Credit offerings
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I am in no way trying to trivialize the pain being felt by some who are seeking credit to keep their business or personal finances afloat. But, recently my wife and I have received several offers for new personal and business credit cards and incentives to use an existing unsecured business line of credit that we haven't taped in almost a year with chase bank. The last is so ridiculous they are offering 0% for 12 months and 3% thereafter for the life of the loan. Is this reasonable anecdotal data showing that perhaps the credit markets are thawing?
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --Ralph Charell
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I am in no way trying to trivialize the pain being felt by some who are seeking credit to keep their business or personal finances afloat. But, recently my wife and I have received several offers for new personal and business credit cards and incentives to use an existing unsecured business line of credit that we haven't taped in almost a year with chase bank. The last is so ridiculous they are offering 0% for 12 months and 3% thereafter for the life of the loan. Is this reasonable anecdotal data showing that perhaps the credit markets are thawing?
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --Ralph Charell
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I am in no way trying to trivialize the pain being felt by some who are seeking credit to keep their business or personal finances afloat. But, recently my wife and I have received several offers for new personal and business credit cards and incentives to use an existing unsecured business line of credit that we haven't taped in almost a year with chase bank. The last is so ridiculous they are offering 0% for 12 months and 3% thereafter for the life of the loan. Is this reasonable anecdotal data showing that perhaps the credit markets are thawing?
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --Ralph Charell
Chris Austin wrote:
they are offering 0% for 12 months
What do you figure you could make from a 1-year CD with a face value of the most they'd loan you for a year?
Chris Austin wrote:
Is this reasonable anecdotal data showing that perhaps the credit markets are thawing?
Yes. It's also a sign that the same idiots are in charge now as were last year. (Loaning to you is not idiotic; loaning at 0% is the height of asininity.)
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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I am in no way trying to trivialize the pain being felt by some who are seeking credit to keep their business or personal finances afloat. But, recently my wife and I have received several offers for new personal and business credit cards and incentives to use an existing unsecured business line of credit that we haven't taped in almost a year with chase bank. The last is so ridiculous they are offering 0% for 12 months and 3% thereafter for the life of the loan. Is this reasonable anecdotal data showing that perhaps the credit markets are thawing?
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --Ralph Charell
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Chris Austin wrote:
Is this reasonable anecdotal data showing that perhaps the credit markets are thawing?
Perhaps it's reasonable evidence that the "crisis" wasn't quite what/where we were lead to believe.
Ilíon wrote:
Perhaps it's reasonable evidence that the "crisis" wasn't quite what/where we were lead to believe
You mean Bush and Paulson lied? :omg: Talk about the rats deserting the ship. . .
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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Chris Austin wrote:
they are offering 0% for 12 months
What do you figure you could make from a 1-year CD with a face value of the most they'd loan you for a year?
Chris Austin wrote:
Is this reasonable anecdotal data showing that perhaps the credit markets are thawing?
Yes. It's also a sign that the same idiots are in charge now as were last year. (Loaning to you is not idiotic; loaning at 0% is the height of asininity.)
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
Oakman wrote:
What do you figure you could make from a 1-year CD with a face value of the most they'd loan you for a year?
I haven't looked at that yet. I was considering taking out the entire amount and depositing it into my goldmoney account[^].
Oakman wrote:
Yes. It's also a sign that the same idiots are in charge now as were last year. (Loaning to you is not idiotic; loaning at 0% is the height of asininity.)
I was pretty gobsmacked as well. Amazing short term thinking.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --Ralph Charell
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Ilíon wrote:
Perhaps it's reasonable evidence that the "crisis" wasn't quite what/where we were lead to believe
You mean Bush and Paulson lied? :omg: Talk about the rats deserting the ship. . .
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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Chris Austin wrote:
Is this reasonable anecdotal data showing that perhaps the credit markets are thawing?
Perhaps it's reasonable evidence that the "crisis" wasn't quite what/where we were lead to believe.
I don't know. I do personally believe that our government, media and, wall street are a highly condensed oligarchy/plutocracy. I believe nothing that comes out of any of their orifices.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --Ralph Charell
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Oakman wrote:
What do you figure you could make from a 1-year CD with a face value of the most they'd loan you for a year?
I haven't looked at that yet. I was considering taking out the entire amount and depositing it into my goldmoney account[^].
Oakman wrote:
Yes. It's also a sign that the same idiots are in charge now as were last year. (Loaning to you is not idiotic; loaning at 0% is the height of asininity.)
I was pretty gobsmacked as well. Amazing short term thinking.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --Ralph Charell
Chris Austin wrote:
I was pretty gobsmacked as well. Amazing short term thinking.
The only half-way rational explanation I can come up with is that they were under great government pressure to prove that they were making loans, so they looked for guys with credit scores about 830 and offered them deals they couldn't refuse (either take the money or hire a guard for your horses.)
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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I don't know. I do personally believe that our government, media and, wall street are a highly condensed oligarchy/plutocracy. I believe nothing that comes out of any of their orifices.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --Ralph Charell
Chris Austin wrote:
I believe nothing that comes out of any of their orifices.
Nice. It might be safe to assume what comes out of their asses smells though. :-D They might think it's roses, but we both know better.
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I don't know. I do personally believe that our government, media and, wall street are a highly condensed oligarchy/plutocracy. I believe nothing that comes out of any of their orifices.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --Ralph Charell
Chris Austin wrote:
I don't know. I do personally believe that our government, media and, wall street are a highly condensed oligarchy/plutocracy. I believe nothing that comes out of any of their orifices.
Regardless; only one of the three can hold a gun to your head.
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Chris Austin wrote:
they are offering 0% for 12 months
What do you figure you could make from a 1-year CD with a face value of the most they'd loan you for a year?
Chris Austin wrote:
Is this reasonable anecdotal data showing that perhaps the credit markets are thawing?
Yes. It's also a sign that the same idiots are in charge now as were last year. (Loaning to you is not idiotic; loaning at 0% is the height of asininity.)
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
We get these offers all the time from our credit cards for 0% for 12-18 months. They used to be exactly like free money but lately all the offers include a 3% fee which I'm sure this offer would include in the form of some type of processing fee. I never understood it either but maybe they're banking on your screwing up and not paying the total off by the deadline and then they get to charge you the back interest. We've used these offers in the past to purchase big ticket items we didn't expect to need such as a replacement washing machine etc. (Thanks GE...) Like you said below, if you've got a credit score around 800 they're trying to get you to take their money before the government makes them hand it out to someone with a score of 600 or worse.
------------------------------------- Do not do what has already been done. Absolute power corrupts absolutely.. but it ROCKS absolutely, too.
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Chris Austin wrote:
I don't know. I do personally believe that our government, media and, wall street are a highly condensed oligarchy/plutocracy. I believe nothing that comes out of any of their orifices.
Regardless; only one of the three can hold a gun to your head.
Ilíon wrote:
Regardless; only one of the three can hold a gun to your head.
But when it comes to wall street, government is a hired gun, ready to take your wallet and hand it over to the fat cats.
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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Ilíon wrote:
Regardless; only one of the three can hold a gun to your head.
But when it comes to wall street, government is a hired gun, ready to take your wallet and hand it over to the fat cats.
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
Oakman wrote:
But when it comes to wall street, government is a hired gun, ready to take your wallet and hand it over to the fat cats.
where the term, "fat cat", is not just a chubby out of shape investor or speculator but also the UAW and ACORN - leaving the tax paying part of the population thoroughly fucked.
Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.
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Oakman wrote:
But when it comes to wall street, government is a hired gun, ready to take your wallet and hand it over to the fat cats.
where the term, "fat cat", is not just a chubby out of shape investor or speculator but also the UAW and ACORN - leaving the tax paying part of the population thoroughly fucked.
Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.
Mike Gaskey wrote:
where the term, "fat cat", is not just a chubby out of shape investor or speculator but also the UAW and ACORN - leaving the tax paying part of the population thoroughly f***ed.
Once upon a time unions served a purpose and, I suspect, sometimes still do or the U.S. Chamber of Commerce wouldn't hate them so strongly. However, it's been a long time since most of 'em have cared about their members and the leaders resemble (physically, psychologically, and in lifestyle) no-one as much as they do the corporate suits they face across the bargaining table. Likewise with community organizers. And, for that matter, the great majority of the exec directors of non-profit orgs like the Community Chest or Red Cross.
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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Chris Austin wrote:
I don't know. I do personally believe that our government, media and, wall street are a highly condensed oligarchy/plutocracy. I believe nothing that comes out of any of their orifices.
Regardless; only one of the three can hold a gun to your head.
Ilíon wrote:
Regardless; only one of the three can hold a gun to your head.
I see no separation between the three except in name.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --Ralph Charell
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Mike Gaskey wrote:
where the term, "fat cat", is not just a chubby out of shape investor or speculator but also the UAW and ACORN - leaving the tax paying part of the population thoroughly f***ed.
Once upon a time unions served a purpose and, I suspect, sometimes still do or the U.S. Chamber of Commerce wouldn't hate them so strongly. However, it's been a long time since most of 'em have cared about their members and the leaders resemble (physically, psychologically, and in lifestyle) no-one as much as they do the corporate suits they face across the bargaining table. Likewise with community organizers. And, for that matter, the great majority of the exec directors of non-profit orgs like the Community Chest or Red Cross.
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
Oakman wrote:
Likewise with community organizers. And, for that matter, the great majority of the exec directors of non-profit orgs like the Community Chest or Red Cross.
Would you put Salvation Army in that category too then? I don't think I've every heard of them doing anything dubious.
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Oakman wrote:
Likewise with community organizers. And, for that matter, the great majority of the exec directors of non-profit orgs like the Community Chest or Red Cross.
Would you put Salvation Army in that category too then? I don't think I've every heard of them doing anything dubious.
wolfbinary wrote:
Would you put Salvation Army in that category too then
Not at all. I think their reputation is just about spotless, and the percentage of what they collect that is spent on overhead is miniscule compared to what other groups take out of program funds to pay off their staff.
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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Oakman wrote:
Likewise with community organizers. And, for that matter, the great majority of the exec directors of non-profit orgs like the Community Chest or Red Cross.
Would you put Salvation Army in that category too then? I don't think I've every heard of them doing anything dubious.
wolfbinary wrote:
Salvation Army
one of the few charities I donate to with no qualms. ditto Goodwill and the Society of Saint Vincent De Paul.
Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.
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Mike Gaskey wrote:
where the term, "fat cat", is not just a chubby out of shape investor or speculator but also the UAW and ACORN - leaving the tax paying part of the population thoroughly f***ed.
Once upon a time unions served a purpose and, I suspect, sometimes still do or the U.S. Chamber of Commerce wouldn't hate them so strongly. However, it's been a long time since most of 'em have cared about their members and the leaders resemble (physically, psychologically, and in lifestyle) no-one as much as they do the corporate suits they face across the bargaining table. Likewise with community organizers. And, for that matter, the great majority of the exec directors of non-profit orgs like the Community Chest or Red Cross.
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
Oakman wrote:
Once upon a time unions served a purpose
My father, who passed away in '82, worked for USS Steel for 33 years before he retired. He was a stauch union member (and straight ticket Democrat voter) for 30 of those years. He was thoroughly disgusted with the Steel Workers Union after 30 years because the union protected malcontents, milingerers and general deadasses and finally took a promotion to a management level that took him out of the union. I saw him man the picket lines for 180 days in the 1950s, his leaving the union was no small thing.
Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.