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Originally posted by LightFantastic
Originally posted by extr5
This week two cards from Bank of America were canceled.
No balances when canceled.
Balances were paid off every month before due.
Credit score of 780.
By being too good a customer by paying off the balance before due it will actually cost them money when you use your card.
They want customers that run the card up to near max and pay the minimum payment - they make loads from them. They are called "Credit Revolvers" over here.
Originally posted by washingtonsghost
Free yourselves from financial slavery. What do you think Jesus would have to say about all you 'christians' worshiping the false idle that is your credit score? When the SHTF your credit card isn't going to work! Join me in a real economic revolution, close your bank accounts, Max out your credit cards, and then change your phone number. With the number of people who are financial screwed right now, its only a matter of time before the current 'credit score' system is completely useless. Stop paying interest, this is slavery. Not me, no more. All done supporting the financial system.
Originally posted by Jkd Up
The most chilling thing about this is this quote in the story:
"No law, including the Credit CARD Act that has started to take effect, prevents banks from closing down credit accounts without warning."
Think about this. Just for a moment. Think about what this can mean to you... Your money...