OT - Bank of America Credit

Posted by Steve Scott on March 1, 2007, 1:17 pm

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Should you and other CC holders be penalized when CC companies
actively solicit those with poor credit? That is what happens all to
often.

FWIW, I don't think you or other cardholders should be made to pay the
burden, but neither do I think companies should be rewarded for
soliciting business form those most likely to NOT be able to pay their
debts.

On Thu, 01 Mar 2007 07:56:15 -0600, Andrew DeFaria

>> I once fell for an offer of "free" credit, not realizing that my

>> monthly payments first went to the loan, and only thereafter to any

>> previously outstanding balance. I was able to quickly correct the

>> situation with minimal consequences, but others that may have been as

>> stupid as I admittedly was may not have the resources.

>Not my problem! It is not my problem that others are stupid or lacking

>resources (and what do you mean by resources anyway?). IOW I should not

>be penalized in such cases.

--
Brain: The apparatus with which we
think that we think.

Posted by Andrew DeFaria on March 1, 2007, 3:34 pm

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Steve Scott wrote:

> Should you and other CC holders be penalized when CC companies

> actively solicit those with poor credit? That is what happens all to

> often.

When two parties enter into an agreement by means of a contract (as is
the case here) those parties and no other parties should be responsible
- don't you agree?

> FWIW, I don't think you or other cardholders should be made to pay the

> burden, but neither do I think companies should be rewarded for

> soliciting business form those most likely to NOT be able to pay their

> debts.

Not being "likely to be able to pay their debts" is no excuse! People
need to be responsible for their own actions! And we need to stop making
excuses for people who refused to own up to their own obligations.
Unless it can be shown that a) the CC company violated a law, in which
case the CC company should bear the responsibility or b) the consumer
was mentally unfit (i.e. mentally challenged (AKA a retard)) the debt
should be honored and not thrust upon other innocent people.

IOW If you can't repay your debts then don't borrow money - ya idiot!
--
Andrew DeFaria <http://defaria.com>
Impotence: Nature's way of saying "No hard feelings."

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Steve Scott wrote:
<blockquote cite="midn06eu25gk6a19eok6g5c9rvm71nqctdld6@4ax.com"
type="cite">Should you and other CC holders be penalized when CC
companies actively solicit those with poor credit?  That is what
happens all to often. 
</blockquote>
When two parties enter into an agreement by means of a contract (as is
the case here) those parties and no other parties should be responsible
- don't you agree? 
<blockquote cite="midn06eu25gk6a19eok6g5c9rvm71nqctdld6@4ax.com"
type="cite">FWIW, I don't think you or other cardholders should be
made to pay the burden, but neither do I think companies should be
rewarded for soliciting business form those most likely to NOT be able
to pay their debts. 
</blockquote>
Not being "likely to be able to pay their debts" is no excuse! People
need to be responsible for their own actions! And we need to stop
making excuses for people who refused to own up to their own
obligations. Unless it can be shown that a) the CC company violated a
law, in which case the CC company should bear the responsibility or b)
the consumer was mentally unfit (i.e. mentally challenged (AKA a
retard)) the debt should be honored and not thrust upon other innocent
people. 
 
IOW If you can't repay your debts then don't borrow money - ya idiot! 
<div class="moz-signature">-- 
<a href="http://defaria.com">Andrew DeFaria</a> 
Impotence: Nature's way of saying "No hard
feelings."
</div>
</body>
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Posted by Steve Scott on March 1, 2007, 5:26 pm

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On Thu, 01 Mar 2007 14:34:36 -0600, Andrew DeFaria

>Steve Scott wrote:

>> Should you and other CC holders be penalized when CC companies

>> actively solicit those with poor credit? That is what happens all to

>> often.

>When two parties enter into an agreement by means of a contract (as is

>the case here) those parties and no other parties should be responsible

>- don't you agree?

As a matter of fact I do.

>> FWIW, I don't think you or other cardholders should be made to pay the

>> burden, but neither do I think companies should be rewarded for

>> soliciting business form those most likely to NOT be able to pay their

>> debts.

>Not being "likely to be able to pay their debts" is no excuse! People

>need to be responsible for their own actions! And we need to stop making

>excuses for people who refused to own up to their own obligations.

>Unless it can be shown that a) the CC company violated a law, in which

>case the CC company should bear the responsibility or b) the consumer

>was mentally unfit (i.e. mentally challenged (AKA a retard)) the debt

>should be honored and not thrust upon other innocent people.

Agreed. I'm pleased to see you agree with me that the companies, not
their cardholders, should suffer when they actively solicit
individuals whose past credit histories show them to be a poor risk
and those individuals default on the payments.

--
Brain: The apparatus with which we
think that we think.

Posted by Andrew DeFaria on March 1, 2007, 5:56 pm

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Steve Scott wrote:

>> Not being "likely to be able to pay their debts" is no excuse! People

>> need to be responsible for their own actions! And we need to stop

>> making excuses for people who refused to own up to their own

>> obligations. Unless it can be shown that a) the CC company violated a

>> law, in which case the CC company should bear the responsibility or

>> b) the consumer was mentally unfit (i.e. mentally challenged (AKA a

>> retard)) the debt should be honored and not thrust upon other

>> innocent people.

> Agreed. I'm pleased to see you agree with me that the companies, not

> their cardholders, should suffer when they actively solicit

> individuals whose past credit histories show them to be a poor risk

> and those individuals default on the payments.

Not necessarily so. If not a and not b then guess who gets the
responsibility? The stupid, non mentally challenged consumer, which I
suspect is the case 90% of the time.
--
Andrew DeFaria <http://defaria.com>
I'd rather be in Biscuit City with my banjo in my hands - Gordon Lightfoot

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Steve Scott wrote:
<blockquote cite="midpokeu2t9umjfh5mk85l4huet65blid53jo@4ax.com"
type="cite">
<blockquote type="cite">Not being "likely to be able to pay their
debts" is no excuse! People need to be responsible for their own
actions! And we need to stop making excuses for people who refused to
own up to their own obligations. Unless it can be shown that a) the CC
company violated a law, in which case the CC company should bear the
responsibility or b) the consumer was mentally unfit (i.e. mentally
challenged (AKA a retard)) the debt should be honored and not thrust
upon other innocent people. 
</blockquote>
Agreed. I'm pleased to see you agree with me that the companies,
not their cardholders, should suffer when they actively solicit
individuals whose past credit histories show them to be a poor risk and
those individuals default on the payments. 
</blockquote>
Not necessarily so. If not a and not b then guess who gets the
responsibility? The stupid, non mentally challenged consumer, which I
suspect is the case 90% of the time. 
<div class="moz-signature">-- 
<a href="http://defaria.com">Andrew DeFaria</a> 
I'd rather be in Biscuit City with my
banjo in my hands - Gordon Lightfoot
</div>
</body>
</html>

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Posted by Steve Scott on March 1, 2007, 9:24 pm

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On Thu, 01 Mar 2007 16:56:24 -0600, Andrew DeFaria

>Steve Scott wrote:

>>> Not being "likely to be able to pay their debts" is no excuse! People

>>> need to be responsible for their own actions! And we need to stop

>>> making excuses for people who refused to own up to their own

>>> obligations. Unless it can be shown that a) the CC company violated a

>>> law, in which case the CC company should bear the responsibility or

>>> b) the consumer was mentally unfit (i.e. mentally challenged (AKA a

>>> retard)) the debt should be honored and not thrust upon other

>>> innocent people.

>> Agreed. I'm pleased to see you agree with me that the companies, not

>> their cardholders, should suffer when they actively solicit

>> individuals whose past credit histories show them to be a poor risk

>> and those individuals default on the payments.

>Not necessarily so. If not a and not b then guess who gets the

>responsibility? The stupid, non mentally challenged consumer, which I

>suspect is the case 90% of the time.

--
Brain: The apparatus with which we
think that we think.