eally interesting short documentry I watched last year.

PBS has the entire thing streaming in high quality from their site, definitely worth checking out if you want to see kind of how fucked up the CC industry can be.

http://www.pbs.org/wgbh/pages/frontl...s/credit/view/

example....in your credit card agreement, the issuer can change or modify the interest rate for any number of ridiculous reasons, including if you miss a single payment, with ANOTHER credit. late with a car payment and Visa can change your 6% interest rate to 15% automatically because its all agreed upon in the ridiculously long CC contracts.

anyways,
check it out.

i'll watch it when i get a chance. probably on the weekend or tomorrow night.

cool.

the stream is pretty good too, quality is high enough to watch full screen.

I fucking hate credit cards. Everyone's obsessed with using them and it sickens me, for some reason.

I'd like to see this documentary but I doubt it'd be available here, and my connection's too shitty to watch on the internet.

i never had a credit card in my life.

why oh why weren't they showing these documentaries on pbs while i was working at the daycare though. it would've been way more interesting than fucking arthur.

Fascinating stuff. I think it's all a bit more above board here in the UK but there are definitely some cards here that have insane interest rates from the get-go (store cards are bad for this). Banks can also charge their interest in a rather unfair way here, but not all of them do (it's a complicated thing to explain, but I will if anyone's interested).

There's just so much a person has to look into here if they want to get the best deal. I don't think a bank can whack up your interest rate if you default on your payments to them or other creditors, but obviously it will affect your ability to get credit in the future. And, while they can change the terms of your contract with a short notice period as in the US, those changes are across the board and wouldn't apply to just one customer. Interestingly enough, I've found one similarity with the US in that I use a card which had an initial introductory rate of 0% and, after that period ended, they started charging the full rate of interest on the entire balance rather than just new spending on the account. I didn't expect otherwise, but it does strike me as unfair now that I have seen that documentary.

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Il se met à pleuvoir. L'homme n'ouvre pas son parapluie et l'autre lui demande pourquoi.
- Parce que ça ne servirait à rien, lui répond son ami. Il est plein de trous.
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