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Great PBS Show on Credit Card Ripoffs
wrote:
>
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I sent in for a copy. It really is interesting. PBS interviews
a "gentleman", who claims to be the brains behind a number of
changes in the industry, like lowering the minimum payment so
consumers will buy more and owe more interest.
It is one hour, I bought it to play at a meeting if it was good, and
it is good, but the PBS license requires a pretty hefty payment to
play it at a meeting. I'll bring up paying the license to the
board, and see if we want to pay it.
I checked a citi card offer for a new credit card, which came to my
office yesterday. It included something the PBS special discussed
as a real problem, it is called a "universal default clause".
Essentially, the credit card companies are now adding a clause to
each contract with says a default on any credit agreement with
anyone on the planet is a default on the issuer's credit card. So
if our clients miss one payment on anything, even their electric
bill, all the credit card companies can jack their interest rates to
the max, usually near 30%.
With compounding, at 25%, debt doubles every three years. This new
practice is outrageous. Somewhat like doubling the cost of every
item in a store, after a consumer takes the item home.
dennis
The post was migrated from Yahoo.
Thanks Ty. CF
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Wednesday, February 02, 2005 12:17 PM
Subject: Re: [cdcbaa] Great PBS Show on Credit Card Ripoffs
has a 2005 calendar been set and sent out yet?
thanks,
vicki temkin
Tyson Takeuchi wrote:
Hi everyone,
I saw a great PBS special called "Frontline: Secret History of the
Credit Card". It's a 60 minute special basically about how the
credit card establishment rips off consumers. It's available for
viewing right now on PBS.org.
Ty Takeuchi
Yahoo! Groups Links
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Thanks Ty. CF
----- Original Message -----
From:
vicki temkin
To: cdcbaa@yahoogroups.com
Sent: Wednesday, February 02, 2005 12:17
PM
Subject: Re: [cdcbaa] Great PBS Show on
Credit Card Ripoffs
has a 2005 calendar been set and sent out yet?
thanks,
vicki temkinTyson Takeuchi <
The post was migrated from Yahoo.
has a 2005 calendar been set and sent out yet?
thanks,
vicki temkin
Tyson Takeuchi wrote:
Hi everyone,
I saw a great PBS special called "Frontline: Secret History of the
Credit Card". It's a 60 minute special basically about how the
credit card establishment rips off consumers. It's available for
viewing right now on PBS.org.
Ty Takeuchi
Yahoo! Groups Links
To visit your group on the web, go to:
http://groups.yahoo.com/group/cdcbaa/
To unsubscribe from this group, send an email to:
cdcbaa-unsubscribe@yahoogroups.com
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
has a 2005 calendar been set and sent out yet?
thanks,
vicki temkinTyson Takeuchi <lurpnlaw160@hotmail.com> wrote:
Hi everyone,I saw a great PBS special called "Frontline: Secret History of the Credit Card". It's a 60 minute special basically about how the credit card establishment rips off consumers. It's available for viewing right now on PBS.org. Ty Takeuchi
The post was migrated from Yahoo.
Hi everyone,
I saw a great PBS special called "Frontline: Secret History of the
Credit Card". It's a 60 minute special basically about how the
credit card establishment rips off consumers. It's available for
viewing right now on PBS.org.
Ty Takeuchi
The post was migrated from Yahoo.