Credit Card Offers and Bank Failures

A great line from this article on Credit Cards,,, "“If you can’t afford it – you can’t afford it with interest.”"..... When you read the article and see just how hard these companies compete for your business even though they know there will be write downs due to fraud and default,, Tie in stocks include: COF, AXP, MA, V, C, JPM

Thanks for the websites. About half of my mail are credit card offer. What is sad is that the people who read this post are not the most viable targets of those companies. Instead, they take advantage of those who are least-equipped to handle credit.

For kicks one day, I put my dog's name on some random form. Now she wins awards and cruises, and was offered a credit card as well.

When one my kids was younger, they received a credit card app. We sent it in with the anticipated income ($.25/day) for chores and included all gift money. I took heart in the fact that the child was turned down.

Your next post should be telling everyone to contact a different Credit Agency every 4 months and ask for a credit report. It is a free and simple way to monitor their credit on a regular basis.

Great article, 6 blog sites, NICE!
Keep enjoying life Rich

That's good ET - PetSmart has a near monopoly from a national perspective? Is that right? Almost like Toys-R-Us (TOY)

I am sure that there is credit card fraud that goes on because of this practice, I do know from a banker friend of mine that the credit card part of the business is still very profitable even in spite of the fraud and people that do buy what they can't afford plus interest, from what I understand a certain amount of non payment and defaults are figured in but thanks to the very high interest rates, this remains a profitable business.. Thanks for the great article, I will contact you when the send one for my dog, "as soon as we get back from PetSmart" (PETM) ha ha

Where's Al Gore when you need him. He should fly his fossil-fuel-guzzling private jet to Washington and tell them to legislate this senseless murdering of trees, which also adds to the aggravation of the correspondents recipients, which probably also has some negative mental health effect, which in turn raising the cost of health care. So with one selfless act Al can save the environment and improve the mental well being of the public. Maybe he’ll win another Nobel Prize, one for peace and another for medicine.

Credit card offers for people who do not live at your address? Offers for children? Gee, I wonder why the banks are in so much trouble?

Thanks for those great links Rich! I don't get as many offers per day as you do, but I get enough of them to burn through 2 shredders over the past few years...