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I need a credit card (i think)

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protokatie:
Danny, it is all about how much you OWE not how much you OWN. It is a sick system, to the point that fiat money is mostly given value based on debt to banks, and not any real world intrinsic value. A few months back I posted a thread on how money is made (it isnt made by the treasury of any nation, but by the banks).

The only time a bank will care about what you own is as collateral against you failing to pay interest (plus principal, of course...)

ChadTower:

--- Quote from: Fordman on July 17, 2009, 01:07:39 am ---The Hospital cant use that your previous bill hasnt been pid against you if you need to be seen again. If they do, then they have broken HIPPA laws. HIPPA just isnt between you and your Doctor, it also covers your bills.

--- End quote ---


They can if it's the same hospital.  HIPAA protects against disclosure to uninvolved parties, but if the party has reason to have been involved last time (like sharing a billing system) then HIPAA doesn't apply.

ChadTower:

--- Quote from: Fordman on July 17, 2009, 01:12:38 am ---Because the money is backed by Sallie Mae (fed govt)  and 90% of the loans are used for tuition and books but there are those that use it for pizza and beer!

Seems like exspensive pizza and beer!

--- End quote ---


Ray wasn't talking about student loans.  He was talking about credit cards and he's right.  They are given out like candy to college students.  We used to have trouble just walking from class to class without someone coming right up to us and offering us bonus prizes for filling out a Discover Card application.  Kids would be in their third year of college and have already rung up $25k in credit card debt.  Trust me, that wasn't tuition and books, it was lifestyle spending. 

JeepMonkey:
Credit card companies have admitted to doing research that shows that people are more "loyal" to the first credit card they receive.

I was recently notified by my HELOC lender that the $5000 line of credit I had was no longer available as they "determined" that my home value has come down due to the housing market.

RayB:

--- Quote from: daywane on July 17, 2009, 01:03:27 am ---sounds like more rice and beans and beans and rice.
The bank wants a co signer for just a plain loan. Mom offered to do so.
Nope! I want to do this on my own. I am 44 years old.
I used to get credit cards in the mail all the time. I allways shredded them
wish one would show up now.
Wal mart and K mart asks me to fill out a app every time I shop there.
I guess I will apply. Heck gas is 15 cents cheaper if you use a Wal mart card.
I could try what my mother does. She has 1 card. Everthing is paid with her card.
I mean every thing. gas, groceries, utilities, then she has only 1 check to  right a month.
I have watched her do this for years.
several times, cards have dropped here because she allways pays off in full every month

--- End quote ---
That's a good strategy if there's absolutely no interest on all those purchases, and a great strategy if its a points card.

@Fordman: great advice

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