tag:blogger.com,1999:blog-119906447472922361.post948543598170481922..comments2023-12-21T22:03:18.964-08:00Comments on Sound and fury, signifying nothing: American Debtor's Revolution!Dade Cariagahttp://www.blogger.com/profile/13431049944346345893noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-119906447472922361.post-16181068167939694092011-06-07T08:19:01.075-07:002011-06-07T08:19:01.075-07:00On my blog, I've been trying to have discussio...On my blog, I've been trying to have discussions on the overdraft charges made to folks. Cost pennies for the banks and they charge the rest of us $34 each. They have clever little ways of insuring that most people will screw it up and thus get charged. Along with the rate increase, I'd say the banks are doing a great job of robbing millions of their customers to help pay for their bad and criminal behavior.<br><br>It is a horrifically corrupt system we are dealing with. We now have two methods the banks are robbing the people. How many other ways are they doing so? Their have to be more. How can we purchase ourselves a congress person or president. Mr. Prez isn't gonna do anything unless we the people force him to, which means we'd have to get between the money and the system which could also be dangerous, but what the hell...WE'RE BEING ROBBED!Eugenehttp://www.blogger.com/profile/14422661489753353784noreply@blogger.comtag:blogger.com,1999:blog-119906447472922361.post-86211674123214684742009-09-29T13:19:55.986-07:002009-09-29T13:19:55.986-07:00I think she should be "person of the month&qu...I think she should be "person of the month" I wish the revolution statement could be more specific - like "Don't pay on credit card over 9 % API"LaDIOMhttps://www.blogger.com/profile/06261402589297632470noreply@blogger.comtag:blogger.com,1999:blog-119906447472922361.post-47528603300133483432009-09-16T07:34:54.872-07:002009-09-16T07:34:54.872-07:00On my blog, I've been trying to have discussio...On my blog, I've been trying to have discussions on the overdraft charges made to folks. Cost pennies for the banks and they charge the rest of us $34 each. They have clever little ways of insuring that most people will screw it up and thus get charged. Along with the rate increase, I'd say the banks are doing a great job of robbing millions of their customers to help pay for their bad and criminal behavior.<br /><br />It is a horrifically corrupt system we are dealing with. We now have two methods the banks are robbing the people. How many other ways are they doing so? Their have to be more. How can we purchase ourselves a congress person or president. Mr. Prez isn't gonna do anything unless we the people force him to, which means we'd have to get between the money and the system which could also be dangerous, but what the hell...WE'RE BEING ROBBED!Eugenehttps://www.blogger.com/profile/14422661489753353784noreply@blogger.comtag:blogger.com,1999:blog-119906447472922361.post-28907142414882354642009-09-16T04:24:57.006-07:002009-09-16T04:24:57.006-07:00I can absolutely relate to sista Shusli's comm...I can absolutely relate to sista Shusli's comment.<br /><br />Just the other day I used my CitiBank card to pay for tires here in South Africa.<br /><br />I do not carry a balance and get my statements via email<br /><br />So when it came I paid the amount owing in full and that was that.<br /><br />At least that is what I thought.<br /><br />They tacked on a conversion rate and charges but added that the next month when I mistakenly believed I had no amount owing.<br /><br />So when I got an urgent message that my account was in default I was like what???<br /><br />Yep the raised my interest rate and called me late for 8 days because they added a finance charge one month later to a balance I had already paid.<br /><br />The amount on my record: $9.76<br /><br />This after being a CitiCard platinum holder for more than 17 years!<br /><br />They suck, they system sucks.<br /><br />We are told to get credit, revolve credit for good credit but not to pay it off ... cause then there is no record of paying and being 'responsible'.<br /><br />I am going to cancel my card. Would dispute the charges but do not want to pay for the call from here to the US.<br /><br />If you really want more horror stories about banks, their charges, and the chain around folks necks, let me tell you about the South African system sometime.<br /><br />Peace to you.<br />RidwanRidwanhttps://www.blogger.com/profile/16758153484699728802noreply@blogger.comtag:blogger.com,1999:blog-119906447472922361.post-51762241648067721672009-09-15T10:41:42.913-07:002009-09-15T10:41:42.913-07:00I think she is my new hero of the week!
It's ...I think she is my new hero of the week!<br /><br />It's odd how the banks won't renegotiate on their unilateral decision to raise a person's interest rates. Then, after six months of nonpayment, the bank is willing to accept a 50% payoff.<br /><br />My experience was that I had a credit card with Wells Fargo. I bought a car and Wells Fargo financed the car. I also had my checking and savings with Wells Fargo. (Does anyone see the mistake here?)<br /> <br />A month or so after buying the car, I got a letter from Wells Fargo informing me of an interest rate hike on my card. I called and asked why; it was because my debt ratio (courtesy of the Wells Fargo car loan) was too high. Yes, that is right. My choices were to close the credit card account and pay it at the previous rate, apply for a loan at a higher rate than the original card interest rate, but lower than the new card interest rate, or continue the credit card account with the new exorbitant interest rate. I chose to close the account. <br /><br />A year later, after a bout of unemployment, some poor decision-making, and three relocations, I found myself behind on all my debts. The very day I had decided to work with Wells Fargo to get caught up was the day they had "offset" my car payment against my checking account. Since there were outstanding items, it overdrew the account when they hit the bank.<br /><br />I consulted a debt settlement company (RIP-OFF!), and eventually filed bankruptcy. Suck it, Wells Fargo!!!<br /><br />Yup, my credit is ruined for life. But it least my credit isn't ruining my life.Mari Goldhttps://www.blogger.com/profile/10245944863761903118noreply@blogger.com