Credit card cheques outlawed as part of govt crackdown

kilasuit

i highly doubt just 2 weeks would be adequete to give teens the preperation of financial worries in life

maybe for those that have an interest or at least natural talent in mathematics and statistics

i for 1 wouldnt have been so inclined to have just 2 weeks tuition in financial management seeing as from my last 2nd half years have all been bout learning how to control and budget

LongTermLurker

chattychappy wrote: »

Nah if they want to send them out, then let them do it without restriction. OK... if you tell them not to, then that's different... But I really don't need the government to protect me from myself.

I'm not bothered about them protecting you from yourself, so much as protecting me from my mis-guided postman. I keep getting other people's mail, who generally don't even live in my street, so it always makes me wonder how much of my confidential mail is sat on someone else's table or in their dustbin. If I'm expecting it, I can chase it up, but if I don't know it's coming and don't get it I'm none the wiser.

I hate post - I don't trust the delivery system.

~Brock~

http://www.independent.co.uk/news/business/comment/david-prosser-a-credit-crackdown-is-too-easy-1729643.html

charlieboycat

LongTermLurker wrote: »

I'm not bothered about them protecting you from yourself, so much as protecting me from my mis-guided postman. I keep getting other people's mail, who generally don't even live in my street, so it always makes me wonder how much of my confidential mail is sat on someone else's table or in their dustbin. If I'm expecting it, I can chase it up, but if I don't know it's coming and don't get it I'm none the wiser.

I hate post - I don't trust the delivery system.

Couldn't agree more. To my mind this has always been a real risk with unsolicited CC cheques.

squack

surely the fact that you have applied for a credit card in the first place means you want to use credit

unsolicited credit card cheques are a fantastic invention, theres many a time ive used them to refinance myself, but only when its a good deal on no/low interest/fee etc

to the weak individuals who misuse them, tough titty pal

if you were sent unsolicited cigarettes in the post would you smoke them?

why cant this government treat us as responsible adults

just because the government's beloved banks went bust doesnt mean the individual man in the street cant be trusted with his own finances :mad:

LongTermLurker

squack wrote: »

surely the fact that you have applied for a credit card in the first place means you want to use credit

er, yes - but, er, a card isn't the same as a pack of cheques is it? I asked for the former and got it - I didn't ask for the latter, but still get it.

I could ask the greengrocer for half a dozen apples but I wouldn't expect him to throw a wet lettuce at me as well!

never-in-doubt

LongTermLurker wrote: »

I could ask the greengrocer for half a dozen apples but I wouldn't expect him to throw a wet lettuce at me as well!

Brilliant - that is the quote of the week mate :rotfl::rotfl::rotfl:

crotig

Does anyone believe that this is anything more than a show measure by the goverment to convince people they have any power over the banks?.
If the goverment could tell the banking industry what to do then they wouldn't be waltzing off to retirement with squillions after staying afloat on taxpayer cash.
If the goverment wanted to help people then a 5% cap on loans and a 10% cap on CC with none of the ridiculous charges would go a long way to helping people who end up in trouble due to rapid circumstance changes.
This will never happen though as the banks, suffering from poverty as they are now the poor dears, still have enough money to make their regular contributions to our beloved fair and honorable MP's and lords ensuring their interests are the priority.

The goverment is a front for banks and big business to help keep us all enslaved.

NickX

crotig wrote: »

Does anyone believe that this is anything more than a show measure by the goverment to convince people they have any power over the banks?.
If the goverment could tell the banking industry what to do then they wouldn't be waltzing off to retirement with squillions after staying afloat on taxpayer cash.

Well it was the government who told the Credit Card industry that they had to offer an option to close an account and pay it off at the original rate instead of taking an interest rate hike.

IMO this was a good move and helps people pay off their debts without unwanted and unplanned for hikes in interest rates.

On the other hand I do think people should have the option to not receive Credit Card Cheques. However, banning them completely smacks too much of "nanny state" to me.

td_007

NickX wrote: »

On the other hand I do think people should have the option to not receive Credit Card Cheques. However, banning them completely smacks too much of "nanny state" to me.

A ban is not what is exaclty proposed - credit card companies will not be able to send them out left right & centre as they have been doing but will require the customer to opt in to receive them