Comments on: Beware: Bank Credit Cards http://justoneopinion.com/beware-bank-credit-cards#utm_source=feed&utm_medium=feed&utm_campaign=feed Commentary on news, politics, religion, and the economy... Fri, 25 May 2012 19:55:06 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: John Hoyle http://justoneopinion.com/beware-bank-credit-cards/comment-page-1#comment-581 John Hoyle Sun, 11 Oct 2009 17:52:30 +0000 http://justoneopinion.com/?p=2806#comment-581 <a href='#comment-579' rel="nofollow">@hal osterbaan</a> - Hal, you have a valid observation and I agree that at some point the bank does have a right to say "you have $2000 in your checking account and you're three months past due on your Visa, so we are going to freeze your funds until you bring your Visa current." I have no problem with that. Please read my follow up post that responds to your objection in more detail.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('581','John Hoyle'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('581','John Hoyle','<a href=\'#comment-579\' rel=\"nofollow\">@hal osterbaan<\/a> - Hal, you have a valid observation and I agree that at some point the bank does have a right to say \"you have $2000 in your checking account and you\'re three months past due on your Visa, so we are going to freeze your funds until you bring your Visa current.\" I have no problem with that. \r\n\r\nPlease read my follow up post that responds to your objection in more detail.'); return false;">Quote</a></div> @hal osterbaan – Hal, you have a valid observation and I agree that at some point the bank does have a right to say “you have $2000 in your checking account and you’re three months past due on your Visa, so we are going to freeze your funds until you bring your Visa current.” I have no problem with that.

Please read my follow up post that responds to your objection in more detail.

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]]> By: Richard E. Kelly http://justoneopinion.com/beware-bank-credit-cards/comment-page-1#comment-580 Richard E. Kelly Sun, 11 Oct 2009 13:09:52 +0000 http://justoneopinion.com/?p=2806#comment-580 Hal, a very good observation! There are always "two" sides to every story.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('580','Richard E. Kelly'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('580','Richard E. Kelly','Hal, a very good observation! There are always \"two\" sides to every story.'); return false;">Quote</a></div> Hal, a very good observation! There are always “two” sides to every story.
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]]> By: hal osterbaan http://justoneopinion.com/beware-bank-credit-cards/comment-page-1#comment-579 hal osterbaan Sun, 11 Oct 2009 12:36:36 +0000 http://justoneopinion.com/?p=2806#comment-579 When you applied for a credit card - you were asking the bank for an unsecured loan. On the application, it clearly states that if you fail to keep your agreement to make timely payments, they will have certain recourse. i.e. attach ANY accounts that you have. Your article appears to focus on how to avoid keeping your part of the agreement. If in fact you had the funds available - it would appear to the bank that you were CHOOSING to ignore your part of the agreement. And it is only logical that they should begin collection procedures.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('579','hal osterbaan'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('579','hal osterbaan','When you applied for a credit card - you were asking the bank for an unsecured loan. On the application, it clearly states that if you fail to keep your agreement to make timely payments, they will have certain recourse. i.e. attach ANY accounts that you have.\r\n\r\nYour article appears to focus on how to avoid keeping your part of the agreement.\r\n\r\nIf in fact you had the funds available - it would appear to the bank that you were CHOOSING to ignore your part of the agreement. And it is only logical that they should begin collection procedures.'); return false;">Quote</a></div> When you applied for a credit card – you were asking the bank for an unsecured loan. On the application, it clearly states that if you fail to keep your agreement to make timely payments, they will have certain recourse. i.e. attach ANY accounts that you have.

Your article appears to focus on how to avoid keeping your part of the agreement.

If in fact you had the funds available – it would appear to the bank that you were CHOOSING to ignore your part of the agreement. And it is only logical that they should begin collection procedures.

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