No credit card...what to do

Laws against usury have become less common in recent years. I don't even know if there are any left, because the growth of interstate banking makes them less relevant. But in the past, it has been possible to be sent to jail for charging usurious interest.

As I read the Massachusetts law, you can't charge more than 20% unless you're subject to other regulations concerning interest rates (e.g. banks) or give the attorney general's office advance notice. The latter seems to make it trivial to avoid this limit on interest rates.

The usual IANAL disclaimer applies.

That's a really horrible acronym, you know?

no way ?, various alternate's have been presented

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I've been reading em too. Sheesh nothing like being bombarded with negative reactions to a personal opinion. You ask for help and they all through rocks at you. I think I even seen a few carrying torches and pitch forks.

I hope the western union suggestion that I told you about helps. My debit card is just an ATM card. It doesn't have any kind of credit card logo on it. Why? Because some of us here in the US still live in small towns that have credit unions that aren't all techy'ed up just yet.

I don't have a CC either. Don't see a use for them, If i can't afford it, I don't need it. I don't even have a check book. It's a hassle. I pay cash or use the western union card for ordering/paying online.

There is no way (that he is willing to use.)

Ehem yes there is and yes he is.

I suggested earlier in this post to get a western union prepaid card (its your own money) and he said he checked into it.

Shortly after the freebie accounts were initiated there WAS a loophole that let NPIOF accounts that made enough L$ in world sell them and pay premium with it. That loophole was closed about a year ago and retroactive action taken. One of my family had gone that route and when it came time to renew her annual premium she was forced to put Payment info on file and charge to it or lose premium.

Are they free? or do you pay extra for the privilege of using it? because if you pay extra for the privilege of using it, it is TEH EVOL. (a credit card)

There is a $3.95 fee each time you place money on your card. But it's still not adding interest etc.

Unless you are a trust fund baby and can pony up cash for anything, most people need to establish credit so they can buy a house. A person with no credit history is not going to qualify for thousands of dollars in a loan, much less tens or hundreds of thousands, to buy a house. A history of responsible use is what is important. No one has to be a slave to the credit card, but some people like living beyond their means, credit card in hand or not.

Poultry... heehee.

"Buying a house"? And there I was thinking that _I_ was old... "renting one in perpetuity from the bank" is a concept I have heard of, I suppose.

When I just looked at the site just now it says a fee of $14.95 plus additional fees for most transactions. Far more expensive than a credit card. Oh and there is also a user agreement similar to a bank card, which would effectively make the user "slave" to a bank. In fact it is a bank card as it is administered by BankFirst, a bank. (teh ev0l)

Each cash withdrawal will be charged a Cash Withdrawal Fee of $ 2.00.

* If you use an ATM not owned by us for any transaction, including a balance inquiry, you may be charged a fee by the ATM operator even if you do not complete a withdrawal.
* A fee of $2.00 will be assessed for each paper statement requested.
* There is a Monthly Account Maintenance Fee of $4.95 per month while the Card is active and has a positive balance. If the balance of the Card is less than $4.95, the balance of the Card will be applied to the fee.
* A $2.00 fee may be assessed per call for live customer service assistance.
* A $10.00 Account Liquidation Fee will be assessed if a check is issued for funds in your Card Account.
* There is a Non-refundable Card Activation Fee of $14.95.

You mean to tell me that there are people out there who aren't? Wow. Faints. I'm chucklin' I have credit & have had CC before. I just decided one day 8 years ago that the items I buy on sale with a CC aren't on sale after all. By the time you pay off the bill you've paid more for the item than the price before the sale. hahah I hope that made sense.

Well hmmm when I got my card I didnt pay much for an activation fee. I don't pay a monthly fee either. Mine must be different from the one they offer now.

Well he started it by generalising and posting we were wrong first

Must be. but the one they offer now seems to have even more fees than a credit card, and the associated fees seem to be his objection.



Credit is a tool. You can use it skillfully to improve your life as a woodworker would carve a beautiful sculpture or you can use it clumsily and get nailed to the wall.

Difference is the bank doesn't care if you decide to knock a wall out and build a BBQ area to your liking, many landlords have a problem with this sort of thing if not done the way they like.
Also like SL mainland, the bank isn't going to decide to change his finacial investments by selling the house out from under you.

All I can say is YIKES glad I don't have that one.

The banking system in the UK has far more in common with the US than the Czech Republic.

It's a pity Linden Lab don't team up with organisations like PayNova, UKash, paysafecard and paybycash, etc., etc. That's how MMOG's like Entropia Universe like to relieve credit-card shy Europeans of their money.

I mean, I don't have a problem paying with credit cards because that's how I seem to have paid for pretty much everything over the past decade, but yanno, I'd think a business like LL would want to make as many payment options available as possible -- particularly given their international user base and all their little quirks.

No, they just sell the loan servicing to someone else, who may sell portions of the rights to the loan to others, until no one can tell who owns what and we have the subprime mortgage crisis.

What you say: I have a moral objection to credit cards.

What Linden Labs hears: I'm fourteen and my dad won't loan me his.

Which brings us to the phenom called "Linden Sense" If it makes sense, it wouldn't be implemented by a Linden.

That is how this and similar financial services work. They realise that they are catering to a group who have little other choice, so they ratchet up fees for everything. Rather like loansharking but without the risk to one's kneecaps.

QFT!