The heck with what you can actually afford
The underlying message here is "The heck with what you can actually
afford.
They don't tell you that as your credit card balance jumps towards your credit limit, the bank will use that as an excuse to raise your card's interest rate, causing that big purchase to cost you even more.
. In the background, the music screams "I Want it All, and I Want it Now". We must also however demand that the credit card advertisements stop sending a message of prosperity by simply using their cards. A young couple's television finally dies out. With credit cards, we are clueless as to the actual cost of an item because the credit card companies change the rules and interest rates at their discretion. The wife tells her husband that it is all right to go get that new TV set.e. When people begin to realize that they really have no idea what that big purchase is really costing them, maybe then we will think twice before proceeding with that "I want it now" purchase. You have probably viewed the ad. So you can see just how much you can buy. The wrong message in my opinion. They don't tell us that your big purchase will actually cost you more than the price on your receipt as you will be paying interest on that purchase. Forget what you can really afford, just live the good life.
Sure, we must take responsibility for our own actions."
The pharmaceutical companies can now advertise their products (i. This needs to be disclosed in their advertisements. We must think before we pull out that plastic card. As long as you have some available credit balance, go ahead and use it.
The plastic pants hanger message is clear, just use our powerful plastic card, and you can have it all, and have it now. The bank should be required to give us full disclosure on the effects of using their credit cards.
When we use any other type of financing for any type of purchase, we are aware of exactly the terms and conditions of the purchase. It is time we establish a similar regulation for the credit card industry. The excited husband heads down to the electronics shop, credit card in hand.
So what are the side effects of making that big purchase on a credit card? What does this commercial not tell us? They don't tell us that you still must be able to afford to pay for that big screen TV. So your $1200 television will really cost you $2000 after you are done paying the interest.
The premise for this ad is the new credit card feature where you can immediately get your available balance via an instant text message on your cell phone.
I saw a credit card commercial on television this past weekend that really started me thinking about the message they are broadcasting to America. drugs) to us, but they must clearly include the side effects.
This is the cycle for financial disaster that too many consumers have fallen into.We have all seen credit card advertisements on television, radio, magazines, etc. This is exactly where the credit card companies want you; in the never ending cycle of debt. These ads always show ordinary people, living an extraordinary life. This would not be new grounds for the financial industry. We must warn people of the side effects of using their card. Just like we all want to do. Commercials for investment companies have disclaimers regarding the risks of investing
They don't tell you that as your credit card balance jumps towards your credit limit, the bank will use that as an excuse to raise your card's interest rate, causing that big purchase to cost you even more.
. In the background, the music screams "I Want it All, and I Want it Now". We must also however demand that the credit card advertisements stop sending a message of prosperity by simply using their cards. A young couple's television finally dies out. With credit cards, we are clueless as to the actual cost of an item because the credit card companies change the rules and interest rates at their discretion. The wife tells her husband that it is all right to go get that new TV set.e. When people begin to realize that they really have no idea what that big purchase is really costing them, maybe then we will think twice before proceeding with that "I want it now" purchase. You have probably viewed the ad. So you can see just how much you can buy. The wrong message in my opinion. They don't tell us that your big purchase will actually cost you more than the price on your receipt as you will be paying interest on that purchase. Forget what you can really afford, just live the good life.
Sure, we must take responsibility for our own actions."
The pharmaceutical companies can now advertise their products (i. This needs to be disclosed in their advertisements. We must think before we pull out that plastic card. As long as you have some available credit balance, go ahead and use it.
The plastic pants hanger message is clear, just use our powerful plastic card, and you can have it all, and have it now. The bank should be required to give us full disclosure on the effects of using their credit cards.
When we use any other type of financing for any type of purchase, we are aware of exactly the terms and conditions of the purchase. It is time we establish a similar regulation for the credit card industry. The excited husband heads down to the electronics shop, credit card in hand.
So what are the side effects of making that big purchase on a credit card? What does this commercial not tell us? They don't tell us that you still must be able to afford to pay for that big screen TV. So your $1200 television will really cost you $2000 after you are done paying the interest.
The premise for this ad is the new credit card feature where you can immediately get your available balance via an instant text message on your cell phone.
I saw a credit card commercial on television this past weekend that really started me thinking about the message they are broadcasting to America. drugs) to us, but they must clearly include the side effects.
This is the cycle for financial disaster that too many consumers have fallen into.We have all seen credit card advertisements on television, radio, magazines, etc. This is exactly where the credit card companies want you; in the never ending cycle of debt. These ads always show ordinary people, living an extraordinary life. This would not be new grounds for the financial industry. We must warn people of the side effects of using their card. Just like we all want to do. Commercials for investment companies have disclaimers regarding the risks of investing
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