Same Old, Same Old

[rolanni]

Is it just me or are the credit card companies double-dipping? I mean, here they get all this "bailout" money, which is supposed to, well, bail them out of the consequences of their actions. Then! Bailout money in one hand, they turn around and raise interest rates on accounts that are being paid on time and always a little (sometimes a lot) more than the minimum. Because... because... ah... because -- oh, yeah!

Because they can.

*sigh*

So, I wrote letters to my congresscritters and to the president, too, because I could, and a fat lot of good it will all do me. Except that my feelings are, somewhat, relieved.


Only a little bit of new wordage today; I spent my writing time going through the last two chapters and fine-tuning.

SRM meeting on the agenda tonight, and maybe a house meeting, too. Summer's coming, and that means my schedule goes from 35 hours a week at the day-job to 15. Which is nice in all ways except for the paying-the-bills aspect of things.


Progress on Mouse and Dragon

52896 / 120000

He sipped, and lowered his glass. "I need your advice, Thodelm."

Golden brows rose slightly. "Shall I be alarmed?"

"You may well become so; who am I to know?"

Comments

[gauroth.livejournal.com]

According to my tame economist (aka my husband) there are no rules to determine how much or how little credit card companies can charge. Thus when interest rates according to the Bank of England are 0.5% my credit card can still charge me 13.5%. It is a snare and a delusion, aka money for old rope for the banks. At the moment (at least here in the UK) one is better off paying-off credit cards than putting money into a savings account. Which is nuts!

/end rant

[(Anonymous)]

Nothing to do with credit card companies (I'm down to using a debit card and that's all-hooray!) BUT today at B&N they finally had a copy of Longeye! Yea hooray!

Beware the fine print...

[(Anonymous)]

I once worked in the Banking Industry. Those within the Banking Industry have a name for people like me and my spouse: they call us "deadbeats". And it's not because we don't have credit cards. We do. Banks make much of their profit from those who only pay a portion of their bill because what isn't paid is what they can charge you interest on -- with no legal restrictions on high they decide to make it. If one pays anything less than the full amount due due each month, it's a sure-fire recipe for debt. Which they want: they _want_ you to pay only the minimum due!

Banks can't make the profit from us that they can from others because we are never charged interest. We're "deadbeats" because we _always_ pay our bills in full and on time even when it may be unexpectedly higher than normal. Every single month. So there is never any unpaid amount they can charge us interest on!

Eta