Fool Me Once ……
Post viewed 452 times, 3 so far today
A couple of days ago, I forwarded a story from MSN Money about how Capital One is trying to collect more fees by giving people low-limit credit cards so that they can easily overspent with cards. While Capital One's practice of helping people accumulating more debts should be condemned, the center figures in the story, the Kehns, actually bear the same share of responsibility of getting themselves into that situation. As Golbguru commented
I am not surprised Cap One tried to push more cards to the guys. What is dissappointing is to see these people take the bait.
Not just that they took the bait, but repeatedly. Come on, nobody forced you to take their card, Kehn. You volunteered yourself. Yet at the end, things went so bad for you and you had to get help from credit counseling agency (and you believe that?), but you did forget to complain
I owe these people that much damn money and they are willing to give me another credit card? This is nuts.
Yeah, they are nuts, so are you Kehn, if not even worse. This reminds me what people are saying: “Fool me once, shame on you. Fool me twice, shame on me.”
Wait, there is a better person to tell you that.
[googlevideo]-3387600182820331221[/googlevideo]
Original video from SpikedHumor.
Featured Financial Products
- Earn up to 5% cash back from these cash back credit cards while shopping at gas stations, grocery stores, or online.
- Buy stocks at TradeKing at a flat $4.95 commission per trade. Check out the TradeKing review and use these TradeKing promotion codes to open an account.
Related Articles You Don't Want To Miss
4 Comments
Share Your Thouhgts
Your opinion matters. Please use the form below to share your thoughts on Fool Me Once …… with us.Recent Entries
- Can Your Earn Too Much ING Direct Referral Bonus?
- Free Inc or LLC Service from MyCorporation This Week
- Fidelity to Reopen Contrafund and Low–Priced Stock Fund
- You Can Now Link Your ShareBuilder Account to ING Direct
- November 2008 Score Card — Part I: Net Worth
- 10-Year Treasury Note Yield Reached All-Time Low - Chart of the Day
- Rate Updates: EverBank 4.00% Bonus Rate, Capital One 3.40% APY
- WTDirect Promotion: Get up to $250 Bonus When Opening a New Account
- TradeKing $50 Bonus Ends Tomorrow
- Regular Mortgage versus Reverse Mortgage: A Comparative Study
- Happy Thanksgiving!
- Why You Should Make Room for Charitable Giving in Your Budget
- Quarterly GDP Down 0.5% in Third Quarter - Chart of the Day
- Firstrade Black Friday Promotion: Get a FREE iPod Nano
- Get Your Free EASEUS Partition Manager Pro
- FDIC Problem Bank List Now Includes 171 Banks
- Safest Cars from Insurance Institute for Highway Safety
- American Express $20 Cashback for Shopping at Walmart
- Quicken Online New Features and Demo Video
- Update on DollarSavingsDirect Account
- Weekend Linkage - November 23, 2008
- Citi Closed My Dividend Platinum Select Card
- The Growing List of Failed Banks
- iShares 529 Plan: Save for College with ETFs
- Dow, The Near 6-Year Low
Capitol One is also known as Crapital One. Credit Cards companies have all kinds of stuff to get you further in debt. But I must say that these people that fall for the gimmicks will always hurt in the long run.
Providence is another CC company that has dirty tricks, they are known for holding cardholders credit card payment for at least 6 days until they posted it, knowning by then the customer payment will be late and of course they will charge that customer a late fee.
I do not have one credit card and I am proud of it!
It’s true that there are people keep falling into the trap and credit card companies are not the only one to blame. If people are not responsible to themselves, it’s hard to imagine that they can expect other people, like the credit card companies, to be responsible to them.
How stupid! People have to be gullible to think companies have their (people’s) best interests at heart. I can’t believe they fell for it SIX times. And that so many other people did the same thing. Amazing.
Stupid, that’s right. And they are definite not alone, otherwise Capital One could have abandoned this tactic long time ago if nobody took the bait. For many people, they simply take the easy credit without considering the consequence.