When we first applied for a credit card, we were rejected. So I wrote one of my very bitter letters to the credit card provider (when I get mad I write very bitter letters telling them how stupid they are but not in those words, case in point the IL IRS letters) asking if we had NO debt & had investments how come we were bad credit card risks; they then gave us a credit card (which I canceled a couple of years later when they tried to impose a fee).
Since then we get numerous invitations to get more credit cards.
For the second time in 2 years someone has stolen my credit card number & we had to cancel the cards & will get new ones in the mail some time soon (hint check your credit card charges daily, it is easy to do on line). Of course, these are the cards we use for various periodic bills. The last time it was canceled just as our YMCA payment was due.
Now P.O. has proposed regulating credit card companies (after all look how well that has worked with Fannie Mae & Freddie Mac). Once again the responsive credit card users will be penalized for the incompetent users!
“You want 21 percent risk free? Pay off your credit cards.” Andrew Tobias “
Money isn't everything - there's credit cards, money orders, and travelers' checks”
“Money is just the poor man's credit card.” Marshall McLuhan
“Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.” Earl Wilson
- CREDITOR, (n) One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions. (DD)