FishingBanter - View Single Post

**Ken Fortenberry[_2_]** · April 15th, 2009, 06:14 PM posted to rec.outdoors.fishing.fly

wrote:
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...

wide-eyed, open-mouthed, silent shaking of the head Uh .... okay.

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.

Yeah, that's right. But I still think it's a sleazy, rotten, scumbag
way to do business. It's low-down, sneaky usury is what it is and if
the sleazeballs go belly up because of it, that's fine by me.

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.

No surprise there.

--
Ken Fortenberry