Re: Can playing covers get you sued?
- From: "Mike Rieves" <mriev@xxxxxxxxxxx>
- Date: Mon, 16 Apr 2007 22:16:29 -0500
"Brian Running" <brunning@xxxxxxxxxxx> wrote in message
news:VAWUh.24434$G23.21878@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Just for the heck of it, Mike, explain why people should be able to run
up huge credit-card balances for purchases of unessential items and then
be able to discharge the obligation to pay using the government's
bankruptcy courts? What is the moral basis for expecting credit-card
companies to absorb those costs and bear those losses?
Considering the morals and ethics shown by the credit card compaines,
I'd say it's tit for tat. They charge exorbitant interest rates, give
cards to college and even high school students, engage in predatory
lending practices, etc.
Just for the record, I've never had a credit card and have no plans for
ever getting one....
[snip]
Are you going to answer my questions?
I have a question for you, what is the moral basis for credit card
comapnies ripping off those who do pay their bills?
There is no moral basis for expecting credit card companies to absorb the
costs and bear the losses that come from people running up credit card bills
for nonessential items. Folks shouldn't go out and buy things they can't
afford just because they have a credit card to charge it on. On the other
hand, credit card companies shouldn't encourage their customers to run up
debt they have little hope of paying. "What's in your wallet?"
When there isn't any cash in mine, I don't buy anything. I just don't
think the credit card companies should be taking advantage of the American
public the way that they are, and if you don't think that the credit card
companies are taking advantage of the American public, kindly explain why
you don't think so.
The new bankruptcy laws make it difficult for those who have run up
essential debt (medical bills are the number one reason for filing
bankruptcy
http://content.healthaffairs.org/cgi/content/full/hlthaff.w5.63/DC1) What
about those people? None of us are exempt from facing illness or injury that
will put us deep in debt and often make us physically unable to work and pay
off that debt. Insurance is prohibitively expensive or impossible to obtain
for many of us and medical costs have skyrocketed. If you or someone close
to you need expensive medical treatment and you had no insurance and little
in savings, would you hesitate to pay for treatment with credit cards?
.
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