MoneyTalksNews asked:
Think you’ve got it bad with the fees your credit card charges you? Well try this: $247 up-front, for a $300 credit line… And that’s not the worst of it!
Anthony
#1 by janoleolsen on May 27, 2010 - 9:29 pm
Gail
Why not start a credit card bank? Charge 30% APR, get 10,000 clients with a balance of 5000 dollars each, and the bank makes 10,000 x 5000 x 30% = 15 million dollar annual profit! There will be expenses, but they won’t be 15 million… 1000 people investing 5000 each makes enough to start a bank. And if the bank makes a 10M profit, your 5000 dollars owns 0.1% of this. Typically a company with a 10M profit is worth 100M dollars, 0.1% of 100M is 100,000 dollars – a very good return on 5000
#2 by ItsBrittany07 on May 28, 2010 - 4:22 am
Reginald
use your credit cards big boy, Im feeling hot! =P
#3 by onlyadot on May 29, 2010 - 10:30 am
Johnny
god people are idiots….Im moving to fucking peru.
#4 by ph0eix on May 30, 2010 - 1:23 am
Katherine
dang look at the credit fees
#5 by dgdfhfghgfhgfgffjhj on May 30, 2010 - 9:12 am
Ellen
You don’t pay cash if you want to establish yourself as someone who can pay bills on time.
It sounds like a bad deal to you, because you didn’t just stiff some lender for $100,000 last year. If you had, this kind of credit card is what you get from a bank that doesn’t want to crash.
#6 by dgdfhfghgfhgfgffjhj on May 31, 2010 - 10:59 pm
Betty
This is a blunt video.
Not everyone qualifies for a secured credit card, and the issuer may list you as a secured user, which does crap for rebuilding credit.
These ridiculous cards are for people who have messed up more than you can imagine, and are lucky to have anything available at all.
Thanks to government regulations, the card issuers can’t charge interest rates which reflect the horrible gamble these customers represent, so they have to charge “fees” up front.
#7 by gredangeo on June 1, 2010 - 5:37 pm
Claude
Solution:
Bad credit > stop buying **** with money you don’t have.
#8 by fivestones2005 on June 3, 2010 - 11:14 am
Ann
so let me get this straight…you are leading people to a credit card that you secure with 300 and then they charge you an 8+ interest rate…that is some great reasoning…why don’t you just pay with cash…Get with the Dave Ramsey Program
#9 by Rico8458 on June 4, 2010 - 7:34 pm
Loretta
this is criminal
#10 by ultimatevie on June 6, 2010 - 3:43 am
Tyler
how is this related to the fat kid getting credit carded
#11 by jac7ck on June 8, 2010 - 2:45 pm
Teresa
May be you **** credit cards but at least in usa you can’t do anythis whithout credit card. You need to build your credit score if you want to buy home, car or take a loan in futuer. Everything is depends on how good is your credit score,
creditscards . blogspot . com
#12 by ImNickISkate on June 9, 2010 - 11:36 pm
Danielle
i was watching some kid getting nutted and this **** was on related videos FML
#13 by nalyd909 on June 12, 2010 - 10:47 pm
Amanda
how the hell did i go from ppl bustin there nuts on skateboards to this?
#14 by sevdegul11lol on June 15, 2010 - 8:54 pm
Martin
wow super
#15 by MacPr0xnxx0 on June 17, 2010 - 9:10 am
Gladys
this is Bullshit
#16 by deathcore4567 on June 19, 2010 - 11:09 pm
Raul
see atleast some else knows its the Jews
#17 by 407buddy on June 21, 2010 - 7:51 am
David
Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet bailouts were rigged and a fraud, market manipulation,
high freqency trading, flash orders, ***** short selling by:
Goldman, JPM, Cit, MorgStanley, AIG, scum and frauds.
The Fed, Comex, Govt Data: frauds. Your labor devalued to Zero,
Pull your money out, walk away from your mortgage and CC card debt.
FICO scores are to enslave you, a fraud. Load up on silver bullion
(in your hands), buy local mom and pop. Starve The Beast
#18 by yeahyeat on June 22, 2010 - 7:58 pm
Derrick
I use my credit card to pay my truck loan and a few days before my card bill is due I pay the balance off. It’s a good way to cheat the system. Bottom line you need to build your credit score if you want to eventually be a home owner. The better your credit score the lower your interest rate, therefore saving you money in the long run.
#19 by MusicOfTheSystem on June 24, 2010 - 3:17 pm
Charlie
I second that!
#20 by Philofthefuture87 on June 24, 2010 - 8:04 pm
Jacqueline
Don’t shop around for credit cards like this retard CPA told you to do. How about not getting a fucking credit card at all. Debt is a cancer that has plagued our culture. If you want to establish credit, ask yourself if you really want a score that allows you to take on large amounts of debt. Padding your credit score is counter intuitive.
#21 by gurlsingerfan on June 25, 2010 - 8:24 pm
Dawn
First Premier takes advantage of one of the nations major credit unions, Premier America. Be very careful, many banks are trying to confuse the customer so that it is hard to know who your are dealing with. Bank credit cards are very bad at most banks. Much better is a credit union membership and debit or credit card, depending on the institution. Bank credit cards are on their way out for the simple reason that no working American can carry this kind of debt/interest rate for long.
#22 by wojtek0000 on June 27, 2010 - 12:56 am
Jerome
Why is it possible? Jews!
#23 by sabaticl on June 29, 2010 - 12:45 am
Jesse
Friends don’t let Friends use Chase Bank.
#24 by MIKEL0352 on July 2, 2010 - 1:10 am
Grace
This is only going on in the United states! We **** ourselves all the time….terrorist arent the worst enemy of the United states…we are our own worst enemy. How in the **** did the terrorist learn to fly the planes??????WE FUCKING TAUGHT THEM! Then you see more **** like this and its like we just cant stop trying to **** each other
#25 by adrianngan on July 3, 2010 - 6:17 pm
Walter
better save money for the rainy day! waste of money