Watch Frontline this week on Credit cards - Mothering Forums

Forum Jump: 
 
Thread Tools
Old 02-01-2005, 07:57 PM - Thread Starter
 
Amys1st's Avatar
 
Join Date: Mar 2003
Posts: 8,322
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Hi Mamas,

Before you use those credit cards again, may I suggest a great program.

PBS is airing an episode of Frontline about the credit card industry this week. I saw it this week and its a wonderful eye opener for those who love those credit cards.

Its also airing tonight on my local pbs station. If need be go to the pbs.org website to get info.

I would love to see what your opinion of that show and how you feel about your credit cards after watching

"The true joy of life is the trip. The station is only a dream. It constantly out distances us."
Amys1st is offline  
Sponsored Links
Advertisement
 
Old 02-02-2005, 04:50 AM
Banned
 
CharlieBrown's Avatar
 
Join Date: Jan 2004
Location: garden variety
Posts: 4,983
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
i justed watched it. used to live in south dakota when citi bank came in to set up shop. dh manages finances and we pay off cc each month.

it was very good and a real eye opener.
CharlieBrown is offline  
Old 02-02-2005, 11:27 AM
 
mommyoftwo's Avatar
 
Join Date: Apr 2004
Posts: 737
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Great show. It made me want to get rid of our cards-all two of them. We don't usually carry a balance but now I don't even want to have them.
Really no different than a loan shark.
mommyoftwo is offline  
Old 02-02-2005, 12:11 PM - Thread Starter
 
Amys1st's Avatar
 
Join Date: Mar 2003
Posts: 8,322
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by mommyoftwo
Great show.
Really no different than a loan shark.
That is exactly what I thought as well. We also have 2 credit cards that we use and pay off each and every month. I guess I am what Ben stein said that he is- a "deadbeat" user meaning they only make the 3% that they charge the merchant on us. They also said I am basically using an interest free loan for 30 days which is fine by me- they made the rules not me.

"The true joy of life is the trip. The station is only a dream. It constantly out distances us."
Amys1st is offline  
Old 02-04-2005, 04:14 PM
 
eleven's Avatar
 
Join Date: Aug 2004
Location: NY
Posts: 2,798
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I haven't watched the episode yet, but I just wanted to know that it is available to watch online at http://www.pbs.org/wgbh/pages/frontline/shows/credit/.
eleven is offline  
Old 02-04-2005, 07:02 PM
 
susienjay's Avatar
 
Join Date: Oct 2004
Location: MD
Posts: 580
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I watched it with dh and we found it to be a real eye opener. I never realized they could hike your interest rate if you make a late payment. I also found the part about how they make the minimum payments so low to encourage people to charge more interesting. We only have 1 card we pay off every month so I guess we are deadbeats too. :LOL

mama to six ('98, '00, '04, '04, '06, '08)
susienjay is offline  
Old 02-04-2005, 11:58 PM
A&A
 
A&A's Avatar
 
Join Date: Apr 2004
Posts: 16,186
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 8 Post(s)
Quote:
Originally Posted by errejasu
I I also found the part about how they make the minimum payments so low to encourage people to charge more interesting.

When I worked at Discover Card 10 years ago, the minimum payment was 1/36th of the balance. Now, their minimum payment is 1/50th of the balance. That's quite a difference!

"Our task is not to see the future, but to enable it."
A&A is offline  
Old 02-05-2005, 12:22 AM
 
broodymama's Avatar
 
Join Date: May 2004
Location: Watching the rain
Posts: 7,286
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 4 Post(s)
oooh, thanks for the link! i'm going to watch it with dh tonight.

nak
lb

Chaotic uc.jpg homeschool.gif mama to 5 plus a bonus one on the way.  stork-suprise.gif

chicken3.gif

broodymama is offline  
Old 02-09-2005, 07:45 PM
 
Pam_and_Abigail's Avatar
 
Join Date: Dec 2002
Location: NS, Canada
Posts: 3,641
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
gonna check it out!
Pam_and_Abigail is offline  
 
User Tag List

Thread Tools


Forum Jump: 

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off