Complaintsboard.com has an editorial posted up that they believe does not tell the whole story. Sure, explaining in detail the rise & fall of charge offs is at best daunting. What strikes us as odd, is complaints board editorial seems to be four sided. The author, who by the way forgot to post their name, did in the last sentence ask that consumers not be surprised at the long term effect of consumer card defaults. But for the most part seemed to favor big business, take for example this excerpt “Considering you’re the ones in charge of the company, you know the company’s success depends on your decisions. So you realize that if your customers aren’t paying back their loans, it’s because they can’t afford to. You also come to understand that because they don’t have money to spend, they are coming to depend on their credit cards to pay for their everyday costs even when they know they won’t be able to pay the bill one times it comes.” Over the last year, credit card companies have been raising the interest rates on consumers across the board. they've received e-mails from consumers who claim to have credit scores in the low 700’s as well as a moderate debt to income ratio, yet their interest rates went from %12 to %22.
Rates were beginning to rise before the official start of the recession
Major credit issuers employ analyst that are able to forecast fiscal trends, & warn of possible declines in economic stability. Rates were beginning to rise before the official start of the recession. This creates a money cushion for the advancing lean times. The problem was the analysts could not see exactly how bad the recession was going to be. No four forced these credit card companies to over extend themselves. People were getting lines of credit on cards that were way to high. If you applied for a credit card, did you have a choice on how much the limit was?
they periodically read other consumer complaint sites to see what active trends in business/consumer relations lie. & every so often there is an articles that will not fit the demographics of a site. On Monday June 15th 2009 major credit card companies announced a rise in consumer card defaults, & some consumer sites have picked up on this information. The rise across the board is roughly 1 percent. Although that seems small in contrast, to big business that means serious a serious decline in dividends paid out to share holders.
No, the issuer decided this. If you lost your job, & saw no other way to feed your relatives but use this card would you then use it? Yes you would. A few years back someone & everyone was able to get multiple credit cards, with ext
Basically this website is the most one sided and slanderous vehicle on the internet. A person who is spine less and has (vaginosis) can't even list there real name or at least company name or website. This site causes problems for all legitimate companies. Thats the reason for this site to defend hard working business owners. Keep this in mind, when a business owner falls not only does it hurt him or her and the people around them personally, it affects jobs for other people service workers who service the business. Business closing down only hurts our economy. I love the free speech we have in this country but I hate people who want to exercise it behind the curtain of complainst board.
COMPLAINTS BOARD YOU SUCK MY SALTY BALL SACK.
FUCK OFF!!!! NAZI FAGOTS
Saturday, August 22, 2009
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