Comments for Credit Card Addict

Comment on Can Merchants Require an ID for Credit Card Transactions? by Al

Al — Sun, 07 Mar 2010 21:51:18 +0000

and also RobertV is very clear that you have never worked at a retail shop if you think only 1% of population lie cheat and steal is more something around 40%. You must understand that retail business ask your id for the business but also your safety. A person can easily steal your card information through gas station pumps, bank doors that required a card to go in or simply the internet and use your card for a month straight untill you notice. And then you know what is the business right to not take blame for that since the customert refused to show his id saying that was against the law. Think about the whole picture just because it never happen to you doenst mean it never will.

Comment on Can Merchants Require an ID for Credit Card Transactions? by Al

Al — Sun, 07 Mar 2010 21:39:35 +0000

due to rules of this matter that many small business don’t take credit card. I’m a manager at a small retail business and we required id for EVERY credit card transaction due to the fact that if we receive any transaction that was denied by any credit card company we get charged a fee of $35 dollars. So if we make a sale on a credit card of $10 and is not honored other than the 2% we get charged for every credit transaction we also get charged $35 dollars even if later the credit card company still decides to pay for the $10 dollars. We also apply a 75cents charge to either credit or debit transactions since we are charged 2% on every credit card transaction and about 67cents on every debity transaction. I’m not against the customer rights but the law for the business rights are completly misleading and not helpful to the business. You must all remember that in the moment that a business has a low or no profit the ower simply decides to close the business causing not only the customers but also the employees to suffer. Also having in mind that these details that I shared here are from a small business being much different from big companies such as Vons, Target, etc.

Comment on Chase Increases Credit Card Rates and Adds New Fees by Ben S

Ben S — Thu, 04 Mar 2010 14:51:28 +0000

Shannon, I sent mine to Cardmember Services in Wilmington DE, but my responce came back from

Melissa Hagler
Card Services Executive Office
2500 Westfield Dr.
Elgin, Illinois 60124

1-847-488 6736 (direct line).

Hope this helps. Read through these posts. Lots of good ideas.

Comment on Chase Increases Credit Card Rates and Adds New Fees by Shannon

Shannon — Wed, 03 Mar 2010 16:05:04 +0000

I’m trying to send a certified letter to Chase re: possible debt settlement. Does anyone have a valid mailing address?? I called (I know, I know … DON’T CALL), and of course got the runaround.

Thanks ahead of time!

Shannon

Comment on Warren Buffett’s Credit Score by mandy

mandy — Sun, 28 Feb 2010 06:00:24 +0000

This is a stupid thing to even be writing about, but he doesn’t need credit. So, why would he really have a super high credit score? Why pay interest when you don’t have to? Who cares about his credit score? Credit only stresses people out and makes them live outside their means. You do not need credit to make a happy comfortable life in this world. You are probably more secure without it. So, why does everyone expect the entire world has massive debt.

This is what cause the whole economy to go down the tubes. This line of thinking about credit. Why don’t you try saving your money for what you want? It is really simple. Just don’t buy all dumb things you think you need but don’t. Then you too can live a who the F*** cares what my credit score is life.

I find it amusing how people judge others by their credit score. Seriously I have no clue what my score is and don’t really care. I pay my bills on time. I have a cell phone. I have everything I want. I pay cash for my cars. I splurge here and there on a nice dinner.
But, I never use credit cards. I don’t need them.

You see here is where the problem lies. The credit propaganda has made people believe they need credit. Right now you can buy a house even with out credit save your money for a few years and see what you have. Imagine living a debt free life. Where you don’t need credit.

You see this is what the credit card distributors want is people to think they need credit. That mentality is what makes them millions every month. So, maybe instead following along blindly with the pack you should reevalute your line of thinking where this matter is concerned.

Comment on Warren Buffett’s Credit Score by Max A Million

Max A Million — Sun, 28 Feb 2010 03:17:34 +0000

His score is low because ALL credit scoring systems have no way to evaluate an individual’s WEALTH or INCOME. Mr. Buffet’s income from wages is relatively small…maybe $100K a year or so. The credit score is based on factors that Mr. B has no interest in fixing: having a home loan, having revolving credit that isn’t being rolled from month to month, or having a car note. He probably has an Amex Centurion card (due in full each month) and maybe a GEICO credit card (ha!) and that’s it. So no 800 score for the Boss.

Comment on Warren Buffett’s Credit Score by Greg

Greg — Sun, 28 Feb 2010 02:39:48 +0000

A FICO “credit score” is really a way to show how much debt you have. A true way to show someone’s net worth is to use a debt-to-equity ratio. I am surprised that Warren Buffet’s FICO credit score is so high. I have absolutly no debt (my house is even paid off) and I do not have a FICO score. This is the reason our financial institutions are in so much trouble. They don’t even know how to handle money.

Comment on Warren Buffett’s Credit Score by Bryan

Bryan — Sun, 28 Feb 2010 02:29:37 +0000

I guess thats why we gave out bad loans. Credit bureau isnt accurate!!!!!!

Comment on Warren Buffett’s Credit Score by Bryan

Bryan — Sun, 28 Feb 2010 02:19:46 +0000

This shows you how inacurate the credit bureau is!!!!

Comment on Warren Buffett’s Credit Score by christine

christine — Sun, 28 Feb 2010 01:48:33 +0000

I’d trade WB his money for my considerably better credit score anytime! LOL!