How do you destroy a credit card?
8 years ago
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- 8 years ago
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* Have You Ever Gotten Your Credit Card Account Numbers Stolen? *
Comments (14)I had a bunch of credit cards opened in my name some years ago. I had rental property and had a Centruy 21 agent manage it for me. Apparently, since the mortgage statement went to that office, so did a bunch of those free offers for credit cards. The receptionist opened the accounts got the cards, and just kept paying the minimum payments on the cards. It went on for over a year and was only discovered when she went away on her honeymoon and my agent started opening the mail with my name on it--a bunch of Visa bills with over $20,000 total charges! This girl had charged her whole wedding and honeymoon in my name! The hardest part was cancelling the cards--when I called Visa they wouldn't believe I was me because the girl had given them _her_ mother's maiden name, information of course that I could not supply! It was pretty stupid, really, she thought she would never be caught, said she every intention of paying off the cards eventually. Stupid criminal. Stupid credit card companies. We all paid for that one. And yes, I do check my credit report now!...See MoreAnyone Get a New Credit Card Lately? Gripe!
Comments (9)I have had a Visa card, (from the bank where I have banked for about 50 years.) I decided to try the Discover card, and stopped using the Visa. Recently I received a new Visa card in the mail, along with info about a fraud protection that would cost $10 a month. I didn't sign up for it, but it showed on my next statement. I went to the bank (I prefer eyeball to eyeball rather than phone calls.) They insisted I MUST have requested it. Also the new card had to be activated by phone, which I did not do, but I found out they had done that for me!! I finally convinced them to remove the monthly charge. I decided I would never use the Visa card again, but I kept it. It came in handy when I went to buy a fifty # bag of sunflower seed, and they didn't take Discover. Haven't used it since and won't go back there to get my Bird seed. I have liked the way Discover card handles things. Then, I got a mailing from them about a Wallet Protection for $3.99 a month. I didn't request that, but there it was on my statement last month. I emailed them saying I didn't request and please remove it. I got a reply right away which said they would remove it as of that day, but would begin "an investigation" into the matter and would go back over my history, which could take 4 months. It was time to pay my bill so I deducted the charge and paid it in full like I always do . Saturday I got a letter in the mail from Discover saying the matter was resolved and the charge was removed. I guess the lesson is: ALWAYS check your statements carefully. and if there is an error, stand up and don't allow yourself to be taken advantage of. I thought it was humorous that the 4 month investigation was done in two weeks! Still using my Discover card. Sue...See MoreHow many credit cards do you have?
Comments (29)I've had one major card for several years - almost always pay off balance due in full before the due date, resulting in no interest paid. I recently took out another at low rate on transfers for about nine months and planned to use it to pay for stock purchase, but haven't bought for a while, so the 1.9% rate period is winding down. The Line of Credit rate was about 4.25% a while ago, but then a new prime rate came out, lower ... but they tacked on a surcharge of 1.5% due to the economic slump, resulting in my rate becoming 5.0%, if I wanted to use it. Hi again Angela ID, What's the possibility of persuading your local financial institution (bank, credit union) to give you a loan to cover the balance owing on the card?? Their rate, even on an unsecured loan, will be a lot lower, I'm sure. Also, if you have a GIC, CD, bond, etc. ... including stocks' or mutual funds' certificates, an insurance policy, if you have "whole life" with built-up cash value, using them as collateral to undergird the loan will earn you a much reduced interest rate, as well, I expect. When you can build up some cash as a cushion, then use it to buy some investment assets, if you leave them with the bank/credit union as collateral for a Line of Credit, your rate will be quite low, almost certainly. Try to arrange one with no set-up fee, and no fee for periods in which it lies unused, even for substantial periods. I've done that, and when I have an emergency develop, I use the card to cover it, then draw on the Line of Credit to pay off the balance on the credit card just before due date, to avoid interest. I won't pay an annual fee for a credit card, either. Good wishes for getting that debt eliminated before too long, and at as low a rate of interest as possible, in the meantime. ole joyful...See Morecancel your credit card before you die!
Comments (8)I'm settling my mom's estate now. Obviously, in the original post here, there should have been no charges, since the account was 0 when the woman died, but the executor DOES have the responsibility of notifying anyone who has a financial interest. And it's pretty obvious that the credit card company needs to take a serious look at their practices and make a few revisions. But debts don't die with the person. Every will I've ever read includes the statement that the executor/executrix is charged with the responsibility of paying off all debts as quickly as possible, so it's perfectly reasonable for any creditor to ask for--and expect--to be paid what they are entitled to. Maybe I'm out of step here--but I've been calling everyone I can think of to find out if my mom OWED them any money when she died, and as soon as I find an unpaid bill, they get a check immediately. It's only been about 4 months, but it looks as if I've tracked down all the bills she owes--I don't see how it could take much longer, if the executor is on the ball. And at my accountant's urging I'll be disbursing to my brother and sisters this weekend. But don't get me started on jury duty--now THAT questionaire, I filled out with her new address (XXX Cemetary). I posted about that a few weeks ago. I did get a lovely letter back from the assignment judge, though--he's someone my family has known for over 50 years, and it was nice to touch base with him, even if it was over mom's inability to report to serve....See More- 8 years ago
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