True, but what of the long term cost? If we all hand over our privacy and terabytes of personal information to a single company?

Its dangerous

They can have my porn data. ^^

So you think an open market would allow them to still take our data?

it wouldn't

every additional thing they did would be subject to a contract

I mean, I don't know if you are aware to the extent the banks and CCs have been breaking the law and gettign away with it

By law, they are required to keep a pen and ink copy of the contract you signed when you first got the card. You can then send a request by mail to review that contract at any time

But today, no credit card company KEEPS contracts

Cause that would hold them responsible as well

Look out, MA's setting out into pseudolegalese

My advice to anyone is, don't hand over your income to credit card companies.

they instead try to play off the ASSSUMPTION that because you paid a previous bill, you must pay the next

Instead budget and save

mine too, but the point is they are breaking the law

Income = prosperity

not if they can just take it when you piss them off

and the more we just let them normailze breaking the law, the worse it gets

Hmmm. yes

MA, this is the sort of legal arguments been used by people fighting bailiffs and stuff. All that ends up happening is the judiciary do some interpretting in light of modern reality and your argument becomes irrelevent

incorrect

I once challenged a card on the basis of the contract

all that'll happen if there becomes a to-and-fro is the law gets changed

they threw it out

Just dont ever, ever get into that kind of situation then.

@Mikey

that is very naive

why u ping

sometimes people can't avoid getting into certain situations

That's why you save an emergency fund of 6-12 months of monthly expenses

and if they want to fuck u, they can PUT you into those situations

You pinged me

@JackH670

you don't seem to grasp the problem.

@ebinmemes22

say u have 12 month cash saved up

and then when shit happens you cannot GET to that cash

cause they just close your account for no reason

you should have some cash

and if you have more than 2k cash on you or at home, they can TAKE IT