Re: Can playing covers get you sued?

I have a question for you, what is the moral basis for credit card comapnies ripping off those who do pay their bills?

Give me an example of how they do that, and I'll respond.

On the other hand, credit card companies shouldn't encourage their customers to run up debt they have little hope of paying.

Give me an example of this. You really believe that the credit-card issuers encourage spending that can't be repaid?

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.

I have to make your argument for you? Okay, how 'bout this: Giving someone a credit card does not cause them to over-spend. The vast majority of credit-card holders are responsible and pay their debts. How do you explain them? If the credit-card companies are trying to rip off American consumers, they're doing a piss-poor job of it. How can you blame the lack of self-control and responsibility of a portion of society on credit-card companies?

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?

What about them? You mean all those people who pay their medical bills with credit cards? Which new bankruptcy laws are you referring to? Is bankruptcy supposed to be easy? Are we, as irresponsible consumers, entitled to a God-given right to spend beyond our means and them expect someone else to bear the cost? You can't be serious. What is your suggested remedy, by the way? To make bankruptcy easier, and to be able to discharge credit-card debt more easily? Who will bear the costs of that? Where do you suppose the money comes from to pay those bad-debt losses? Jesus Christ, think for a minute, will you?

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?

Would I then expect to be able to discharge all those debts in bankruptcy? You make the plight of the poor, beleaguered consumer sound so noble. You're confusing the high cost of health care and health insurance with an easy ability to discharge debts in bankruptcy. Turn your brain on for a second, and think -- those people who default on their bills and then declare bankruptcy, who do you suppose ends up paying those bills? You think those debts just disappear? I got news for you, the providers pass it on to you and me. You want to make it easier for people to skate on their credit-card obligations, fine, but you can expect to have to pay those skaters' debts out of your pocket. Is that what you really want?
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