Comments on: Capital One | Tales From the Front http://credit-millionaire.com/qanda/capital-one-tales-from-the-front Tue, 06 Jan 2009 14:44:32 +0000 http://wordpress.org/?v=2.6.2 By: Cathy http://credit-millionaire.com/qanda/capital-one-tales-from-the-front#comment-779 Cathy Fri, 04 Jan 2008 21:29:27 +0000 http://credit-millionaire.com/qanda/credit-repair#comment-779 It's hard to feel any sympathy for the credit card companies who are "feeling the same pressure as the mortgage companies...." They have been enticing consumers for years with shady tactics - pretending to have the customers' best interest in mind. Then the shell game begins as the credit companies switch rates, terms, even names. They provide "disclosure" in hard-to-understand language written in very fine print. Consumer defaults on credit cards are as much the fault of the credit card companies as cigarette addiction can be (at least partially) blamed on the tobacco companies that lured the public in. True, the PERSON should know better, but we are all guilty of being snared by clever advertising on at least something. Americans: We're obese, we're in debt, and we're addicted to all sorts of unhealthy vices. So far, the government has been successful in getting more consumer-educating nutrition labels and warnings posted on cigarettes/alchohol. Now, how forcing the cc companies to TRULY disclose, in plain English, what they are REALLY offering and requiring financially literacy be a significant course in every high school?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('779','Cathy'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('779','Cathy','It\'s hard to feel any sympathy for the credit card companies who are \"feeling the same pressure as the mortgage companies....\" They have been enticing consumers for years with shady tactics - pretending to have the customers\' best interest in mind. Then the shell game begins as the credit companies switch rates, terms, even names. They provide \"disclosure\" in hard-to-understand language written in very fine print. \r\n\r\nConsumer defaults on credit cards are as much the fault of the credit card companies as cigarette addiction can be (at least partially) blamed on the tobacco companies that lured the public in. True, the PERSON should know better, but we are all guilty of being snared by clever advertising on at least something.\r\n\r\nAmericans: We\'re obese, we\'re in debt, and we\'re addicted to all sorts of unhealthy vices. So far, the government has been successful in getting more consumer-educating nutrition labels and warnings posted on cigarettes\/alchohol. Now, how forcing the cc companies to TRULY disclose, in plain English, what they are REALLY offering and requiring financially literacy be a significant course in every high school?'); return false;">Quote</a></div> It’s hard to feel any sympathy for the credit card companies who are “feeling the same pressure as the mortgage companies….” They have been enticing consumers for years with shady tactics - pretending to have the customers’ best interest in mind. Then the shell game begins as the credit companies switch rates, terms, even names. They provide “disclosure” in hard-to-understand language written in very fine print.

Consumer defaults on credit cards are as much the fault of the credit card companies as cigarette addiction can be (at least partially) blamed on the tobacco companies that lured the public in. True, the PERSON should know better, but we are all guilty of being snared by clever advertising on at least something.

Americans: We’re obese, we’re in debt, and we’re addicted to all sorts of unhealthy vices. So far, the government has been successful in getting more consumer-educating nutrition labels and warnings posted on cigarettes/alchohol. Now, how forcing the cc companies to TRULY disclose, in plain English, what they are REALLY offering and requiring financially literacy be a significant course in every high school?

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]]> By: Walt Davidson http://credit-millionaire.com/qanda/capital-one-tales-from-the-front#comment-730 Walt Davidson Thu, 27 Dec 2007 01:07:41 +0000 http://credit-millionaire.com/qanda/credit-repair#comment-730 What a difference the news media made in 2007. Their bad spin on the economy has delivered their projections. My meager $500. per month income has plummeted to a dismal $10,000. per month loss. A lifetime of earnings taken away by bad press. Lay the blame on working stiffs that try to get ahead as we will have to take it. When we are totally wiped out a new prosperity will suddenly appear so we can do it again. I, for one, am not through yet. Walt Davidson<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('730','Walt Davidson'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('730','Walt Davidson','What a difference the news media made in 2007. Their bad spin on the economy has delivered their projections. My meager $500. per month income has plummeted to a dismal $10,000. per month loss. A lifetime of earnings taken away by bad press. Lay the blame on working stiffs that try to get ahead as we will have to take it. When we are totally wiped out a new prosperity will suddenly appear so we can do it again. I, for one, am not through yet. Walt Davidson'); return false;">Quote</a></div> What a difference the news media made in 2007. Their bad spin on the economy has delivered their projections. My meager $500. per month income has plummeted to a dismal $10,000. per month loss. A lifetime of earnings taken away by bad press. Lay the blame on working stiffs that try to get ahead as we will have to take it. When we are totally wiped out a new prosperity will suddenly appear so we can do it again. I, for one, am not through yet. Walt Davidson
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