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Totally free $15
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THE FREE CREDIT CARD TRAP and *They arrive in your mail - a conspicuous looking mail piece from some *"official looking" bank claiming that you have been Pre-Approved for a *Mastercard or VISA credit card. and *Of course, you don't have to have any credit. You can even have bad credit *or have just filed bankruptcy or even be rated as a "slow payer." It doesn't *matter because these companies want to give you a second chance! *These companies want to make it easy for you to obtain a credit card because *they only want your money! and *How the thing works is that you must send $35 to receive an application that *provides you with a name and address listing of banks willing to give you a *VISA and/or Mastercard without any credit approval. That's a stiff price to *pay for a sheet of paper, don't you think? The instructions that come with *the application will let you know how the scheme works. You must open up a *bank account with the bank once that bank approves you. Big deal! They make *it appear that you have won some contest or something and people will feel *"good inside" that someone has approved them. and *But that's not all. The minimum amount you must deposit is $200 but you can *deposit as much as you want. In return, you get a Mastercard or VISA credit *card with a credit limit up to the amount you deposit. Wow! What a great *honor! This is no break! Think about it. If a stranger gave you $200 to hold *for him until Friday wouldn't you feel safe in granting them a $200 loan? *I mean _ it's their own money you've got. If they default, you've got the *full amount to pay off the loan. It takes a twisted mind to take $200 from *you, grant you $200 credit with your own money plus charge you astronomical *interest rates just to take the money from your hand and give it back to you. *That's insane! and *Of course _ to combat this insanity, the great and wonderful banks claim to *help fix your credit report. They say that if you maintain payments in a *correct fashion, this information will be reported to the credit bureau. *Yea, right! When Shell calls the credit bureau to check your credit for a *gas credit card, your report shows 47 defaulted loans and a bankruptcy. *However, there is one company that you make payments to on-time. Big deal. *Don't you think the rest of your bad credit will still be the deciding factor *in Shell's final decision. You bet you bottom dollar! and *Look at this: the bank makes money from the interest of your deposit. *The bank also makes money by charging you 18% to 22% interest for the right *to use their Mastercard or VISA. Plus the bank is guaranteed their money *because if you don't pay on time, they take the money out of the bank account *you opened with them along with any interest you have accumulated. and *Why would anyone with $200 to deposit want a credit card with a $200 limit? *If you have $200 and want to buy an item for $200 _ go out and purchase it. *That way, you'll own it lock, stock and barrel. No interest, no payments, no *hassle! Plus, you won't owe your soul to the company store _ sort-of-speak. and *Credit is a wonderful thing if you use it intelligently. I know people who *charge $100 at the beginning of the month and use that $100 to make $300. *It's free money for 30 days. Then, when the bill comes, they immediately pay *the entire balance and come out smelling like a rose with $200 to the good. *Credit is also needed in certain circumstances for establishing clout. You *can't call in a telephone order unless you can charge the purchase to your *credit card. This delays you getting items you want now. and *In fact _ some companies will try and make you feel "low class" if you don't *own a credit card. I am proud to say that I DON'T OWN one. When I'm in a *store and they say "Would you like to put this on your charge?" I promptly *say, "No, I pay for everything I buy!" They immediately shut up. And if they *would snap back with a rude answer, I'd leave the stuff sitting on the *counter, walk out of the store and get what I needed somewhere else. You *don't have to take abuse just because you don't choose to line the pockets *of the rich credit card companies! It's insane! and *If you've ever had a credit card and charged $200, you know you end up paying *back $400 or more (unless you pay the balance within 30 days.) Stop allowing *these so called banks to rip you off. and and and |
