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Zeppelin Insanity posted:I got an excellent offer in the mail. A company with "bank" in their name, but one I've never heard off, offered me a credit card with an APR of only 39.9%! They say in the latter that they've "already helped 2.6 million people"! Can't wait to start building truck equity with this. Credit One Bank! http://creditcardforum.com/blog/review-credit-one-credit-card-scam/ https://www.creditkarma.com/reviews/credit-card/single/id/credit-one-bank
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Jul 19, 2015 18:28
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canyoneer posted:https://np.reddit.com/r/cars/comments/3da252/made_it_purchased_2014_nissan_gtr_at_26/ He's not making 36k a year. Probably closer to 50k with housing allowances. BloodBag posted:But yeah, the only outlier is how expensive the car is, but those guys always blow their sign on bonus on whips and other dumb poo poo. Without housing allowances and all the other perks of active duty, most enlisted at a low enough level qualified for food stamps back in the day. I had a coworker on WIC who spent a years worth of savings from being in Korea on a Charger. TLG James fucked around with this message at 21:28 on Jul 19, 2015 |
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Jul 19, 2015 21:18
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Bisty Q. posted:Credit One Bank! I wonder how many people have been tricked into thinking they're a part of or associated with Capital One. That logo design is not an accident.
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Jul 19, 2015 22:34
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 wow no kidding
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Jul 20, 2015 00:30
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TLG James posted:I had a coworker on WIC who spent a years worth of savings from being in Korea on a Charger. One particularly insufferable fellow private in basic training was a military contractor in Iraq for a year before signing up. He blew every penny he brought home on a Ford Lightning.
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Jul 20, 2015 03:57
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A coworker friend of mine was complaining the other day about one of the faculty in her boyfriend's department who, after the stock market crashed, announced that this is why he keeps his entire retirement in CDs instead of stocks. I was even more shocked a second later when I realized my coworker was telling this story not because she knew it was ridiculous but because she thought the guy was being an rear end in a top hat by bragging about his good strategy. She then said she hates the stock market, and that's why she puts her retirement in our 403b plan instead. I had to explain the whole thing to her. I thought it was funny that she's actually making good financial choices, but only because she didn't know what she was actually doing. For my own confession, I remember making a few medium-large purchases when I was younger (a new TV or mattress) and going to the store with all of the money ready to pay in full, then finding out they had a financing option with probably horrific interest rates that meant I didn't HAVE to pay it all right away, and thinking that sounded great. I didn't go through with it, however, when I realized I'd have to fill out an application and wait for the credit check. My financial future was saved by not wanting to spend 5 extra minutes in Best Buy.
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Jul 20, 2015 06:32
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Bisty Q. posted:Credit One Bank! Actually, I'm in the UK, and it was https://uk.trustpilot.com/review/www.vanquis.co.uk MICHAEL SEARSON posted:Top credit card company very helpful and are happy to help. Would also say there rats are very good for a credit card
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Jul 20, 2015 09:18
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Zeppelin Insanity posted:Actually, I'm in the UK, and it was https://uk.trustpilot.com/review/www.vanquis.co.uk Bartell posted:This card is good for any shortfall of purchase, the only downfall is ive had the card a year and not had an credit rise, other than that its good for helping build crefit bk up Other than that! They must be pointing people at this site to elicit positive reviews, nobody loves their credit card company as much as these people.
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Jul 20, 2015 09:44
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I was in London last week and on the tube was an ad for a payday loan company. The ad stated it was very affordable, but I presume there is some sort of rule stating they have to disclose the total interest rate with a worked example. The interest rate was in the realm of 300% per annum. 
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Jul 20, 2015 12:57
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Zeppelin Insanity posted:I got an excellent offer in the mail. A company with "bank" in their name, but one I've never heard off, offered me a credit card with an APR of only 39.9%! They say in the latter that they've "already helped 2.6 million people"! Can't wait to start building truck equity with this. To be fair, if you pay it off every month the APR doesn't matter 
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Jul 20, 2015 13:16
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Nail Rat posted:To be fair, if you pay it off every month the APR doesn't matter In general yes, but this card charges interest starting on the day you make the charge.
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Jul 20, 2015 13:25
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froglet posted:I was in London last week and on the tube was an ad for a payday loan company. The ad stated it was very affordable, but I presume there is some sort of rule stating they have to disclose the total interest rate with a worked example. The interest rate was in the realm of 300% per annum. Yeah the law requires the APR to be stated. Obviously payday loan companies prey on vulnerable people and I'm not here to defend them, BUT... listing an APR on a payday loan is kind of like looking at the cost of taking a taxi from London to Edinburgh and then concluding you should never get a taxi 2 miles down the road. In theory if you pay back the loan on time, the APR is irrelevant. Obviously problems arise because people who need to take out payday loans are also frequently people who can't pay back payday loans on time. However, I don't think listing giant APR's helps those people understand the situation they're getting themselves into.
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Jul 20, 2015 16:01
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Is there a particular reason why Payday and Title Loan places have popped up all over the place in the last decade? I live in a decently affluent area and there are probably a dozen places I can get cash for my title within a 5 mile radius. It then occurred to me that there aren't as many pawn shops around these days and our possessions are probably not worth as much second-hand with eBay and Craigslist. I mean, the popular reason would probably be stagnating wages and low rates of savings combined with a consumption driven culture. But I was just trying to think of any other factors.
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Jul 20, 2015 16:10
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Well, they're a healthy business model delivering a need, according to this dude who should be guillotined.
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Jul 20, 2015 16:53
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Krispy Kareem posted:Is there a particular reason why Payday and Title Loan places have popped up all over the place in the last decade? I live in a decently affluent area and there are probably a dozen places I can get cash for my title within a 5 mile radius. Gary Rivlin's book Broke, USA is a good read on the regulatory and business background that led to the proliferation of these businesses over the past 15 or so years.
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Jul 20, 2015 17:06
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pig slut lisa posted:Gary Rivlin's book Broke, USA is a good read on the regulatory and business background that led to the proliferation of these businesses over the past 15 or so years. Awesome. The exact type of book I was looking for. Unfortunately for the author, since everyone in in the USA is now broke, I purchased it used for a penny.
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Jul 20, 2015 18:17
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pig slut lisa posted:Gary Rivlin's book Broke, USA is a good read on the regulatory and business background that led to the proliferation of these businesses over the past 15 or so years. Is it the theory I usually hear about how keeping people in debt is the best way to make profit? e: bought it anyway, for the grand sum of £1.92, position 50 in my growing queue of unread books 
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Jul 20, 2015 18:34
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jaymeekae posted:Yeah the law requires the APR to be stated. I don't know if it's different in the UK but in the US, you pay that fee whether you pay it on time or not. You write the check for $435 and get $400 cash or something close. You don't get a refund for paying it back sooner; as soon as cash changes hands, they've "earned" that fee.
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Jul 20, 2015 22:21
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pig slut lisa posted:Gary Rivlin's book Broke, USA is a good read on the regulatory and business background that led to the proliferation of these businesses over the past 15 or so years. Wow, that was the first book I ever bought on a Kindle. Hard to believe that was already 3 years ago. Best part I remember from that book was how pawn shops are subject to stricter regulations then payday loan companies.
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Jul 20, 2015 23:14
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Krispy Kareem posted:Awesome. The exact type of book I was looking for. I checked it out from the library once. For free. Of course, I got a speeding ticket on the way there -- didn't notice I was in a school zone, only person on the road, officer didn't give me the school zone penalty but still gave me a ticket for 39 in a 20 when the normal speed limit on the road is 40. Would not have been on that road at that time if I wasn't going to the library. So, technically, that book cost $140 for a 3 week loan. But it's a good book. 
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Jul 21, 2015 00:45
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NancyPants posted:I don't know if it's different in the UK but in the US, you pay that fee whether you pay it on time or not. You write the check for $435 and get $400 cash or something close. You don't get a refund for paying it back sooner; as soon as cash changes hands, they've "earned" that fee. They did earn that fee. No one's going to loan a high risk person $400 and get back just $400 three weeks later. You have to make it worth the lender's effort otherwise they'll close shop and start something with better returns like horse selling.
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Jul 21, 2015 01:46
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HelloIAmYourHeart posted:Not Reddit, for a change: OP uses his company credit card for personal use, racks up $20k balance. Remember the person from askamanager.com who ran up $20k on their company credit card? He fessed up and everything went better than expected: quote:I put together a quick budget, reflecting that with no more spending on the card and no more of the monthly PayPal fees, I can get this paid off within 12 months, through payroll reductions alone. And I have stated that I’m still exploring any possiblites of loans, as well as seeking overtime and the possiblity of some weekend work to reduce the timeframe for total payback. HelloIAmYourHeart fucked around with this message at 01:59 on Jul 21, 2015 |
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Jul 21, 2015 01:57
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Only one year of their life to repay a debt they should have never clocked up on a company card, and four years of stress prior to that.
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Jul 21, 2015 02:18
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HelloIAmYourHeart posted:Remember the person from askamanager.com who ran up $20k on their company credit card? He fessed up and everything went better than expected: They're totally still going to fire him. You'd have to poo poo gold in the company toilet stalls to be important enough to keep on the payroll after pulling that poo poo. They'll get back most of their money and quietly escort him off the premises.
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Jul 21, 2015 14:19
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Krispy Kareem posted:They're totally still going to fire him. My company wouldn't fire them. I had to put together the new credit card policy and they basically landed on "don't use the credit card for personal use ever. but if you do here's how you will pay it off over time." they still get the rebate from the CC company and their stupid employee pays the bill!
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Jul 21, 2015 14:26
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No Butt Stuff posted:My company wouldn't fire them. I had to put together the new credit card policy and they basically landed on "don't use the credit card for personal use ever. I don't know if the bill is the concern - more likely the fact he kept this hidden for so long. No employer wants an employee whose first, second, and third inclination is to hide stuff from them for 4 years. You certainly wouldn't want someone like that working with anything like computer security or regulatory compliance or anything that'd be a potential liability for the company. The employee is so emotional when something like this is revealed. It might be Termination 101 not to let them go right away, but promise to work things out, assess the damage, and let things calm down before calling him in for a meeting with HR on a Friday afternoon.
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Jul 21, 2015 16:34
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Best case his new nickname will be canary
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Jul 21, 2015 16:39
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Comrade Flynn posted:I'd love to see you use a bicycle pump on big tires. Jesus. Used to pump up a chevy g20 van tire from dead flat every morning before work and every night before i went home from work. Thats why poor people have good pecs.
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Jul 21, 2015 17:31
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THF13 posted:/r/Wallstreetbets in its entirety qualifies for this thread, but here is some grade A material. So his calls will expire worthless most likely.
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Jul 21, 2015 23:03
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Droo posted:So his calls will expire worthless most likely. Wow. So close. Down 1% today from the previous close of $132.07. Had it just gone up 1% he would have totally not sold it and waited to see if it went up another 1% tomorrow.
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Jul 21, 2015 23:07
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After hours trading is around $122 right now so that $125 strike price is looking out of the money at the moment.
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Jul 21, 2015 23:12
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Devian666 posted:After hours trading is around $122 right now so that $125 strike price is looking out of the money at the moment. https://www.reddit.com/r/wallstreetbets/comments/3e42hc/well_fuck/ Follow up to the likely bullshit ordeal here.
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Jul 21, 2015 23:39
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Spiffness posted:https://www.reddit.com/r/wallstreetbets/comments/3e42hc/well_fuck/ When you face the yolo, you have to accept the consequences, whatever they might be." New thread title.
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Jul 22, 2015 00:09
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I love how the viewers are called gamblers.
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Jul 22, 2015 00:34
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I have to go to Vegas for a bachelor party and pay for a bullshit pool party and a night at the club/strippers. Not to mention the CAD:USD exchange rate and getting raked over the coals for drinks. Feeling obligated to participate is BWM. I should have just said no in the first place.
Grouco fucked around with this message at 03:39 on Jul 22, 2015 |
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Jul 22, 2015 03:36
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Wife's mom got a credit card to pay for a Hawaiian vacation, as Cabo just wasn't nice enough and they needed a second vacation this year.
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Jul 22, 2015 03:47
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Grouco posted:I have to go to Vegas for a bachelor party and pay for a bullshit pool party and a night at the club/strippers. Not to mention the CAD:USD exchange rate and getting raked over the coals for drinks. Feeling obligated to participate is BWM. As long as you're gambling you shouldn't be paying for drinks. Just tip the waitresses.
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Jul 22, 2015 03:56
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Knyteguy posted:Wife's mom got a credit card to pay for a Hawaiian vacation, as Cabo just wasn't nice enough and they needed a second vacation this year. It's a kind of torture to see that. I guess personal loans can be so expensive these days that they compete with credit card rates.
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Jul 22, 2015 04:45
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Devian666 posted:It's a kind of torture to see that. I guess personal loans can be so expensive these days that they compete with credit card rates. I'm assuming (hoping) the new card gave some sort of travel-related signup bonus, and that its sole purpose was not just to finance the trip. Please tell me that's the case. 
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Jul 22, 2015 05:04
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You'd hope there's some card churning for air miles so the whole trip is free. However I doubt that's what happened.
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Jul 22, 2015 05:08
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