Credit Card Debt on 60 Min.

Discussion in 'Credit Talk' started by jamie, Jan 23, 2001.

  1. jamie

    jamie Well-Known Member

    60 Minutes Tonight on CBS 9pm EST. FYI
     
  2. Sister Gir

    Sister Gir Guest

    RE: Credit Card Debt on 60 Min

    Quite interesting coverage...makes you think.
     
  3. jamie

    jamie Well-Known Member

    RE: Credit Card Debt on 60 Min

    Makes me happy my boys didn't get sucked in when they were in college.
     
  4. GEORGE

    GEORGE Well-Known Member

    RE: Credit Card Debt on 60 Min

    ALFULLY ONE SIDED!!!
    IT IS ALL THE CREDIT CARD COMPANIES FAULT...WHAT A CROCK!!!


    I use credit to save money.
    One check per month on DISCOVERCARD + Cash back.
    Low interest teaser rates w/balance transfers.
    Many other benefits, try buying a plane ticket w/o one.
    Try renting a car w/o one.

    I work with people who wouldn't use a credit card if I paid the bill for them...but come five days after payday, they have no money...
     
  5. roni

    roni Well-Known Member

    RE: Credit Card Debt on 60 Min

    Dang George, who ticked you off.

    roni
     
  6. GEORGE

    GEORGE Well-Known Member

    RE: Credit Card Debt on 60 Min

    Just the program was one sided...
    that all...anti credit card.

    Just my opinion.

    They also blamed the credit card companies for the DEATHS.
     
  7. roni

    roni Well-Known Member

    RE: Credit Card Debt on 60 Min

    Sorry, I just home from work and missed the program. Well, nobody cares what the reason for debt is. We all end up holding the bag.

    roni
     
  8. sam

    sam Well-Known Member

    RE: Credit Card Debt on 60 Min

    no kidding. I thought i had it bad, then find out some of my friends owe $20K+ on their platinum visa's :) whew! The min payment each month would kill ya!!
     
  9. Newcomer

    Newcomer Well-Known Member

    RE: Credit Card Debt on 60 Min

    Dog. I missed this. Could someone clue me in?
     
  10. jamie

    jamie Well-Known Member

    RE: Credit Card Debt on 60 Min

    It was about Credit Card Companies signing College students up for cards. No income required, all thats needed is a college ID. Companies pay the college millions to set up and sign up these kids. Kids get in over their heads, and have killed themselves or had to go bankrupt to get out of the debt. They count on parents to bail them out. Very sad!!!! Parents interviewed had no idea this was going on.
     
  11. JacquiG

    JacquiG Well-Known Member

    RE: Try This...

    http://www.cbsnews.com/now/story/0,1597,265630-412,00.shtml

    Sorry, I don't know how to do links :(
     
  12. creditwork

    creditwork Well-Known Member

    RE: Credit Card Debt on 60 Min

    Good for you, George. Glad to see I am not the only one taking advantage of credit. It is a "terrible thing to waste".

    http://www.creditsense.com
     
  13. GEORGE

    GEORGE Well-Known Member

  14. Newcomer

    Newcomer Well-Known Member

    RE: Credit Card Debt on 60 Min

    Wow, what a story. I hope I never get that desparate. I remember being overwhelmed by the debt I racked up in college. I also remember thinking that I had a lifetime to pay it back. I think the creditors make a bad situation worse when the "hound" people. True, it's not free money. But if the person runs scared or kills themselves, you're still not getting paid.
     
  15. JacquiG

    JacquiG Well-Known Member

    RE: Try This...

    Thanks George! Dang, I've got a lot to learn...
     

Share This Page