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mia (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:12 AM Original message |
The next credit crunch? |
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Vinca (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:16 AM Response to Original message |
1. You can't get money out of a rock. The credit card companies |
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mia (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:25 AM Response to Reply #1 |
4. Then debtor's prisons may make a comeback - |
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Double T (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:31 AM Response to Reply #4 |
5. halliburton is busy preparing the multifunction internment camps........... |
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HereSince1628 (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 12:06 PM Response to Reply #5 |
9. And, I believe they've already approved the notion that detainees |
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mia (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 12:14 PM Response to Reply #9 |
10. Free labor. I wonder how long it will take before we become a |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 04:10 PM Response to Reply #9 |
36. Are you fucking shitting me? |
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backscatter712 (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 05:39 PM Response to Reply #36 |
45. We already have privately owned prisons, and prison-outsourced labor. |
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Occulus (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:51 PM Response to Reply #45 |
56. I've known people who have served time |
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Thothmes (1000+ posts) Send PM | Profile | Ignore | Tue Aug-28-07 07:25 AM Response to Reply #56 |
69. Constitutional Grounds |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 12:17 PM Response to Reply #1 |
11. The very first step that I'd like to see is a clampdown on term changing after the debt is incurred. |
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lligrd (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 02:47 PM Response to Reply #11 |
27. Exactly. There is No Excuse For Allowing Rates On An |
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Wapsie B (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 07:11 PM Response to Reply #27 |
51. That and bring back deductibility of personal interest. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 03:52 PM Response to Reply #11 |
32. they can't change the rate on existing debt without giving you an opt-out |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 04:51 PM Response to Reply #32 |
39. The problem is that you need to be able to afford the opt-out. |
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deadmessengers (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 05:40 PM Response to Reply #39 |
46. That's not how it works, actually |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 05:58 PM Response to Reply #46 |
48. Again, you need to be in the position to tell them to go Cheney themselves. |
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wordpix (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 01:36 PM Response to Reply #1 |
19. here, here! They charge 20% interest or so & no banks do that, at least not yet |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 04:08 PM Response to Reply #1 |
35. There should be gov't assistance for those who can't make payments.. |
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BlueCollar (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:18 AM Response to Original message |
2. watch the late-fee and interest penalties skyrocket |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:22 AM Response to Original message |
3. Like I've been saying for ages |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 12:20 PM Response to Reply #3 |
12. If everyone who can remove themselves from credit card debt did so, the cc companies would react |
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Autumn Colors (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:31 AM Response to Original message |
6. Calling and asking never hurts |
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mia (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:40 AM Response to Reply #6 |
7. Thanks for the tip. |
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Autumn Colors (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:58 AM Response to Reply #7 |
8. I forgot to mention one thing |
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unblock (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 03:59 PM Response to Reply #8 |
33. yeah, that balance xfer "fee" can be a real killer! |
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wordpix (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 01:42 PM Response to Reply #6 |
20. also, you can call about waiving a late fee if you've been up-to-date & something unusual comes up |
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unblock (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 04:05 PM Response to Reply #20 |
34. generally you get one waive every 12 months. no questions asked. |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 12:35 PM Response to Original message |
13. The our economy is great charade is about to be debunked. |
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cliss (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 01:02 PM Response to Original message |
14. Living beneath your means. |
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Debi (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 01:11 PM Response to Reply #14 |
16. That can be done at home as well |
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Retrograde (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 01:50 PM Response to Reply #14 |
22. I heartily agree |
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renate (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 03:14 PM Response to Reply #14 |
28. I agree that living beneath your means is great if it's possible |
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LisaLynne (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 05:17 PM Response to Reply #28 |
42. I agree -- it's easy to tell people to live below or at their means |
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NYC (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 01:07 PM Response to Original message |
15. Spending well above income was never a good idea. |
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mia (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 01:30 PM Response to Reply #15 |
18. Our president said "I encourage you all to go shopping more". |
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NYC (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 02:30 PM Response to Reply #18 |
24. Bush is rich. He should go shopping more. |
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David__77 (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 02:08 PM Response to Reply #15 |
23. For me, living above my means made sense as a grad student. |
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NYC (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 02:31 PM Response to Reply #23 |
26. There are exceptions, |
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TheOtherMaven (44 posts) Send PM | Profile | Ignore | Sun Aug-26-07 01:23 PM Response to Original message |
17. Kick the Credit Card Habit |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 04:13 PM Response to Reply #17 |
37. That's bad advise... |
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bagimin (945 posts) Send PM | Profile | Ignore | Sun Aug-26-07 04:32 PM Response to Reply #37 |
38. I dissagree..... |
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TheOtherMaven (44 posts) Send PM | Profile | Ignore | Sun Aug-26-07 04:52 PM Response to Reply #37 |
40. "Credit" = Money you DON'T HAVE |
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deadmessengers (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 05:46 PM Response to Reply #40 |
47. So where will you live? |
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Occulus (1000+ posts) Send PM | Profile | Ignore | Mon Aug-27-07 12:23 AM Response to Reply #47 |
57. It should be illegal for landlords to check credit. |
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davsand (1000+ posts) Send PM | Profile | Ignore | Mon Aug-27-07 12:51 PM Response to Reply #57 |
61. Landlords gotta pay the mortgage too. |
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deadmessengers (1000+ posts) Send PM | Profile | Ignore | Mon Aug-27-07 06:28 PM Response to Reply #57 |
62. Obviously you've never been a landlord |
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Doremus (1000+ posts) Send PM | Profile | Ignore | Mon Aug-27-07 07:20 PM Response to Reply #62 |
64. Well, I've been a landlord for 15 years. |
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deadmessengers (1000+ posts) Send PM | Profile | Ignore | Mon Aug-27-07 07:31 PM Response to Reply #64 |
65. We're in agreement |
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TheOtherMaven (44 posts) Send PM | Profile | Ignore | Mon Aug-27-07 12:40 PM Response to Reply #47 |
60. Right Now I'm OK |
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Trajan (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 01:48 PM Response to Original message |
21. It is long past time to repeal the Bankruptcy Bill ..... |
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leaninglib (268 posts) Send PM | Profile | Ignore | Mon Aug-27-07 07:14 PM Response to Reply #21 |
63. I have a better idea... |
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Trajan (1000+ posts) Send PM | Profile | Ignore | Mon Aug-27-07 07:38 PM Response to Reply #63 |
66. I have an even better idea ..... |
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leaninglib (268 posts) Send PM | Profile | Ignore | Tue Aug-28-07 07:25 PM Response to Reply #66 |
70. Because so many of the people filing for bankruptcy do not "honor |
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Adsos Letter (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 02:31 PM Response to Original message |
25. All I can add is a hearty "Amen" to all of those who have |
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dickbearton (577 posts) Send PM | Profile | Ignore | Sun Aug-26-07 03:15 PM Response to Reply #25 |
29. Take your amen means BS to church... |
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Adsos Letter (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 07:16 PM Response to Reply #29 |
52. Pardon me...were you saying something...? |
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maseman (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 03:24 PM Response to Reply #25 |
31. Great conversation |
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deadmessengers (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 05:36 PM Response to Reply #31 |
44. I had the opposite happen, actually. |
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maseman (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 06:09 PM Response to Reply #44 |
49. Our real estate agent |
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susanna (1000+ posts) Send PM | Profile | Ignore | Mon Aug-27-07 09:07 PM Response to Reply #44 |
67. Us too. |
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whistle (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 03:19 PM Response to Original message |
30. Does anyone have any idea what the real inflation rate is? That is Bush's hidden tax |
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Skarbrowe (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 05:05 PM Response to Original message |
41. Bank of America has started charging a fee on checking accounts that... |
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NYC (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 05:21 PM Response to Reply #41 |
43. Thanks for that information. |
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Autumn Colors (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 07:35 PM Response to Reply #41 |
53. My question to BoA would be: |
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Skarbrowe (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 10:22 PM Response to Reply #53 |
54. NYC and Autumn Colors, my only thought, and it's a guess, is that |
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Autumn Colors (1000+ posts) Send PM | Profile | Ignore | Sun Aug-26-07 11:25 PM Response to Reply #54 |
55. I'll stay with my smaller New England regional bank |
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1932 (1000+ posts) Send PM | Profile | Ignore | Mon Aug-27-07 12:37 AM Response to Reply #41 |
58. She should switch to a credit union. |
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Skarbrowe (1000+ posts) Send PM | Profile | Ignore | Mon Aug-27-07 12:28 PM Response to Reply #58 |
59. She has a a great credit union. Actually took money out of that to |
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Summer93 (439 posts) Send PM | Profile | Ignore | Sun Aug-26-07 06:42 PM Response to Original message |
50. Kick and recommend - great info - Thanks |
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Zhade (1000+ posts) Send PM | Profile | Ignore | Mon Aug-27-07 09:42 PM Response to Original message |
68. "Live within our means" when wages haven't kept up with inflation since '68? |
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