Crnr2Crnr Posted November 16, 2022 Share Posted November 16, 2022 not at our house but https://www.cnbc.com/2022/11/15/household-debt-soars-at-fastest-pace-in-15-years-as-credit-card-use-surges-fed-report-says.html Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 16, 2022 Share Posted November 16, 2022 Not here but those people pay for my rewards every month. cc interest is 27% and some store cards over 30%…..WTF? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 16, 2022 Platinum Contributing Member Share Posted November 16, 2022 3 minutes ago, Mainecat said: Not here but those people pay for my rewards every month. cc interest is 27% and some store cards over 30%…..WTF? It's a stupidity tax. 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 16, 2022 Share Posted November 16, 2022 4 minutes ago, steve from amherst said: It's a stupidity tax. Had a young girl in the office yesterday, makes only 40k a year, has 17k in credit card debt, half at 19%, and the rest at 25.9%. These fucking banks are criminal. No way she should have gotten that much credit, and no way she should have to pay that much interest. She'll never get out of debt with #s like that. 2 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 16, 2022 Platinum Contributing Member Share Posted November 16, 2022 1 minute ago, DriftBusta said: Had a young girl in the office yesterday, makes only 40k a year, has 17k in credit card debt, half at 19%, and the rest at 25.9%. These fucking banks are criminal. No way she should have gotten that much credit, and no way she should have to pay that much interest. She'll never get out of debt with #s like that. It was a test. She flunked. 2 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 16, 2022 Platinum Contributing Member Share Posted November 16, 2022 2 minutes ago, DriftBusta said: Had a young girl in the office yesterday, makes only 40k a year, has 17k in credit card debt, half at 19%, and the rest at 25.9%. These fucking banks are criminal. No way she should have gotten that much credit, and no way she should have to pay that much interest. She'll never get out of debt with #s like that. Let me guess, she has a bacholers degree. 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 16, 2022 Share Posted November 16, 2022 1 minute ago, steve from amherst said: Let me guess, she has a bacholers degree. I told her most of her problems would be solved if she had a better paying job. Doesn't even have a car, works from home, Ubers anywhere she needs to go. i don't get it. Quote Link to comment Share on other sites More sharing options...
Mag6240 Posted November 16, 2022 Share Posted November 16, 2022 Loan Forgiveness!! 1 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 16, 2022 Platinum Contributing Member Share Posted November 16, 2022 1 minute ago, DriftBusta said: I told her most of her problems would be solved if she had a better paying job. Doesn't even have a car, works from home, Ubers anywhere she needs to go. i don't get it. Prolly also pays grub hub to bring here a coffee Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 16, 2022 Share Posted November 16, 2022 Just now, steve from amherst said: Prolly also pays grub hub to bring here a coffee And to put the end of the sentence into it, she's 39 years old and single. 1 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member ViperGTS/Z1 Posted November 16, 2022 Platinum Contributing Member Share Posted November 16, 2022 7 minutes ago, DriftBusta said: Had a young girl in the office yesterday, makes only 40k a year, has 17k in credit card debt, half at 19%, and the rest at 25.9%. These fucking banks are criminal. No way she should have gotten that much credit, and no way she should have to pay that much interest. She'll never get out of debt with #s like that. That's a tuff nut to Crack even if she were making 3 times that much....she probably only pays the minimum also. Virtually all interest Quote Link to comment Share on other sites More sharing options...
snoughnut Posted November 16, 2022 Share Posted November 16, 2022 14 minutes ago, DriftBusta said: Had a young girl in the office yesterday, makes only 40k a year, has 17k in credit card debt, half at 19%, and the rest at 25.9%. These fucking banks are criminal. No way she should have gotten that much credit, and no way she should have to pay that much interest. She'll never get out of debt with #s like that. Individuals certainly need to do better at money management. The banking/lending industry needs to be brought to their knees, they make way too much money without hardly lifting a finger. You're 100% correct, they are criminal. My dad said this years ago......."the banking industry needs to get back in the business of helping people, not fucking them"..........2008 was the perfect example and then let's reward them and bail them out. It makes no sense at all. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 16, 2022 Share Posted November 16, 2022 14 minutes ago, steve from amherst said: Prolly also pays grub hub to bring here a coffee Prolly spends 14 bucks each for multiple chocolatinis a few nights a week. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted November 16, 2022 Share Posted November 16, 2022 29 minutes ago, steve from amherst said: It's a stupidity tax. Yes it is but when the banking industry gets stupid like they did leading up to 2008, they get rewarded instead of punished. It's as if the banking industry can never lose no matter what they do. Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted November 16, 2022 Gold Member Share Posted November 16, 2022 People are so dumb you can go to a credit union like mine and get a credit card with 11% not that’s a great rate but hell lot better than 25%. Clearly a lot of parents don’t know how to teach their kids about finances and money so teach the fucking kids in grade school about money and finance. It’s simple stuff that they should teach in school. They are supposed to get you ready for the real world well hello real world uses money and credit most of these kids don’t have a clue about money when they get into the real world then next thing you know waaawaaaa loan forgiveness. 2 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted November 16, 2022 Share Posted November 16, 2022 If you have alot of debt just move to Ukraine and become a Nazi. The world has lots of money for you. 1 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted November 16, 2022 Share Posted November 16, 2022 24 minutes ago, steve from amherst said: Let me guess, she has a bacholers degree. Now think about all those highly over educated bankers that weren't smart enough to see what would happen leading up to 2008. Some of the most dangerous people are those who are highly intelligent people who have no morals and that includes our govt. These stupid bubble economies need to stop. People wonder why banking is so regulated because if it weren't it would be a greedy vulture bloodbath. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 16, 2022 Share Posted November 16, 2022 19 minutes ago, snoughnut said: Individuals certainly need to do better at money management. The banking/lending industry needs to be brought to their knees, they make way too much money without hardly lifting a finger. You're 100% correct, they are criminal. My dad said this years ago......."the banking industry needs to get back in the business of helping people, not fucking them"..........2008 was the perfect example and then let's reward them and bail them out. It makes no sense at all. I don't know about out your way, but other than a few credit unions, there are no more local small town banks. They all got gobbled up and merged with the megabanks, to the detriment of the locals. M+T just took over a big bank here in CT, and the $$ has been flowing out of there by the millions by people who are sick of their bullshit. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted November 16, 2022 Share Posted November 16, 2022 7 minutes ago, 800renegaderider said: People are so dumb you can go to a credit union like mine and get a credit card with 11% not that’s a great rate but hell lot better than 25%. Clearly a lot of parents don’t know how to teach their kids about finances and money so teach the fucking kids in grade school about money and finance. It’s simple stuff that they should teach in school. They are supposed to get you ready for the real world well hello real world uses money and credit most of these kids don’t have a clue about money when they get into the real world then next thing you know waaawaaaa loan forgiveness. I agree with everything you just said but flip the coin. When these intelligent people in the banking industry fuck up like they did leading up to 2008 and they get rewarded with a bail out, it's criminal. "We can fuck you but we can't allow ourselves to be fucked". 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 16, 2022 Share Posted November 16, 2022 1 minute ago, snoughnut said: I agree with everything you just said but flip the coin. When these intelligent people in the banking industry fuck up like they did leading up to 2008 and they get rewarded with a bail out, it's criminal. "We can fuck you but we can't allow ourselves to be fucked". I am told that banks and the insurance companies have much stronger balance sheets and reserve requirements now, so we don't ever have a repeat of 2008. Just the same, lets just watch to see what happens with this FTX shit show. The D party has their fingerprints all over it. I smell another bailout. Quote Link to comment Share on other sites More sharing options...
Snake Posted November 16, 2022 Share Posted November 16, 2022 2 credit cards. 1 has a $1,000 limit, and is used for online purchases and the like, so if it is hacked the limit is low with small exposure. As a matter of fact, wife was on the phone this morning, some asshole in Nevada was trying to buy off it. Card is gonzo, new one on the way. Paid off every month. No CC debt. Other card has a $10k limit. Stays in the safe and gets used only when necessary, when I ordered 2 generators.... pay for a trip, etc. Paid off every month. No CC debt. 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 16, 2022 Platinum Contributing Member Share Posted November 16, 2022 19 minutes ago, snoughnut said: Yes it is but when the banking industry gets stupid like they did leading up to 2008, they get rewarded instead of punished. It's as if the banking industry can never lose no matter what they do. And that is a problem neither side wants to tackle. Quote Link to comment Share on other sites More sharing options...
Snake Posted November 16, 2022 Share Posted November 16, 2022 4 minutes ago, snoughnut said: I agree with everything you just said but flip the coin. When these intelligent people in the banking industry fuck up like they did leading up to 2008 and they get rewarded with a bail out, it's criminal. "We can fuck you but we can't allow ourselves to be fucked". This is the reason I did not vote for the republican in the election. But I'm a hack. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 16, 2022 Platinum Contributing Member Share Posted November 16, 2022 16 minutes ago, 800renegaderider said: People are so dumb you can go to a credit union like mine and get a credit card with 11% not that’s a great rate but hell lot better than 25%. Clearly a lot of parents don’t know how to teach their kids about finances and money so teach the fucking kids in grade school about money and finance. It’s simple stuff that they should teach in school. They are supposed to get you ready for the real world well hello real world uses money and credit most of these kids don’t have a clue about money when they get into the real world then next thing you know waaawaaaa loan forgiveness. I went to a voke hs. How to start your own buss was a required class. Personal financial managment wasnt even offered. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 16, 2022 Platinum Contributing Member Share Posted November 16, 2022 6 minutes ago, DriftBusta said: I don't know about out your way, but other than a few credit unions, there are no more local small town banks. They all got gobbled up and merged with the megabanks, to the detriment of the locals. M+T just took over a big bank here in CT, and the $$ has been flowing out of there by the millions by people who are sick of their bullshit. I still use a small local bank for all my banking Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.