Credit Card Forum & Message Board
  1.  05:42 AM #1
    mike71857
    mike71857 is offline
    Green Member
    Join Date
    Sep 2008
    Location
    maryland
    Posts
    6

    Default Refuse to pay your credit card debt

    I think millions of Americans should refuse to pay their credit card debt with the deceptive interest rate hikes. Let the entire credit card industry collapse and get back to saving up cash to pay for things or do without like people did in the 1930s. This whole rotten, immoral consumer society deserves to die a sudden death. Get back to nature and living a more spiritual life. Live off the land or barter for goods and services with other people.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote
  2.  04:05 PM #2
    Floppster
    Floppster is offline
    Centurion Member
    Join Date
    Sep 2008
    Location
    US
    Posts
    197

    Default

    Quote Originally Posted by mike71857 View Post
    I think millions of Americans should refuse to pay their credit card debt with the deceptive interest rate hikes. Let the entire credit card industry collapse and get back to saving up cash to pay for things or do without like people did in the 1930s. This whole rotten, immoral consumer society deserves to die a sudden death. Get back to nature and living a more spiritual life. Live off the land or barter for goods and services with other people.
    Yeah I think that is a prefect idea. Everybody should go to a store and not pay his groceries. Nobody should work ..... and so on .....If people run themselves in debt I am not entirely certain if Credit Cards should be held liable for it. If you have to live above your means it is you fault and only yours.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote
  3.  12:36 PM #3
    alsteig
    alsteig is offline
    Platinum Member alsteig's Avatar
    Join Date
    May 2010
    Location
    San Diego, CA USA
    Posts
    76

    Default

    100 bucks says mike71857 has big screen tv leased Escalade and 90k in cc debt. I'm sorry Mike can't pay the bills maybe you need to get more spiritual.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote
  4.  04:45 PM #4
    Mogul of Pineapples
    Mogul of Pineapples is offline
    Centurion Member Mogul of Pineapples's Avatar
    Join Date
    Jun 2008
    Location
    Where the smog from the 101 freeway coats my home's windows...
    Posts
    741

    Default

    I do sympathize to a degree with those that were victims of unscrupulous practices- like Chase going back on their word last year and changing "X% for life of balance transfer." But I think the NY attorney general took care of that.

    For those that charge up in excess and then feel they don't have an obligation to pay it back is wrong. There is no plus without a minus. If one person flakes on paying their bill, that is taking away from others (lately we're seeing that in the form of higher interest rates for everyone because of so many defaults). It really bothers me when someone borrows money and feels they shouldn't have to pay it back- that is stealing. There may be exceptions like medical bills and other truly unforeseen catastrophic expenses, but usually it seems people get into credit card trouble because they were living above their means.
    “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
    -Warren Buffett

    Current Cards:
    American Express: Blue Cash, Simply Cash
    Bank of America: Visa Financial Rewards Platinum Plus
    Chase: Cash Plus Rewards Visa, Amazon Visa
    Citi: Dividend Platinum Select
    Discover: More

    Current Everyday Card:     American Express Blue Cash
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote
  5.  07:12 PM #5
    fffresh
    fffresh is offline
    Centurion Member fffresh's Avatar
    Join Date
    Apr 2008
    Location
    the edge of the world
    Posts
    436

    Default

    At minimum paying the principal would be the right thing to do. A borrower is obligated to pay back and arguing otherwise is lying to oneself. If interest is unaffordable then a payment plan or other means of payment should be arranged.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote
  6.  08:43 PM #6
    alsteig
    alsteig is offline
    Platinum Member alsteig's Avatar
    Join Date
    May 2010
    Location
    San Diego, CA USA
    Posts
    76

    Default

    Quote Originally Posted by fffresh View Post
    At minimum paying the principal would be the right thing to do. A borrower is obligated to pay back and arguing otherwise is lying to oneself. If interest is unaffordable then a payment plan or other means of payment should be arranged.
    At minimum paying the principal, interest and fees would be the right thing to do. Why do some people get a free pass? It seems to me that people are quick to enjoy the points convenience and status of their cards, and to complain when their bank, cc, or underwriter gives them a raw deal. Why shouldn't the borrower pay back every cent. We need to bring back debtors prison.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote
  7.  07:35 PM #7
    Floppster
    Floppster is offline
    Centurion Member
    Join Date
    Sep 2008
    Location
    US
    Posts
    197

    Default

    Quote Originally Posted by alsteig View Post
    At minimum paying the principal, interest and fees would be the right thing to do. Why do some people get a free pass? It seems to me that people are quick to enjoy the points convenience and status of their cards, and to complain when their bank, cc, or underwriter gives them a raw deal. Why shouldn't the borrower pay back every cent. We need to bring back debtors prison.
    Totally agree. I only disagree with the debtor prison since the prisons are already so full that more prisoners wouldn't do the tax payers any good but rather cost us all a lot. Make them do community work or something.
    Intellectuals solve problems. Geniuses prevent them.
    - Albert Einstein 1879-1955
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »