Write A Check Today And Pay It Off Later

Mike(VA) · 03-11-2009, 06:56 AM

Blatant rant!

It seems about every 30-45 days, Chase (who I have a cc with) sends me a nice little letter in a statement-looking envelop. Included are about 10 checks that I can write against my card and use the money for whatever. Pay it off over time, at my current rate of 22+ %. I pay my card off every month so I don't care about the rate, but I thought all banks were hard up. We need to cut back on credit, they say. Banks have no money to lend, they say. We are going green and we help the environment, Chase says.

I've tried to get Chase to stop sending me the checks, nope. Just think of the money they are spending to send these out; the return must be significant. Anyone else getting plastered with this stuff?

And don't even mention Capitol One.

EricTheHandyman · 03-11-2009, 07:48 AM

I think every card company sends these out--I make a bee line for the shredder before the wife gets hold of 'em!

Celtic · 03-11-2009, 08:04 AM

Quote:

Originally Posted by Mike(VA)

... current rate of 22+ %.
...... the return must be significant.

It is.

Some CC's are at 29.99% for those "convenience" checks.

IMHO, the rates mentioned are "unconscionable"....

RobertCDF · 03-11-2009, 11:26 AM

I think if its like capital one we can teach them a lesson. If they are stolen you are not responsible... so drive down to the bad part of town and drop them. If everyone did that I bet they would stop sending checks. Yeah its a pain to deal with but just tell them "Well they are in my mailbox nearly every day, what did you expect to have happen? Someone was bound to steal them sooner or later"

Celtic · 03-11-2009, 11:54 AM

Quote:

Originally Posted by RobertCDF

I think if its like capital one we can teach them a lesson. If they are stolen you are not responsible... so drive down to the bad part of town and drop them. If everyone did that I bet they would stop sending checks. Yeah its a pain to deal with but just tell them "Well they are in my mailbox nearly every day, what did you expect to have happen? Someone was bound to steal them sooner or later"

...and when Capitol One - or whatever institution - has to make good on these bad checks, who pays?
- The "thief"
- The store
- The institution
- The consumers as a whole

thom · 03-11-2009, 12:03 PM

Quote:

Originally Posted by Celtic

...and when Capitol One - or whatever institution - has to make good on these bad checks, who pays?
- The "thief"
- The store
- The institution
- The consumers as a whole

Don't worry about that, we will bail them out.

dubz · 03-11-2009, 01:05 PM

Open those envelopes and stuff all of it back in the postage paid return envelope that comes with it and send it back.

Mike(VA) · 03-11-2009, 03:54 PM

I've got to open the envelopes as they look just like the statements. On the other hand, Verizon seems to change their statement envelop style every month and they make it look like junk mail. I think they do that on purpose so that a percentage of people throw it out. Bingo, late charges. Sneaky SOB's no wonder I trust no one!

Celtic · 03-11-2009, 05:05 PM

Quote:

Originally Posted by Mike(VA)

Included are about 10 checks that I can write against my card and use the money for whatever. Pay it off over time, at my current rate of 22+ %. I pay my card off every month so I don't care about the rate, but I thought all banks were hard up.

I'd be a little ticked off about that rate - even though you do pay it off every month....all the more reason they should lower it.
22+% ? Like your the common deadbeat

Mike(VA) · 03-11-2009, 05:11 PM

Celtic, been there; still paying for it.

Crock · 03-11-2009, 05:13 PM

Quote:

Originally Posted by Celtic

...and when Capitol One - or whatever institution - has to make good on these bad checks, who pays?
- The "thief"
- The store
- The institution
- The consumers as a whole

Chuck Norris pays all of this countries bad debt.

**ChrWright** · 03-11-2009, 06:01 PM

The tears of Chuck Norris would supply enough liquidity to solve the credit crisis. Too bad he never cries.

Chuck Norris doesn't supply collateral, only collateral damage.

Celtic · 03-11-2009, 06:04 PM

Quote:

Originally Posted by ChrWright

Chuck Norris doesn't supply collateral, only collateral damage.

You're dam right

**Tinstaafl** · 03-11-2009, 07:33 PM

Celtic, I'm ashamed of you. No special sig yesterday, the day Chuck Norris turned 69?

RobertCDF · 03-11-2009, 07:51 PM

Quote:

Originally Posted by Celtic

I'd be a little ticked off about that rate - even though you do pay it off every month....all the more reason they should lower it.
22+% ? Like your the common deadbeat

That is actually what the CC companies call people who pay off the balance in full every month. They make no money on you.

Framer53 · 03-11-2009, 08:27 PM

Quote:

Originally Posted by RobertCDF

That is actually what the CC companies call people who pay off the balance in full every month. They make no money on you.

Except the 3-6% they charge merchans for accepting them. They make a lot more if you revolve, but if you don't, what do they care!

IHI · 03-11-2009, 08:40 PM

What are credit cards??? Best way to get back at'em...get rid of all that toxic ****, you either have the money to get what you want or you dont...if you dont, work harder, save better.

Dustyrose · 03-11-2009, 09:23 PM

Quote:

Originally Posted by dubz

Open those envelopes and stuff all of it back in the postage paid return envelope that comes with it and send it back.

I used to do that with credit card offers. Tear the garbage into shreads then return it in their post paid envelopes.

03-11-2009, 06:56 AM	#1
Mike(VA) View Profile Mike(VA) Custom Stuff Send Message Follow Blogs (0) Threads (859) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Custom Stuff Trade: General Contractor - Custom Renovations Join Date: Jan 2008 Location: Manassas, VA Posts: 859	Write A Check Today And Pay It Off Later Blatant rant! It seems about every 30-45 days, Chase (who I have a cc with) sends me a nice little letter in a statement-looking envelop. Included are about 10 checks that I can write against my card and use the money for whatever. Pay it off over time, at my current rate of 22+ %. I pay my card off every month so I don't care about the rate, but I thought all banks were hard up. We need to cut back on credit, they say. Banks have no money to lend, they say. We are going green and we help the environment, Chase says. I've tried to get Chase to stop sending me the checks, nope. Just think of the money they are spending to send these out; the return must be significant. Anyone else getting plastered with this stuff? And don't even mention Capitol One. __________________ __________________________________________________ ___________ I EXPECT THAT SOMEDAY I WILL SEE THE FRUITS OF MY LABOR. IS IT SOMEDAY YET? Clifton, Great Falls, McLean, Fairfax Station, Manassas, Virginia Renovation Contractor

03-11-2009, 07:48 AM	#2
EricTheHandyman View Profile EricTheHandyman Allrounder Home Services Send Message Follow Blogs (0) Threads (464) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Allrounder Home Services Trade: Painting, Remodeling, Handyman Join Date: Jan 2008 Location: Twin Cities, MN Posts: 464	Re: Write A Check Today And Pay It Off Later I think every card company sends these out--I make a bee line for the shredder before the wife gets hold of 'em! __________________ Bathroom Remodeling in Inver Grove, Eagan, Mendota, & Woodbury Kitchen Remodeling in Inver Grove, Eagan, Mendota, & Woodbury Deck Builder in Inver Grove, Eagan, Mendota, & Woodbury Handyman Service in Inver Grove, Eagan, Mendota, & Woodbury

03-11-2009, 11:26 AM	#4
RobertCDF View Profile RobertCDF Pro Send Message Follow Blogs (0) Threads (4,320) Photos (0) Reviews (0) Projects (0) Toolbox (8) View All Activity Pro Trade: Custom deck builder Join Date: Aug 2005 Location: Colorado Springs, Colorado Posts: 4,320	Re: Write A Check Today And Pay It Off Later I think if its like capital one we can teach them a lesson. If they are stolen you are not responsible... so drive down to the bad part of town and drop them. If everyone did that I bet they would stop sending checks. Yeah its a pain to deal with but just tell them "Well they are in my mailbox nearly every day, what did you expect to have happen? Someone was bound to steal them sooner or later" __________________ Robert Shaw Colorado Springs Custom Decks Colorado Custom Decks Custom Composite Decks

03-11-2009, 01:05 PM	#7
dubz View Profile dubz Pro Send Message Follow Blogs (0) Threads (290) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Pro Trade: General Contracting Join Date: Sep 2008 Location: Northwest Hills of CT Posts: 290	Re: Write A Check Today And Pay It Off Later Open those envelopes and stuff all of it back in the postage paid return envelope that comes with it and send it back. __________________ http://brianwilsonconstruction.net

03-11-2009, 03:54 PM	#8
Mike(VA) View Profile Mike(VA) Custom Stuff Send Message Follow Blogs (0) Threads (859) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Custom Stuff Trade: General Contractor - Custom Renovations Join Date: Jan 2008 Location: Manassas, VA Posts: 859	Re: Write A Check Today And Pay It Off Later I've got to open the envelopes as they look just like the statements. On the other hand, Verizon seems to change their statement envelop style every month and they make it look like junk mail. I think they do that on purpose so that a percentage of people throw it out. Bingo, late charges. Sneaky SOB's no wonder I trust no one! __________________ __________________________________________________ ___________ I EXPECT THAT SOMEDAY I WILL SEE THE FRUITS OF MY LABOR. IS IT SOMEDAY YET? Clifton, Great Falls, McLean, Fairfax Station, Manassas, Virginia Renovation Contractor

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03-11-2009, 05:11 PM	#10
Mike(VA) View Profile Mike(VA) Custom Stuff Send Message Follow Blogs (0) Threads (859) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Custom Stuff Trade: General Contractor - Custom Renovations Join Date: Jan 2008 Location: Manassas, VA Posts: 859	Re: Write A Check Today And Pay It Off Later Celtic, been there; still paying for it. __________________ __________________________________________________ ___________ I EXPECT THAT SOMEDAY I WILL SEE THE FRUITS OF MY LABOR. IS IT SOMEDAY YET? Clifton, Great Falls, McLean, Fairfax Station, Manassas, Virginia Renovation Contractor

03-11-2009, 06:01 PM	#12
ChrWright View Profile ChrWright Builder/Remodeler Send Message Follow Blogs (2) Threads (3,563) Photos (0) Reviews (0) Projects (6) Toolbox (0) View All Activity Builder/Remodeler Trade: Builder/Remodeler Join Date: Jul 2007 Location: Indianapolis, Indiana Posts: 3,563	Re: Write A Check Today And Pay It Off Later The tears of Chuck Norris would supply enough liquidity to solve the credit crisis. Too bad he never cries. Chuck Norris doesn't supply collateral, only collateral damage. __________________ Christopher Wright, CR: President @ WrightWorks, LLC/President @ Central Indiana NARI, Named to the 2010 REMODELING Big50 www.WrightWorks.net - Facebook - Twitter - Carmel Remodeling Indianapolis Kitchen Remodeling Contractor - You Can Get There From Here

03-11-2009, 07:33 PM	#14
Tinstaafl View Profile Tinstaafl Capra aegagrus Send Message Follow Blogs (0) Threads (9,780) Photos (1) Reviews (0) Projects (0) Toolbox (0) View All Activity Capra aegagrus Trade: Remodeler Join Date: Jan 2008 Location: Central Pennsylvania Posts: 9,780	Re: Write A Check Today And Pay It Off Later Celtic, I'm ashamed of you. No special sig yesterday, the day Chuck Norris turned 69?

03-11-2009, 08:40 PM	#17
IHI View Profile IHI Pro Send Message Follow Blogs (0) Threads (2,302) Photos (0) Reviews (0) Projects (0) Toolbox (0) View All Activity Pro Trade: General construction and remodeling Join Date: Dec 2004 Location: Waterloo, IA. Posts: 2,302	Re: Write A Check Today And Pay It Off Later What are credit cards??? Best way to get back at'em...get rid of all that toxic ****, you either have the money to get what you want or you dont...if you dont, work harder, save better. __________________ Hot Rod Work Van Car video clip Web The Photo Gear- Type Josh into Contact name when ordering

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