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Old 06-15-2018, 02:37 PM   #21 (permalink)
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Why is it the company's fault if you're irresponsible with money?
The point is the companies shouldn't be able to entice young, naive, financially inexperienced, and stupid people, by waving a cash carrot in front of their noses.

There should be some regulations in regard to the CC pimping.
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Old 06-15-2018, 02:43 PM   #22 (permalink)
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Poorly disclosed terms?
Can you be more specific? What do you think needs to be better clarified or explained in their term agreements?

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The point is the companies shouldn't be able to entice young, naive, financially inexperienced, and stupid people, by waving a cash carrot in front of their noses.

There should be some regulations in regard to the CC pimping.
So how do you feel about sugary cereal on the low shelves and McDonalds commercials?
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Old 06-15-2018, 02:47 PM   #23 (permalink)
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Can you be more specific?
Where the cardholder doesn't understand the terms of their agreement. A couple of examples would be adjustable rates and mandatory spending terms. Then there's deceptive practice such as "innovative" APR calculations that leave out fees because they've outsourced those fees to a 3rd party (who the CC company pays on your behalf, of course).

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What do you think needs to be better clarified or explained in their term agreements?
Credit card companies aren't traditionally the most transparent businesses. They'll push an excited kid through a contract that they know they don't entirely understand. It's manipulative.
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Old 06-15-2018, 02:50 PM   #24 (permalink)
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So how do you feel about sugary cereal on the low shelves and McDonalds commercials?
Neither will someday impact my ability to buy a home.
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Old 06-15-2018, 02:53 PM   #25 (permalink)
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Where the cardholder doesn't understand the terms of their agreement. A couple of examples would be adjustable rates and mandatory spending terms. Then there's deceptive practice such as "innovative" APR calculations that leave out fees because they've outsourced those fees to a 3rd party (who the CC company pays on your behalf, of course).

Credit card companies aren't traditionally the most transparent businesses. They'll push an excited kid through a contract that they know they don't entirely understand. It's manipulative.
So you think if you sign up for something you don't understand, that you should be removed of responsibility?

Sounds a lot like the people who got fat from eating McDonalds because they didn't understand that consuming a big mac for every meal was bad for your health. Why do you feel that CCs deserve some sort of exceptional treatment?

Most marketing is manipulative, their motivation is to sell.

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Neither will someday impact my ability to buy a home.
I'd argue that health costs and the general terrible health of the American population is as big if not a bigger concern than owning your own home.
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Old 06-15-2018, 02:58 PM   #26 (permalink)
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So you think if you sign up for something you don't understand, that you should be removed of responsibility?
If I don't understand it on account of someone being intentionally deceptive or not making the whole contract transparent, then absolutely.
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Old 06-15-2018, 02:59 PM   #27 (permalink)
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Sounds a lot like the people who got fat from eating McDonalds because they didn't understand that consuming a big mac for every meal was bad for your health. Why do you feel that CCs deserve some sort of exceptional treatment?
I get what you're trying to do. I'm looking at a single issue at the moment. It's way too easy to muddy the waters. Question: Should CC banks be allowed to advertise on college campuses?

Leave Big Macs out of your response please.
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Old 06-15-2018, 03:00 PM   #28 (permalink)
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To be clear, I'm not sure I actually disagree, I just have trouble wrapping my head around why there should be an exception. My gut reaction is to revile any company that takes advantage of it's customers, but that'd be an emotional response and I ain't got time for that shit.

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I get what you're trying to do. I'm looking at a single issue at the moment. It's way too easy to muddy the waters. Question: Should CC banks be allowed to advertise on college campuses?

Leave Big Macs out of your response please.
I think it's perfectly reasonable because I like logical consistency and the two are mostly analogous.

Edit: Yes, to your question.

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If I don't understand it on account of someone being intentionally deceptive or not making the whole contract transparent, then absolutely.
I can appreciate this, I've never read the terms on my CCs to see if this kind of thing is happens. If it was actually clarified and transparent, do you think that the customer should than be wholly responsible?
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Last edited by DwnWthVwls; 06-15-2018 at 03:06 PM.
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Old 06-15-2018, 03:10 PM   #29 (permalink)
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I think it's perfectly reasonable because I like logical consistency and the two are mostly analogous.
Fair enough.

Are you equating logical consistency with every rule, every law, every crime, every sentence, every dictate, every mandate, everything?

Eating a Big Mac = ****ing over your financial future.
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Old 06-15-2018, 03:15 PM   #30 (permalink)
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It's a fine analogy. Eating a big mac feels and tastes good when you do it initially but has bad long term repercussions. Spending irresponsibly with a credit card is fun initially until you reach the long term repercussions. Neither will do you in if you do them very rarely, but if you're dong it consistently then you're writing your death sentence.
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