Better a “deadbeat” than a “*!x!*#!”

You have to hate the credit card industry. Its lax security allowed identity thieves to steal private information. It spent millions lobbying Congress to tighten bankruptcy laws when it hands out credit as if it was candy. And according to Blair Drazic, author of the new book “Forgive Us Our Debts,” the industry has a nickname for people who pay their bills on time: “deadbeats.” Well, we have our own choice names for the credit card industry, but this is family-friendly blog.
Posted by Phillip Brownlee

2 Comments

  1. Joe Williams
    Posted June 28, 2005 at 7:46 am | Permalink

    I have never owned a credit card in my life and never will. You can function in society without one. A debt card will get you anywhere, including internationally.

    It’s better using your money, than it is paying money to use somebody elses. I know about the building your credit thing, but I think that is not all what it is cracked up to be.

    But you are right! The CC Companies hate people who pay on time. But they have plenty of people who don’t, so they are not hurting in business.

  2. Gary C.
    Posted June 28, 2005 at 11:56 am | Permalink

    They do huh!

    Well if thats the case then they better up my credit score, because I always pay on-time.