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Across the Fence:  Charge card+Thrift store=Bad credit  |
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aunt boby
True Blue Farmgirl
173 Posts
toby
polo
illinois
USA
173 Posts |
 Posted - Jul 25 2009 : 07:49:34 AM
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Did anyone catch this on NBC nightly news last week? Apparently some credit card companies are stereo typing people that shop at thrift stores. They say the type of people that shop at these stores are more likely to be delinquet on credit card bills. Using your card at these stores can give you a bad credit score. Congress is suppose to be working on this practice. I almost fell of my chair when I heard this story. With the economy the way it is, people are getting penalized for trying to save a buck. Someone I know buys things second hand and sells then on her Ebay store. She will no longer use her card at thrift stores. What's this country coming to?
POOR IS THE MAN WHO CANNOT ENJOY THE SIMPLE THINGS IN LIFE- anonymous |
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peapicker
True Blue Farmgirl
716 Posts
texas
USA
716 Posts |
Posted - Jul 25 2009 : 07:57:47 AM
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| This country is going into a very scary place in my opinion. The sensible, responsible people don't have a chance if things don't stop the direction they are going. I don't care about a credit score, because I would rather live in tent than take out a loan. I know there are a lot of people who don't have the choices that I have right now and I feel for them. I am not raising a family for one and don't have to worry about the comfort and care of children full time. I think credit reporting co. and credit card co. are the axis of evil. |
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Tidy Aprons
True Blue Farmgirl
99 Posts
Oney Farmgirl #638
Colorado
USA
99 Posts |
Posted - Jul 25 2009 : 08:09:21 AM
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Ridiculous. Utterly ridiculous. Did I mention I think this is ridiculous?
~Oney~
"There's something a little holy in taking care of the places we inhabit, in summoning sheen. And there's a power in watching over our spaces, the rooms we move within, the sets where our life stories unfold." ~Lori Hall Steele |
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dutchy
True Blue Farmgirl
4427 Posts
4427 Posts |
Posted - Jul 25 2009 : 08:13:07 AM
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That is just ridiculous! People shopping at the thrift are just as good or bad as any other!!
There used to be something like that here too. Not about credit cards and credit score. But people who lived in certain parts of a certain town were not allowed to order from a clothing co. They would not be delivered to that address. That is so stupid ImO! What about if someday those rules would be applied to people wearing glasses, or people with red hair. What if they would have a bad name just because.... I would be in trouble, lol, I am wearing glasses and have red hair
Hugs from Marian/Dutchy, a farmgirl from the Netherlands :)
My personal blog:
http://just-me-a-dutch-girl.blogspot.com/
Almost daily updates on me and mine :)
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Forrester Farm
True Blue Farmgirl
703 Posts
Ann
Belmont
MI
USA
703 Posts |
Posted - Jul 25 2009 : 08:15:58 AM
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Isn't it interesting the judgments that are made? Thrift store shopping = irresponsible person VS Thrift shore shopping = wise spender. The truth is, our country is dependent on consumerism and credit. It is a sad state of affairs. I'd be more concerned about the person who is always using their credit card at the mall.
Ann
Forrester Farm
www.forresterfarm.com
www.forresterfarm.etsy.com |
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Tidy Aprons
True Blue Farmgirl
99 Posts
Oney Farmgirl #638
Colorado
USA
99 Posts |
Posted - Jul 27 2009 : 07:04:38 AM
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Amen Ann!
~Oney~
"There's something a little holy in taking care of the places we inhabit, in summoning sheen. And there's a power in watching over our spaces, the rooms we move within, the sets where our life stories unfold." ~Lori Hall Steele |
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Alee
True Blue Farmgirl
22941 Posts
Alee
Worland
Wy
USA
22941 Posts |
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FebruaryViolet
True Blue Farmgirl
4810 Posts
Jonni
Elsmere
Kentucky
USA
4810 Posts |
Posted - Jul 27 2009 : 07:26:19 AM
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They are judging the same for groceries and gasoline (which is ODD, since so many food chains and gas stations have their own cards!). Now, having said that, I do think it's odd to use a credit card at a thrift store because things are so inexpensive. I wouldn't charge $10.00, would you? Now, if I forgot all my cash, and checks and they accepted a credit card and I couldn't live without my $10.00 thrift items, maybe....but typically, no.
I do, however, find it frustrating that your purchases are even EVIDENT to anyone EXCEPT the credit card companies!!?? I have one card that I use for travel...I guess that's an acceptable use? WHO ASKED THEM?????
Musings from our family in the Bluegrass http://sweetvioletmae.blogspot.com/ |
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Amy Warwick
True Blue Farmgirl
102 Posts
Amy
Oakesdale
WA
USA
102 Posts |
Posted - Jul 27 2009 : 07:31:51 AM
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Thanks for this post. I love going to the thrift store and since I am self employed I have to keep meticulous accounts of my spending. They don't take checks at the thrift stores around here, so I always use my debit/credit card. I'm not sure if they rate debit the same way, but I have to use something other than cash in order to keep easier track of my spending. I have always loved supporting the thrift stores by donating items and buying from other items from them. With all of the waste in this country I cannot see buying new. I tell my kids its recycling! They love it too.
Thanks again!
For information on SUMMER SNOW please visit www.amywarwick.com
It is the mark of an educated mind to be able to entertain a thought without accepting it ~Aristotle
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Diane B Carter
True Blue Farmgirl
1270 Posts
Diane
Blasdell
N.Y.
USA
1270 Posts |
Posted - Jul 27 2009 : 07:34:41 AM
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Thats what I use. It's a depit card so you need a pin # to use it and it comes right out of my checkbook the same day. So I always have the balance right. The thrift store likes them as they don't have to deal with money and it's sometimes quicker.
Hope all your days are Sunnydays.
dianebcarterhotmailcom.blogspot.com |
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catscharm74
True Blue Farmgirl
4687 Posts
Heather
Texas
USA
4687 Posts |
Posted - Jul 27 2009 : 07:43:14 AM
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This is just another way to scare people into going into debt for material goods they don't need. The people who shop thrift shops are probably the one's who are responsible and are the hardworkers who watch their pennies, contribute to the local economy and support the local people. Also, it is an environmentally sound choice and reduces the stress on all resources. My thrift store only takes cash but I think basing truthsworthiness and ability to pay on where someone is shops in a type of profiling. I would love them to take that up with my old neighbor in CT, who dumpster dived and shopped thrift and retired a multi-millionaire.
Heather
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catscharm74
True Blue Farmgirl
4687 Posts
Heather
Texas
USA
4687 Posts |
Posted - Jul 27 2009 : 07:46:53 AM
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Oh..I also wanted to say, the CC companies have lost a lot of money this year, with people being more frugal and aware. Just like Bank Of America LOWERING my cc limit because I haven't used it and screwing up my credit card score because they are mad because I am not using it. It is all about control and making money I darn refuse to be penalized for doing the RIGHT thing, whether paying down my cc's or shopping thrift.
Heather
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Nancy Gartenman
True Blue Farmgirl
9093 Posts
Nancy
West Seneca
New York
USA
9093 Posts |
Posted - Jul 27 2009 : 07:49:49 AM
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Hey!!! they can't talk about ME that way. I always pay cash, but I see all kinds of people when I'm in there and they don't look any different then the people at the grocery store.
www.Nancy-Jo.blogspot.com |
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1930sgirl
True Blue Farmgirl
233 Posts
Joyce
Alberta
Canada
233 Posts |
Posted - Jul 27 2009 : 08:26:43 AM
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What? Unbelievable!!
What will the credit card companies come up with next? Anything...to get more money out of people. UGH! Wouldn't you think the huge interest rates they charge would be enough!
Joyce |
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katmom
True Blue Farmgirl
17161 Posts
Grace
WACAL Gal
WashCalif.
USA
17161 Posts |
Posted - Jul 27 2009 : 09:56:20 AM
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It amazes me that if you want, the C.C. Co. can send you a detailed list of your spendings not to mention share your info to/w companies of interest...ex: if you purchase a lot of your travele expense via a C.C.,,,shortly you will be receiving tons of travele/hotel type junk mail.....
The C.C. Co & banks say they do not share your info except to their own subsidraries....well guess what! they have tons of subsideraries!
I usually pay cash or Debit at the local thrifts but how dare they pigeon-whole a consumer because of where s/he shops!
Ann~Forrester Farm...I like your comment....
>^..^< Happiness is being a katmom.
"I've never met a sewing machine I didn't like!"
www.katmom4.blogspot.com & http://www.graciesvictorianrose.blogspot.com
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jinia
True Blue Farmgirl
152 Posts
jinia
mo
USA
152 Posts |
Posted - Jul 27 2009 : 2:35:49 PM
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I was just talking to my husband about using cash for everything except bills that we have to mail after a recent bank mixup . I kindof hate that the bank can see every little purchase I make and apparently others can as well. Thanks for this post! |
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knittingmom
True Blue Farmgirl
665 Posts
AnneMarie
Edmonton
Alberta
Canada
665 Posts |
Posted - Jul 27 2009 : 4:29:33 PM
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Surely you jest? That's ridiculous!!!
Will these credit corporations stoop any lower. Many hard working, honest people shop at thirft stores, not only is it economical but it's very stewardship minded to reuse.
I think these corporations are getting nervous that more and more people are opting for a more frugal lifestyle instead of the "put it on credit and then forget it" mentality.
"There is no foot so small that it cannot leave an imprint on this world" |
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prariehawk
True Blue Farmgirl
2914 Posts
Cindy
2914 Posts |
Posted - Jul 27 2009 : 4:39:38 PM
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Hmm, this has me rather concerned. I just returned something that didn't fit at a mall store and I'd paid for it with a debit card (I have two debit cards). I couldn't remember which debit card I'd used, so I asked the cashier, and she VERY LOUDLY rattled off the last four digits of my debit card. I almost said something to her but she seemed so oblivious that I doubt it would have done any good. But I left there growling to myself and swearing never to shop at a mall again. On another occasion, at a grocery store, the cashier left a slip with the last four digits of my debit card laying on the belt, for the next person to see. I said something to her about it, and she nonchalantly replied that it didn't matter, cause it was only the last four numbers. Well, it DOES matter, and I was ticked off and told her if she ever did that again, I would talk to her manager. You have to be really careful even if you use a debit instead of a credit card. It's almost easier just to pay cash for everything. It really is a scary world--to some person in a city far, far away, I'm just a credit score.
"Dog is my co-pilot"
Visit my blog at http://www.farmerinthebelle.blogspot.com/ |
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goneriding
True Blue Farmgirl
1599 Posts
Winona
Central Oregon
USA
1599 Posts |
Posted - Jul 27 2009 : 5:25:03 PM
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Yep, also I heard that if you retread your tires, instead of buying new ones. There was something else but I can't remember it.
I only have a debit card or use cash. I don't even write checks. I like living below the radar. :-)
Winona ;-)
To read funny stories about my cooking 'skills', please visit http://lostadventuresincooking.blogspot.com/
For uber-opinionated, pleasurable horse related reading, please visit http://horseinfoperson.blogspot.com/
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Bear5
True Blue Farmgirl
13055 Posts
Louisiana/Texas
USA
13055 Posts |
Posted - Jul 27 2009 : 5:31:27 PM
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We should all cut our credit cards. Maybe keep one for emergencies. Really.
Marly
"It's only when we truly know and understand that we have a limited time on earth- and that we have no way of knowing when our time is up- that we will begin to live each day to the fullest, as if it was the only one we had." Elisabeth Kurler-Ross |
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harmonyfarm
True Blue Farmgirl
785 Posts
Debbie
Southeastern
Ohio
USA
785 Posts |
Posted - Jul 28 2009 : 07:08:41 AM
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A local chain grocery store near here has this "card" you have to use to be able to get sale items at sale prices. When you swipe your card, it let's this store know everything you buy and what time of day you do your shopping. So, hypothetically, if I buy a gallon of wine a week, does this send out a red flag that I may be a drunk? I really don't want people knowing my spending habits, but this store has an excellent selection of quality food at great prices. So there is the dilema.
Debbie
"If you can't find the time to do it right...how will you find the time to do it over" |
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Suzan
True Blue Farmgirl
659 Posts
suzanne
duncannon
pa
USA
659 Posts |
Posted - Jul 28 2009 : 08:34:57 AM
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| I heard about this, and it's not only the thrift stores, but Walmarts etc that can lower your score... |
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Across the Fence: Charge card+Thrift store=Bad credit |
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Charge card+Thrift store=Bad credit
