No. of Recommendations: 2
Well, this is where we disagree

Well we agree in this anyway: This is where we disagree.

Your table is just a demonstration of usury. If the fine print said she will lose one finger for every day she is late in paying, would you simply compose a table of how many fingers she must lose and to stop whining because she agreed to it when she opened the account? At least in this case there'd be the upper limit of 10 fingers. There is no upper limit in your table.

Usury is not contingent upon something being legal or not. It can be perfectly legal and even agreed upon up front and still be usury and immoral. In fact severe usury has often been legal and people have at times in history been imprisoned for something similar to a $45 debt that they let get out of hand whether because of negligence, malice, or higher priorities in their lives.

I do not think it makes it right. Onesize also deserves some relief from these usurious practices even if it was all her fault and she agree to the abuse on page 1 million of her 10 million page cardholder agreement.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.