Credit is still easy to get

[Razorguns]

word. If u think it'll be 0% for 18 months -- um, yeah sure.

they'll raise it as fast than a blink of an eye once u hit the max. then they got ya. oldest credit trick in the book.

r

 

[chazk]

now try getting a $50,000 start up loan and a 300k mortgage and see what happens
Anything under 10k is just change

 

[rsnoble-im-back]

now try getting a $50,000 start up loan and a 300k mortgage and see what happens
Anything under 10k is just change

I don't need a start up loan and my house is paid off. No need to try. So in that category I wouldn't know. Just seems from observation that the companies are rotating people in and out at just as fast a rate on their own credit card (Nebraska and many others) as before all this mess started. A viscious circle: The co's are desparate for sells, still extend credit in an environment where loans are going sour left and right. This is another crisis that could end up being the final nail in the coffin. I would say look at MA's stock chart for an example but then again all charts look like hell now lol.

 

[ZKaudio]

I have an amex card I never use that got sliced down almost 60% in limit last week, they really reeled in their open credit lines.

 

[Razorguns]

I don't need a start up loan and my house is paid off. No need to try. So in that category I wouldn't know. Just seems from observation that the companies are rotating people in and out at just as fast a rate on their own credit card (Nebraska and many others) as before all this mess started. A viscious circle: The co's are desparate for sells, still extend credit in an environment where loans are going sour left and right. This is another crisis that could end up being the final nail in the coffin. I would say look at MA's stock chart for an example but then again all charts look like hell now lol.

They WANT YOU to use up all your credit esp if you have good credit.

Then they sit back and hope you lose your job, max out, and then start paying the minimum. Or hope to god you pay 2 days late.

That's how their business process works yo. They make money by GIVING you credit. Hence 'credit card'.

r

 

[chazk]

I have an amex card I never use that got sliced down almost 60% in limit last week, they really reeled in their open credit lines.

I have three amex cards 2 with 25k limits and the other with 20k
70k total, amex cut the two 25k cards down to 10k and the 20k card down to k ( platnuim,bus and delta fliers club)

I just told them to close them all I have 150k in unsecured credit already dont need their bullshit treating my like a washed up junky over a few grand

 

[chazk]

I don't need a start up loan and my house is paid off. No need to try. So in that category I wouldn't know. Just seems from observation that the companies are rotating people in and out at just as fast a rate on their own credit card (Nebraska and many others) as before all this mess started. A viscious circle: The co's are desparate for sells, still extend credit in an environment where loans are going sour left and right. This is another crisis that could end up being the final nail in the coffin. I would say look at MA's stock chart for an example but then again all charts look like hell now lol.

Thats the credit that is being affected small companies and people buying homes looking for acess to eazy loans.
A few grand in unsecured credit card money is nothing to them and not part of the credit crunch.

 

[Jansinnet]

I had 10 credit cards at 1 time. I rotated using them & paying them off every month taking advantage of their benifits.

 

[walliwalibus]

I have 100 credit cards. I rotate, get inflation, and new stems with them all. I want at least 150 by the end of next year. BTW I heard citigroup or citibank (which one I don't know) is deleting 53,000 jobs.?.? Any comment

Just sayin'
Discuss............