

 


For a guy who struck out as a Target clerk and as a trainee cable guy, DUmmy Twix knows nothing whatever about the American economy, but he seems to have a firm grasp on his own situation.

TwixVoy  (1000+ posts)        Tue Jan-05-10 05:45 PM
Response to Reply #13
14. Where did I say financial collapse?  
You and several other DUers have accused me of saying we would have a sudden financial collapse. Show me once where I have ever said that would you please?

I have ALWAYS said I thought we were looking at a slow multi-year down turn in which much of the middle class would fall to the lower class.

Dummy Twix needs to get used to being scorned. His Top 20 recognition is going to be a heavy cross to bear.

[NHSparky]

Well, first off, Twix, T-Mobile sucks dog balls.  Second, it's because people like you who have no incomes, no credit, and no hope seem to want the rest of us to provide said material comforts FOR you that companies are finding it necessary to make everyone pay their fair share--hey, isn't socialism wonderful?  Finally, anybody who has been with the cable company or any utility for more than 1/2 a second knows that you don't make money on the phone, you make it on the airtime, you douchenozzle.

[thundley4]

I wonder if the candy bar primitive got that job at the airport.