I did not see your answer to why I'm being offered more pre-approved credit relentlessly when I am unemployed. If you answered I must have missed it, in that case my apology.
First, you can opt out of credit card offers. I did years ago, and never receive these solicitations in the mail. Ever.
Go here:
www.ftc.gov...
Pretty easy to opt out. Public information. Easy to find - First hit on Google when you type in key words like "opt out + credit cards".
Why do big banks like Chase, Citigroup, etc. send credit card offers to unemployed people? First, they probably don't know you are unemployed, and second, based on your credit history and whatever demographic information that they know about you, you qualify as a candidate for their "ideal customer" profile according to their market research.
Big deal. You get credit card offers in the mail from big banks. So what?
I get pizza coupons in the mail, too. But I don't start a thread about how all the pizza companies are evil and out to get our money and what an evil system pizza companies are!!
(By the way, what on earth do credit card offers have to do with credit reporting agencies, which is the main subject of this thread??)
Credit card offers come from the big banks typically Chase, Citigroup, Bank of America, etc. No one here - including myself - has ever advocated for these big boys. In fact, I have criticized them extensively in this very thread!
Debt is a trap NOT a tool.
Millions of Americans benefit from the credit system in this country. Just ask any business owner.
Debt is definitely a trap to individuals that abuse credit and overextend themselves. For mature, responsible individuals that know how to use credit intelligently, credit is a convenient tool when managed properly.
Why encourage caution in assuming debt?
Why did I advise caution when using credit? Because too many Americans are totally ignorant when it comes to financial matters, and never take the time to educate themselves on how to use credit wisely. They are ignorant beyond belief - Running up huge credit card debt, student loan debt, mortgage debt, car debt, etc.
And it's a choice. No one ever put a gun to someone's head and made them take out a debt.
We have major issues with people borrowing way beyond their means in this country, and then these same individuals arrogantly strike out and blame banks, credit reporting agencies, and creditors for their bad decision-making!
It's not my fault people make poor decisions, or that their parents never took the time to educate their children on debt and finance matters. I feel sorry for these people - I genuinely do. It's pretty pathetic, though, when you see people failing to take responsibility for their actions.
Dave Ramsey estimates that the average family - with concerted effort and discipline - can clear up most personal debt (aside from a home mortgage) in 2-3 years if they really attack their personal debt and live below their means. That means sacrifice, and determination. Most Americans are too lazy to even try to get out of debt.
Because it supports the enslavement of every individual on this planet in one way or another. Encourage consumers to live beyond their means with advertising and marketing and whatever it is you are doing here on this thread. Advocating debt.
You obviously can't read. What I am advocating is responsible decision-making, and using credit wisely and with due care. Don't lie and twist my words.
I am not advocating debt - I am advocating responsible use of debt and living below one's means.
Excessive debt is very much like slavery. But we don't have debt prisons in this country. Most people just file bankruptcy.
Who's fault is it? Does the borrower deserve any blame for overextending themselves?
How do you explain the Americans that DON'T get into debt?
