New credit card rules putting the squ...

New credit card rules putting the squeeze on residents

There are 19 comments on the Inland Valley Daily Bulletin story from May 7, 2010, titled New credit card rules putting the squeeze on residents. In it, Inland Valley Daily Bulletin reports that:

Melissa Mline, an Ontario nurse with a credit score in 700s, thought she was playing by the rules.

Join the discussion below, or Read more at Inland Valley Daily Bulletin.

crimeman

Los Angeles, CA

#1 May 7, 2010
people please remember,food first then shelter next save for retierment.then pay your credit cards,having one credit card is to many.get a atm card with a visa logo.cash is king.if you cannot put food on the table or pay your home loan,thats the time to file for bankruptcy,FU...K THE BANKS
Keety

Rancho Cucamonga, CA

#2 May 7, 2010
I use my credit cards when i run low on foodstamps.
John

Westlake Village, CA

#3 May 7, 2010
I use mY Shell / Mastercard for the rewards . But I pay them biweekly. Atm and overdraft on my checking and my shell card is enough . Why have multiple cards when Visa or Master card can be used in most places . The last time I checked my experian score it was 904 , but Khols wouldn't give me a card or tell me why I didn't qualify . I figured it out though . They were looking at my balance on my shell card and saw that it was zero balance every month. I called them back and said "I don't need to by sale items on interest payments ".
John

Westlake Village, CA

#4 May 7, 2010
On a tight budget . Use a fixed amount for the week in cash .Conserve on your utilities and limit you driving . Utilities are the only thing you can use checks . Buying groceries and gas should be done out of the cash amount . People on a tight budget should NOT wright checks for these thing . Most people when righting a check look at the remaining balance in their account ,but the don't total if you have gone over you budgeted amount . With cash ,you will be Conservative when you see you wallet running empty . Been there done that .
Ms Smith

Adelanto, CA

#5 May 8, 2010
"I filed for bankruptcy seven years ago and it made my life easier," said the Pomona resident. "If I have the money I get it, if I don't, I don't. Credit cards are too tempting. Now I'm in control."

yea, right... and the debt obligation? absolved? The laws must change, people don't.
Ren

AOL

#6 May 8, 2010
Credit cards are a thing of the pass all they are is a money pit and only making the fat cats fatter so do what I did I just tore mine up and just pay cash.Theres nothing in this world that I need it NOW I jusy make payments or just save my money for it so show those banks we don't need their crap and let them go under.
Save Dont Spend

Pomona, CA

#7 May 8, 2010
I don't make purchases on my credit card that I can't pay off fully when the bill arrives each month. I've done this my entire life, even when I was younger and had less disposable income. It's the only way to go.
Wasnt There

La Mirada, CA

#8 May 8, 2010
Open an account at a credit union. Take all of your business away from the predatory banks. If you have an account at Welch Fargo, Bunk of America, Sh*tycorp, or other big banks you are feeding the beasts.

Your local credit union will work with you. The TBTF banks will work against you.
Michael

Hesperia, CA

#11 May 8, 2010
Wasnt There wrote:
Open an account at a credit union. Take all of your business away from the predatory banks. If you have an account at Welch Fargo, Bunk of America, Sh*tycorp, or other big banks you are feeding the beasts.
Your local credit union will work with you. The TBTF banks will work against you.
Not when the Credit Unions start acting like big banks. Arrowhead CU contracted the ATM deposits to an outside firm who picks up your checks, cash, etc, THEN tells the CU how much you've put in. Doesn't matter what you put in, it'll take up to SEVEN DAYS for it to show up in your account, all while your electronic debits bounce. So if you're a working person who can't make deposits at the counter, you're screwed.

So what happened to those jobs? They've put your money into the hands of people who are NOT BONDED, and making minimum wage. Just the people I want handling my cash.

After they've screwed me over for the last time, I closed my account. It'll be a great day when the last Arrowhead closes its doors for good. Hopefully a better CU will buy what's left and save those jobs, except for the morons who run managed it into the ground.
CVM

Boron, CA

#12 May 8, 2010
Michael wrote:
<quoted text>
Not when the Credit Unions start acting like big banks. Arrowhead CU contracted the ATM deposits to an outside firm who picks up your checks, cash, etc, THEN tells the CU how much you've put in. Doesn't matter what you put in, it'll take up to SEVEN DAYS for it to show up in your account, all while your electronic debits bounce. So if you're a working person who can't make deposits at the counter, you're screwed.
So what happened to those jobs? They've put your money into the hands of people who are NOT BONDED, and making minimum wage. Just the people I want handling my cash.
After they've screwed me over for the last time, I closed my account. It'll be a great day when the last Arrowhead closes its doors for good. Hopefully a better CU will buy what's left and save those jobs, except for the morons who run managed it into the ground.
That's strange because I have Arrowhead CU and I use the ATM to make deposits all the time and my deposits always show up in my account right away. In fact I made one today at about 4:00 and as I drove away my receipt showed that my deposit was included in my available balance....
I have had Arrowhead CU since 1996 and I have never had any problems.
Michael

Hesperia, CA

#13 May 8, 2010
CVM wrote:
<quoted text>
That's strange because I have Arrowhead CU and I use the ATM to make deposits all the time and my deposits always show up in my account right away. In fact I made one today at about 4:00 and as I drove away my receipt showed that my deposit was included in my available balance....
I have had Arrowhead CU since 1996 and I have never had any problems.
You must be making some small deposits. They only provide the first $50 immediately, and have done so since 2008. Conveniently, they simultaneously raised the overdraft fee to $35 per incident, the highest among credit unions and on par with the mega-banks.

They also stopped paying dividends years ago and eliminated other member perks like discounts on insurance.

Yes, let's squeeze what we can from our good customers to make up for bad loans.
bigb

Hesperia, CA

#16 May 9, 2010
its all about being responsible. id rather have a c/c than not.
smallsmatt

Chennai, India

#17 May 10, 2010
Using credit card for reasonable purchase can minimize the debt to a great extent and there are good [url=”http:debtsolutionsgrp.co m/”]debt settlement company[/url] to save time and money if the debtor has too many debts.
RanchoSider

Pasadena, CA

#18 May 10, 2010
It sucks that people don't want a credit card, but have to build credit in order to rent an apartment. You can have like 5k in savings and have money in hand, but they still wont rent you and apartment because you dont have much credit. LOL.... wtf?
KIM

Charlotte, NC

#19 Jul 14, 2010
******YES and the UNIVERSAL DEFAULT******* research that. It is criminal. Also the hardship program is a set up because it just puts your debt on hold for awhile. But it keeps gaining interest. research it for yourselves to be sure.

Since: Dec 09

Chandigarh, India

#20 Aug 10, 2010
The problem is that people still need to get access to funds and banks are less likely to loan money today, especially to the sub-prime borrowers, which means that their only option is to use services like cash advance loans that don’t require a credit check.

Since: Aug 10

Chandigarh, India

#21 Aug 20, 2010
People on a tight budget should NOT wright checks for these thing . Most people when righting a check look at the remaining balance in their account ,but the don't total if you have gone over you budgeted amount . With cash ,you will be Conservative when you see you wallet running empty . Been there done that .
Lavina

London, UK

#22 Mar 26, 2014
This is the first time I had ever applied for a loan. I couldn't have asked for anything more from the staff that answered any of my questions to the application process. Once this had all been completed the money was transferred quickly into my account. I will definitely be recommending 911PDAY .COM ( http://goo.gl/EvYZBe ) too my friends and family.

Since: Mar 14

Kolkata, India

#23 Mar 27, 2014
I have two credit cards one HDFC and another one standard chartered.At the end of month when my money got finished at that situation I use my credit card and in next month I pay the credit card bill before the time.So, It is really helps me a lot at any bad situation.

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