Ferrari Mailing List: Re: NFC.Credit card BS

[LarryT (l02turner]

Charles wrote <<to take everything I earned>>

   That seems to be the general plan.  And people on this list would 
qualify as Public Enemies 1-100 or ever how many list members there are. 
The class warfare was bad enough - with fender keyings, grafetti and various 
other obnoxious behavious that seems to target owners of expensive cars.

   My 911 had a fender key mark when I 1st bought it and I rememebr 
thinking how sad someone must be to take their failings out on a car they 
cannot afford.  Now it's anger that I feel.  After all, the media and 
politicians push the "get the rich people" button as often as they push the 
race button.

   I wonder if we'll face public stonings when we go for a drive?  No 
telling what will happen when these socialist ideas fail and the politicians 
look for someone to blame.

LarryT

https://www.nrahq.org/nrabonus/accept-membership.asp

Free 1 year NRA membership to anyone interested!

----- Original Message ----- 
From: "Charles Perry" <charles [at] carolina-sound.com>
To: "Larry Turner" <l02turner [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Thursday, May 14, 2009 5:58 PM
Subject: Re: [Ferrari] NFC.Credit card BS


I don't think any of this is "without notification." About once a week I get 
a mailing from some credit card company detailing changes to the plan.

Unfortunately, the mailings often look like junk mail or solicitations, so 
I'm sure most people just throw them out, and even the people that open them 
probably don't read them. If you don't cancel the card after receiving one, 
you're assumed to have accepted the change.

Like Larry, I don't think it's unethical since the consumer is always free 
to either not run up their balances or take their balances to a competing 
card. I can't say I'm happy about it when it happens to me, and I'm sure 
there are plenty of people who are less money-savvy than those on The List 
that can feel victimized by the changes, but my fallback opinion is always 
the same - barely anyone takes personal responsibility seriously in this 
country anymore. It's your job as a consumer to be at least rudimentally 
educated about the terms of contracts you enter into, whether it's a 
mortgage or a car lease or letting Visa buy you a huge flat-screen TV.

To be sure, I always fear the government's taxation a lot more than I ever 
fear American Express'. It's easy to change credit cards - it's much more 
difficult to change countries. And sadly, to paraphrase, the case seems to 
be, "a Government big enough to give everyone else what they want is big 
enough to take everything I earned."

:-/

-- charles

_______________________________________________


Charles G Perry IV
Vice-President, Engineering

Carolina Sound Communications - MuzaK
7630 Southrail Road, BLDG B
N. Charleston, SC 29420
(843) 571-4488         www.carolina-sound.com
_______________________________________________


-----Original Message-----
From: Michael James [mailto:cavallino_rapante [at] yahoo.com]
Sent: Thursday, May 14, 2009 3:51 PM
To: Charles Perry
Cc: The FerrariList
Subject: Re: [Ferrari] NFC.Credit card BS

True enough, so long as the CC companies are forbidden to change the rules 
as they see fit mid-contract, which they are currently allowed to do by law 
and often exercise to increase the number of fees, their amount, penalties 
incurred, etc. As it stands today, the credit 'contract' is a living 
document with zero input or protection-for the card-holder. On occasion, 
such contract 'changes' take place without notification to the card-holder - 
it just shows up on your monthly balance - pay, or else. I'm not aware of 
any other 'Contract Law' that would legally allow this behavior in other 
sectors of the economy. Perhaps Bernie Madoff should have been a Credit Card 
issuer instead?

M

--- On Thu, 5/14/09, LarryT <l02turner [at] comcast.net> wrote:


From: LarryT <l02turner [at] comcast.net>
Subject: Re: [Ferrari] NFC.Credit card BS
To: "Michael" <Cavallino_Rapante [at] yahoo.com>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Date: Thursday, May 14, 2009, 3:04 PM


Hey TOL! Howya doing?

re the CC % rates - Nope - more govt regulation is not needed - altho we 
might get it, want it or not - need it or not. We were just lookng for a 
solution to a 30% interest rate. Regardless what the fine print says, if the 
% goes up we have a right to take our business elsewhere - nothing more than 
that. True, we agreed to the provisions in the tiny writing (often without 
fully reading or understanding it) but I suspect most of us would not think 
we would make out payments late. The CCs I have allow 2 late pymts before 
they bump the % rate but each one is different.

Not saying a company should not write *anything* they want into the 
legalese - but we still have the ultimate right to walk. Or drive as we 
prefer. ;-)

Have a nice day!
LarryT

https://www.nrahq.org/nrabonus/accept-membership.asp

Free 1 year NRA membership to anyone interested!

----- Original Message -----
From: "Larry B" <larrybard [at] hotmail.com>
To: "Larry Turner" <l02turner [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Thursday, May 14, 2009 1:36 PM
Subject: Re: [Ferrari] NFC.Credit card BS


> Nothing personal, and I probably shouldn't chime in here, but: What
> exactly is so terribly unethical about a credit card company taking action
> as previously disclosed in the contract with the credit card holder? I
> was under the impression that these business relationships were
> voluntarily entered into by both parties.
>
>
>
> I guess we may be headed towards more government regulation in this
> area -- with the feds dictating (putting aside their legal authority to do
> so) that interest rate changes are restricted as to amounts, timing, etc.
> Gee, I wonder what that will do to the regular interest rates charged
> everyone else; think they might go up? At least it's all academic for
> me -- I never incur any finance charges.
>
>
>
> (Now where's my flak jacket?)
>
> > Date: Thu, 14 May 2009 09:11:45 -0700
> > From: cavallino_rapante [at] yahoo.com
> > Subject: Re: [Ferrari] NFC.Credit card BS
> > CC: ferrari [at] ferrarilist.com
> > To: larrybard [at] hotmail.com
> >
> > If Credit Card companies were even-the-slightest-bit ethical, the Govt.
> > wouldn't be considering Credit Card legislation currently. As-witnessed,
> > this is legalized extortion. Granted, Banks make huge profits from such
> > activities, and they need every profit-making avenue available to them to
> > crawl out of the hole they dug for themselves, but I fail to see how a
> > 3-day-late payment qualifies for a 21% APR increase....is this Capitalism
> > at its finest? Or larceny?
> _________________________________________________________________
> To unsubscribe or modify your subscription options, please visit:
> http://lists.ferrarilist.com/mailman/options/ferrari/l02turner%40comcast.net
>
> Sponsored by BooyahMedia.com
> and F1 Headlines
> http://www.F1Headlines.com/

_________________________________________________________________
To unsubscribe or modify your subscription options, please visit:
http://lists.ferrarilist.com/mailman/options/ferrari/cavallino_rapante%40yahoo.com

Sponsored by BooyahMedia.com
and F1 Headlines
http://www.F1Headlines.com/




_________________________________________________________________
To unsubscribe or modify your subscription options, please visit:
http://lists.ferrarilist.com/mailman/options/ferrari/charles%40carolina-sound.com

Sponsored by BooyahMedia.com
and F1 Headlines
http://www.F1Headlines.com/
_________________________________________________________________
To unsubscribe or modify your subscription options, please visit:
http://lists.ferrarilist.com/mailman/options/ferrari/l02turner%40comcast.net

Sponsored by BooyahMedia.com
and F1 Headlines
http://www.F1Headlines.com/