Apparently, I am not the only person dealing with loan-sharkian credit card companies. For not taking out – or late-paying – loans.
One of my readers describes an abuse letter she received from American Express, peremptorily advising her that the interest rate applied to purchases with her card would be summarily raised to more than 19 percent – not because she was late with her payments, not because of her credit score (700) but just because. She relates that after calling customer non-service, she was told they would lower it – provided she dramatically increased the balance she carried on her card.
Prudence punished – not dissimilar in its fundamentals from the punishing of healthy people who are healthy because they take care of their health – and for that reason do not think it prudent to risk their health (and surrender their bodily autonomy) for the sake of people who aren’t healthy or who are obsessed with the hypothetical health of other people, which they assert presents a “threat” to theirs.
I got similar treatment recently from Bank of America. I’ve been a card holder for more than 20 years. I have never missed a payment or carried a balance. Obviously, I had to be punished for it.
In my case, it wasn’t usurious interest – that had already been applied but didn’t bother me too much since I never carry a balance. But that is a problem, for Bank of America. Which doesn’t make interest off me.
So they applied it just because they could.
I received my usual monthly statement via the mail and – as is my habit – put the check in the mail with 24 hours of receiving the statement, which I do with all my bills because I’m absent-minded and divorced and absent-minded, divorced guys sometimes forget to do things like pay bills, otherwise. My way of not forgetting is to do them immediately. I’ve been doing so for more than 20 years. It is why BOA gave me a credit line of more than $20,000 – which I never tapped but which is an indicator of their opinion of my creditworthiness.
Well, the next month I got a statement with a $41 interest charge tacked on. Despite my having paid the previous month’s balance in full, as I always have done. I called – and waited for about half an hour, listening the most obnoxious, tinny canned “music” – punctuated by even more obnoxious “messages” from BOA – before a drone picked up the phone.
I explained my issue. I told the BOA person I assume they received my last payment late because of the mail – or they processed it tardily. I asked – as a courtesy due (I maintain) a customer of more than 20 years’ standing who has always paid his bills – and always paid them on time – the BOA person to please remove this charge.
The BOA person on the other end of the phone – was it human? – read from an obviously canned script that she (I think it was she) could do nothing. I was dumbfounded. I asked to speak to her (his?) supervisor, who was apparently no more empowered to do anything other than read the same canned script.
The charge would stay.
Whereupon I told them I’ll be leaving.
That I herewith cancel my account with BOA and not only would I never transact business with them again but will encourage everyone within the sound of my voice and the reach of my keyboard to stay away from BOA – as one would any other predatory organism.
They are worse than a mafia, which is at least run by human beings. Corporations run human beings, turning them into script-reading automatons incapable of engaging in any kind of human conversation. One can only imagine being in thrall to these creatures. Of actually owing them a sum one might not be in a position to pay. Which is precisely the position these predators work night and day to get their prey into.
Nineteen percent interest – compounded monthly? Hell, that’s a good deal, as far as corporations such as BOA offer. Some apply interest approaching 30 percent – something any upright mafiosi would be ashamed to apply. And even if he did apply it, at least you could have a conversation with him. It’s true he’ll probably still break your legs. But isn’t that almost better than a phone tree and a canned script?
Lesson: Don’t deal with these corporations, which are the undoing of everything.
My gripe transcends this business of being jacked for $41. It is much bigger than that. It is these same no-respite/no-discussion inhuman corporations that dehumanized life in this country. It is also the corporations that are implementing Jab requirements – subverting the “democratic process” Leftists love to warble about when it suits their interests.
And it now suits their interests to use corporations to stick a knife in the back of the “democracy” they pretend to admire.
It’s high time to end the hold these corporations have acquired over practically everything – and the most effective way to do that is by simply not doing business with them.
Let them starve – and we’ll be able to live, again.
. . .
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