[mcaguru]

Yep...I liked the comparison to consumer credit cards. the similarities make a lot of sense, think about it.... Capital One offers Ms. Lovaine (single mom with 2 kids on minimum wage) A 2K credit limit and just for the simple fact that she makes the minimum payment of $27 bucks for 6 months straight her action triggers Discover Cards algorithms to send her a 5K credit card (did someone just say stacking?) with 6 months of $54 buck payments Citi Group comes in for the 20K line followed by another 20K from Wells Fargo (that's if her credit stinks, LOL) next thing she knows shes $50,000 in debt and before long the original 2K from capital One goes into collections, Now listen up! ...if Ms. Lovaine Never received additional credit lines from fargo and Citi (stackers one would-argue?!) she may have kept her 2K account up to-date..Right?? Does anyone think that the current $11.7 Trillion (FAAAAAAACT!) of national consumer credit card debt came from the first Credit Card Line?! of course not !!....its from the 2nd/3rd/4th/5th Offer!! (AHA!) scariest part is that's all Business to Consumer and no one including congress or anyone else has halted the Credit Card Issuing companies from making 2nd/3rd/4th/5ths offers! (I keep getting weekly offers!) and not aware of the initial Credit Card Company (capital one)complaining that Fargo and Citi pushed her into Default...