T Denny

[RabbitObsessed]

Re: T Denny

Yeah. Either I LOVE how T. Denny made his money or I'm a communist. There's no middle ground possible, right?

Because he called you a communist, right?

[zooropa]

Re: T Denny

Because he called you a communist, right?

Well, either a communist or a socialist:

If you don't like it there are a few other destinations you can try

[EQguy]

Re: T Denny

Zoo, someone peed in your cheerios lately? You seem to be the lightning rod for heated debate here lately.

I am not going to assume anything from your expressed disgust in TDenny and how he came into his millions, but I would like you to express your reasons why you are disgusted.

[Nidaros]

Re: T Denny

Zoo, someone peed in your cheerios lately? You seem to be the lightning rod for heated debate here lately.

I am not going to assume anything from your expressed disgust in TDenny and how he came into his millions, but I would like you to express your reasons why you are disgusted.

My reason I have problem with Mr Sanford is that he seems to keep the poor and less than credit worthy people in their place with all these wonderful little charges here and there. If you got the gold, you make the rules.

I often wonder why Premier Bank does not offer seminars in using credit to those of low incomes. If they did I could then respect them. If such service is available, then set me straight.

[gojacksgo]

Re: T Denny

My reason I have problem with Mr Sanford is that he seems to keep the poor and less than credit worthy people in their place with all these wonderful little charges here and there. If you got the gold, you make the rules.

I often wonder why Premier Bank does not offer seminars in using credit to those of low incomes. If they did I could then respect them. If such service is available, then set me straight.

I don't have the best salary, but I have never paid a single cent in interest rates for a credit card. I was never taught about credit, but I feel I am doing very well. People get it or they don't.

[Rabbitlivinginverm]

Re: T Denny

I don't have the best salary, but I have never paid a single cent in interest rates for a credit card. I was never taught about credit, but I feel I am doing very well. People get it or they don't.

100% agree. My wife and I are in the same boat....no credit cards. We've been together since for 8 years, living together for 5 and married for almost 4. Absolutely no thought of a credit card during that time. I just don't see the need for them. Like you said, people get it or they don't.

That being said, I wish I knew as much as T. Denny about them so I could make a little of his money .

[Nidaros]

Re: T Denny

I don't have the best salary, but I have never paid a single cent in interest rates for a credit card. I was never taught about credit, but I feel I am doing very well. People get it or they don't.

You and Rabbit in Vermillion are indeed fortunate. There will come a time when you need credit. I hope you know what to do.

My comments are made because for the past two years I have been a tax preparer for a franchise that will remain unnamed. You see a different world than that of Ozzie and Harriet Nelson, and Ward and June Cleaver. Lots of single parents with kids, and often maybe less than high school education, but are working and earning very little. Its not about getting it its about staying alive with food on the table, and this is where credit comes into play. If you earn good income and make good choices then you are not likely to have any problems with credit, but some of the tax clients I work with could use some counseling I am sure. Some that are doing very well make bad choices and take on more than they can handle. I put myself in that category. I wish I had never seen a credit card, but ..

I realize Premiar Bank takes the most risky, but they have come out on top and T Denny is a billionaire and yes I am gratiful for the gift to SDSU, but I will shed no tears if the gift giving goes way after the new regulations come into law and start kicking T Denny in the rear.

[EQguy]

Re: T Denny

Verm, do you travel at all? How do you rent hotel rooms, cars or buy airplane tickets? How do you buy tickets ahead of time for SDSU games? How do you buy things over the internet?

Please don't take these questions as accusatory. I would just like to know how someone survives in this age without a card.

[UWMandSDSU]

Re: T Denny

Verm, do you travel at all? How do you rent hotel rooms, cars or buy airplane tickets? How do you buy tickets ahead of time for SDSU games? How do you buy things over the internet?

Please don't take these questions as accusatory. I would just like to know how someone survives in this age without a card.

I didn't have a credit card for the same reason as Verm said. I just never bought anything unless I had the money for it. But after I graduated from Grad School 5 years ago I finally bought my 2004 Ford Explorer and after applying for a car loan I found out I didn't have any Credit History so I realized I had to get a credit card and start building up my credit score. I too have never paid a single cent on credit card interest. I pay off all of my credit card purchases every month.

[jackrabit1]

Re: T Denny

Verm, do you travel at all? How do you rent hotel rooms, cars or buy airplane tickets? How do you buy tickets ahead of time for SDSU games? How do you buy things over the internet?

Please don't take these questions as accusatory. I would just like to know how someone survives in this age without a card.

Simple.... Debit Card.

Works like a credit card, but it's money taken out of your bank account. Which is good for two reasons....

1) You can't spend money you don't have... like a credit card.
2) You don't get charged outrageous interest rates... like a credit card.

And if a business won't take a debit card, I just go to another business. There's plenty out there that'll take my money.

[JimmyJack]

Re: T Denny

Simple.... Debit Card.

Works like a credit card, but it's money taken out of your bank account. Which is good for two reasons....

1) You can't spend money you don't have... like a credit card.
2) You don't get charged outrageous interest rates... like a credit card.

And if a business won't take a debit card, I just go to another business. There's plenty out there that'll take my money.

Yup. We use our debit card for almost everything. Once in a while, we put something on one of our two credit cards, but we pay it off right away.

As far as T. Denny's money: I'm not a fan of the credit card industry and I welcome the recent reforms. But I don't begrudge him his money. I'm grateful he has chosen to give a large portion of it away to try to do some good in the world.

[Rabbitlivinginverm]

Re: T Denny

Verm, do you travel at all? How do you rent hotel rooms, cars or buy airplane tickets? How do you buy tickets ahead of time for SDSU games? How do you buy things over the internet?

Please don't take these questions as accusatory. I would just like to know how someone survives in this age without a card.

No offense taken. Like Jackrabbit1 said, debit card.

[jackrabit1]

Re: T Denny

I should be upfront, though... I have one credit card... it's tucked away in my safe and not in my wallet.

The only reasons I have it are so I have overdraft protection, or for a major emergency.

Otherwise, it stays locked up.

I've seen way too many family and friends get themselves into trouble with that stuff. And having worked in the credit card industry briefly, I know all-to-well how easy it is to get into trouble with that stuff.

If you get a credit card...

1) Read the legal agreement. Yes, it's small and hard to read. BUT it does outline what the card company can and cannot do... which includes interest rates, fees, etc. I took so many calls from people who didn't read their agreements only to be outraged when they got a fee for going over their credit limit, being late, and so forth.

2) Know your options. Many times, the card companies can work with you to get a lower rate on your card. If you threaten to cancel your card, they can send you to "card retention" where they can even swing you a sweeter deal.

3) Don't be stupid. A credit card is basically an unsecured loan. Every time you make a purchase on a credit card, you essentially make a loan. And unsecured loans generally have higher interest rates than if you make a loan with some collateral (like a mortgage or a car loan). So pay your balance off ASAP, if not monthly.

Banks and credit card companies don't give out free money as a rule, they're in this to make money. But at the same we need to make sure we're on top of our finances and basically being proactive instead of reactive.

Finally, I'm glad that some of the new rules are coming into place. I never liked the idea of the double billing cycle, and frankly, the idea of raising interest rates based on other card history is a bit daft.