Comments on: Once Again: Credit Cards at Fault? A Compelling Argument http://www.consumerismcommentary.com/2006/10/30/once-again-credit-cards-at-fault-a-compelling-argument/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Michelle-Consumers Union http://www.consumerismcommentary.com/2006/10/30/once-again-credit-cards-at-fault-a-compelling-argument/#comment-70798 Michelle-Consumers Union Tue, 21 Nov 2006 00:30:54 +0000 http://www.consumerismcommentary.com/2006/10/30/once-again-credit-cards-at-fault-a-compelling-argument/#comment-70798 Of course it's up to consumers to make sure they spend within their means, but credit card companies utilize traps that keep consumers in spiraling debt for many, many years. For instance, did you know that the terms can change on credit cards at any given moment? That’s just one of the credit card traps that can trip up consumers and lead to spiraling debt. Consumers Union, the nonprofit publisher of Consumer Reports, has put together a lighthearted animated holiday-themed satire about abusive credit card fees and practices. Check out “It’s Always Christmas Time (for VISA)â€Â? at www.creditcardreform.org. Be sure to take action after viewing the animation! Of course it’s up to consumers to make sure they spend within their means, but credit card companies utilize traps that keep consumers in spiraling debt for many, many years. For instance, did you know that the terms can change on credit cards at any given moment?
That’s just one of the credit card traps that can trip up consumers and lead to spiraling debt. Consumers Union, the nonprofit publisher of Consumer Reports, has put together a lighthearted animated holiday-themed satire about abusive credit card fees and practices. Check out “It’s Always Christmas Time (for VISA)� at http://www.creditcardreform.org. Be sure to take action after viewing the animation!

]]> By: Credit Cards Philippines http://www.consumerismcommentary.com/2006/10/30/once-again-credit-cards-at-fault-a-compelling-argument/#comment-67772 Credit Cards Philippines Fri, 03 Nov 2006 00:22:38 +0000 http://www.consumerismcommentary.com/2006/10/30/once-again-credit-cards-at-fault-a-compelling-argument/#comment-67772 I am also a victim of all these factors. I make a decent living, still single (engaged), young, with plenty of buying power. My credit card is always maxed out because I don't know how to manage my own money. I never learned how. :( I am also a victim of all these factors. I make a decent living, still single (engaged), young, with plenty of buying power. My credit card is always maxed out because I don’t know how to manage my own money. I never learned how. :(

]]> By: RSN http://www.consumerismcommentary.com/2006/10/30/once-again-credit-cards-at-fault-a-compelling-argument/#comment-67509 RSN Mon, 30 Oct 2006 21:53:50 +0000 http://www.consumerismcommentary.com/2006/10/30/once-again-credit-cards-at-fault-a-compelling-argument/#comment-67509 Credit cards are just a tool. That's seems a little like saying 'Those who use hammers are more likely to hit their thumb.' Sure there's risk, but to some degree it all depends on how proficient you are in using the tool. It seems to me you are pretty good at using the credit card tool and so are less likely to hit yourself with it. Credit cards are just a tool. That’s seems a little like saying ‘Those who use hammers are more likely to hit their thumb.’ Sure there’s risk, but to some degree it all depends on how proficient you are in using the tool.

It seems to me you are pretty good at using the credit card tool and so are less likely to hit yourself with it.

]]> By: Golbguru http://www.consumerismcommentary.com/2006/10/30/once-again-credit-cards-at-fault-a-compelling-argument/#comment-67500 Golbguru Mon, 30 Oct 2006 20:38:58 +0000 http://www.consumerismcommentary.com/2006/10/30/once-again-credit-cards-at-fault-a-compelling-argument/#comment-67500 I don't see what the fuss against credit cards is about. I think people find it easier to blame the inanimate card instead of themselves. As to you question, you are certainly not a "victim" of anything if you havent paid interest charges or late fees. And if people pay late charges it's time for some soul-searching rather than finger-pointing. Our habits add fuel to the fire. I don’t see what the fuss against credit cards is about. I think people find it easier to blame the inanimate card instead of themselves.

As to you question, you are certainly not a “victim” of anything if you havent paid interest charges or late fees. And if people pay late charges it’s time for some soul-searching rather than finger-pointing. Our habits add fuel to the fire.

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