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Posted by SpammersDie on March 1, 2007, 8:53 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.
Having failed in their duty to their shareholders by extending the credit in
the first place, the companies still have a duty to their shareholders to
transfer as much of the suffering as possible onto the deliquent debtor.
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