I’ve been very upfront about my debt and how I got to the point that I am in. I take nearly all of the blame in the process that got me here. However, I do think that the credit card companies preyed on me and my situation.
Credit card companies have to be held accountable for the role they are playing in the consumer debt crisis that we face in this country.
Nothing proved this to me more than the moment I opened up my mail on Monday.
Unfortunately I have an account that has progressed to legal matters. I have not been able to make the payments that they are asking for yet and they are going to take me to court.
Today I get the notice in the mail along with this:
In case you can’t read that, it would be an offer from Capital One Platinum MasterCard asking me back as a customer. This is from the same company that is suing me for the $1600 that I still owe them.
Does this seem wrong to anyone else?
I haven’t received a credit card offer in over a year. They stopped coming, as they should, when my bills got very behind. I don’t get why the offer would start coming now that legal papers are being filed by the credit card company in the court system.
As if that wasn’t crazy enough, a third envelope today came from another credit card company offering me a Pre-Approved Credit card with a limit up to $1,500.
I can’t even imagine being the upper level management that dictates who gets sent these types of applications. Wouldn’t it bother them just a little bit to know that someone like me, someone with a life long struggle with money is being offered a credit card?
Granted I know better, NOW. But two years ago I may have taken this application, filled it out and used whatever credit I was offered to “get me through” the months ahead.
I’m sure there are plenty of other uneducated, broke people who are receiving these offers in the mail on a regular basis and getting themselves into even more trouble.
I’m just completely disgusted with Capital One. They were the first company to offer me a credit card after my first bankruptcy.
Shame on you Capital One, shame on you!
Call to action!
What can we do to keep this from continuing?
Above all else, this is why I think that financial education is so important. Our teens can not leave their parent’s home and move out on their own without being aware of issues like this.
Capital One and other credit card companies are not going to shoulder the blame that they should and they are not going to stop until consumers stop returning those offers.
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