B of A can spare a dime. Several thousand dimes, in fact.
A lot of people, including some that I know, are going through a lot of hard times right now.
Sure, I'm living paycheck to paycheck and have a small loan (from the very best kind of creditors, thanks Mom & Dad!), but I'm not, fortunately, in a position to be hurt directly by the whole housing/economic meltdown business. Or, no more so than anyone else anyway.
I suppose the greater ramifications remain to be seen, but living outside the United States (I'm looking at you, socialized medicine) and working in the solar industry, I dare say I'm as safe as anyone.
I do happen to be carrying a small balance on my credit card for the first time in a very long time. And within two weeks of making that first minimum payment instead of paying off the full amount due, I was informed that my credit limit had been raised to what, after many seconds of arduous mental arithmetic, I can confidently state is at least 15 times any amount I have ever charged to any credit card, ever.
Is it just me, or does that seem like a particularly evil practice, in light of current events?
3 comments:
very evil
tonight in the mail i had a live check for $1000.00 dollars all I had to do was deposit it and presto! (it went straight to the shredder)
and citi wants to give a low low APR on any new purchases
credit crisis my ass
Yes, it's as evil as it gets.
If you pay your credit cards in full when you're billed, nobody makes a killing.
But if you falter, they hammer you with long lines of credit and fast cash at exorbitant rates.
There used to be laws.
It's not just you.
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