• Credit cards (was: Re: Banks, money, PR, etc)

    From joe mackey@1:154/30 to Daryl Stout on Tue Nov 21 06:19:00 2017
    Daryl --

    The debit card is probably a wiser choice at this point though....

    I think so, too.

    I agree. It only works if you have that money in the account.
    I like having a debit card since its so much more user friendly than a cheque: no ID, having it signed off on, etc. If lost/stolen that user needs a PIN, etc. Also one can call the bank and put a stop on it starting at the time
    it was discovered missing.
    I'll get cash back from the store and use that for small purchases during the
    week. Usually I get back no more than $10. Many times I still have that $10 the following week.
    When I started on the net in the '80s I was on GEnie, which was sort of a CompuServe knock off.
    A rebellion against the mad spending on Black Friday was gaining steam called
    "Buy nothing Friday", or the like. One writer replied he has many buy nothing days and I totally agreed with him.

    Having readily accessible credit can be a trap, especially if one is on
    a limited fixed income... it's way too easy to "put it on the card" and
    then not be able to pay the bill when it comes...

    Too many people fall into that easy credit trap, esp. when credit cards are sent to them in the mail, unasked for. "Hey, free money!"
    And instead of paying on the balance only the interest is paid on, which is great for the CC companies, esp. those with high interest rates, which most of them are. But people don't often read the fine print.
    Joe


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  • From Daryl Stout@1:19/33 to JOE MACKEY on Fri Nov 24 15:08:00 2017
    Joe,

    I agree. It only works if you have that money in the account.

    I remember the joke where the lady swore that "she couldn't be overdrawn...because she still had checks". I think she was blonde. <G>

    I like having a debit card since its so much more user friendly than a
    cheque: no ID, having it signed off on, etc. If lost/stolen that user needs JM>PIN, etc. Also one can call the bank and put a stop on it starting at the t JM>it was discovered missing.

    My bank calls me for any suspicious transaction, and asks for me to
    approve or deny it. That speaks volumes when they care about the
    customer, and not just having their money in their coffers.

    I'll get cash back from the store and use that for small purchases during
    week. Usually I get back no more than $10. Many times I still have that $1 JM>the following week.

    The only time I use the card anymore is for over the phone medical
    bill payments, or if I buy a needed item for ham radio. Two of my
    monthly bills are withdrawn via electronic funds transfer.

    When I started on the net in the '80s I was on GEnie, which was sort of a
    CompuServe knock off.

    I never was on Genie, but I used CompuServe quite a bit. I saw an
    article the other day, that all of their "forums" were being shut
    down...and I think for that matter, CompuServe is now history. But, for
    many people, at one time, that was "their internet".

    A rebellion against the mad spending on Black Friday was gaining steam cal
    "Buy nothing Friday", or the like. One writer replied he has many buy nothi JM>days and I totally agreed with him.

    I had to buy a new microwave oven today, to replace the one that
    shorted out on me yesterday, and almost caught fire. Thankfully, I had
    prepared a casserole conglomeration beforehand of macaroni and cheese,
    wild rice, and English Peas. The oven was starting the second cycle to
    cook a Marie Callendar TV dinner, when it was making a loud noise, and I smelled something electrical burning. I immediately unplugged the
    oven...it likely would've caught fire otherwise. I had to throw out the
    TV dinner (since it didn't get fully cooked), but I had that casserole
    to fill my belly.

    Too many people fall into that easy credit trap, esp. when credit cards ar
    sent to them in the mail, unasked for. "Hey, free money!"
    And instead of paying on the balance only the interest is paid on, which i
    great for the CC companies, esp. those with high interest rates, which most JM>them are. But people don't often read the fine print.

    Years ago, these credit card companies would send representatives to
    college campuses...and they'd swoop down on the unsuspecting
    students...just like salespeople do at car showroom lots...as the
    vultures do to carrion. I heard that several campuses finally
    implemented a policy to BAN these people from being on campus.

    The students would run up this horriffic debt, and never be able to
    pay it. They'd get student loans, etc. -- and they always had to have
    "the latest and greatest items" in their dorm rooms.

    When I went to college from 1978 to 1983, at the time, the University
    Of Arkansas At Little Rock was "a commuter campus"...no dorms at all.
    But, there are dorms all over it today...although it's way smaller than
    the main U Of A Campus in Fayetteville.

    For me, I lived at home, but worked at Burger King while I was in
    school, so I didn't have to worry about room and board, and I basically
    paid my way through college. The last year I was there before graduating
    with a Bachelor Of Arts in Radio and Television, I paid $400 a semester tuition, $100 a semester for books, and a $20 per year parking fee. So,
    that worked out to just over $1000 a year.

    The UALR Alumni Association has a fall campus picnic in early
    September, and while they originally had hamburgers and all the
    trimmings, the last 2 years, the cuisine has been BBQ. Anyway, I was
    conversing with these young ladies, who were at least 35 years younger

    (Continued to next message)
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  • From Daryl Stout@1:19/33 to JOE MACKEY on Fri Nov 24 15:08:00 2017
    (Continued from previous message)

    than I was...and when I told them what I had paid, they said "I wish it
    was that way for us". Curious, I asked them, and their reply was "close
    to $10,000 a semester"!! I felt like Fred Sanford..."It's The Big One,
    Mabel!!" -- and asked why it was so expensive. The one word reply of
    "Dorms", elicited my response of "That'll do it!!".

    Every year when I do my rent recertification (I have to make all those
    phone calls on Monday <UGH!>), they ask me if I'm a student. I tell them
    that "the only exams I'm involved with now, are ham radio license exams,
    which I'm accredited to administer...and medical exams at the doctors
    office or hospital"...adding "I'm NOT going back to school"!!

    Daryl

    ===
    * OLX 1.53 * My dyslexic friend said I should act my age, not my Q.I.
    --- SBBSecho 3.03-Win32
    * Origin: FIDONet: The Thunderbolt BBS - wx1der.dyndns.org (1:19/33)