On Wed, 15 Apr 2009 10:23:02 -0500, Ken Fortenberry
wrote:

wrote:
Ken Fortenberry wrote:
Yeah, cry me a friggin' river. That's what the mother****ers get
for charging 30% interest on cards issued with 10% interest.

Um, no. That's what the mother****ers get for letting other mother****ers...or
in this case, CapitalOne****ers...have credit cards...

I don't know at what point the interest rate jumps, ...

Well, you're getting smarter. Or more intelligent. ;-) At least you
admit you don't know what you're talking about.

Er, wrong as usual. I admitted that I didn't know a specific fact, not that I
don't know what I'm talking about. And, um, in fact, to be picky about it, I
did know exactly what I was talking about and was 100% correct: I said (with
full knowledge that I didn't know a certain fact) that I didn't know that
certain fact, and therefore, was absolutely correct in saying it because I
didn't know that certain fact, thus making my statement an absolutely correct
and accurate statement of the facts as they pertain to the certain fact...

but it's generally due to
some form of default in payment terms by the consumer.

If the consumer makes a late payment on his power bill or his
water bill or another credit card the credit card company can
raise the interest rate even though the consumer has never made
a late payment to that credit card company. Yep, it's true,
right there in the fine print.

Then end of story as to anything "unfair" to the consumer - if it was disclosed,
it was disclosed, and this was a voluntary thing on the part of the consumer
(applying for, getting, and using the card). If the consumer didn't read the
"fine print," that's their fault.

If the consumer ran up
the charges to the point they couldn't pay the bill, that's on them, not the
issuer for raising the rate as per the agreement. OTOH, it's on Capital One,
etc., for having a business model that presumed any of this was sound
business...

Let these ****ers go under - the businesses and the consumers...

I have more sympathy for the consumer,

Why? They were just as greedy as the issuer - they ran up bills they couldn't
pay.

but YMMV.

It not only "may," it does.

HTH,
R