Thursday, February 23, 2006

Credit Card Madness!

How bad is the average North American's credit scores? How much in debt?

I'm just wondering, 'cause this previous year I didn't work, and besides maybe a bit of scholarship income, made no money.

Yet, like 10 different credit card companies call me on a regular basis offering me more loans, credit cards, etc. I had 3 calls today.

I have like a ton, I don't need anymore, damnit (Mastercard, Visa, Mastercard Student Line of credit, Home Depot, Leon's, HBC, OSAP). Mind you, I pay my bills, and only leave a balance on the LOC since it's like only 4% interest, but this is insane.

In conclusion, they say that the average NA is too much in debt. I wonder why? If you want money now, yet make little to no money, there seems to be no shortage of it. It's no wonder that the only money making branch of most large companies (for example, the Big 3) is their credit branch.

Another big thing seems to be "debt consolidation". Sounds wonderful, take all of your high interest credit cards, and put them into 1 low interest one.

This would work great, if they forced you to get rid of most of your other credit cards. If not, balances will inevitably build up on those again, and the cycle repeats... :)

// End rant

4 Comments:

At 12:13 PM, Blogger James said...

Did anyone else notice that, even though Matt sometimes picks on us Comp Sci people, he used the standard "//" comment symbol to end his rant.

For shame...

 
At 12:29 PM, Blogger Medieval said...

My bad. :)

I've been coding in C++ (Borland Builer) for my image processing class.

...

Borland builder is the biggest piece of crap ever, too. How such a respected product can have such glaring problems is beyond me.

 
At 1:13 PM, Blogger James said...

I tried one of the Borland IDEs once...probably for Java...I hated it. It was buggy and required all of this needless setup for a project.

For any "typical" programming language, go with Eclipse. I've only used it for Java, but I'm sure it's got plugins for C, C++, etc.

For the Prolog programming I've been doing I'm fortunate that the implementation we're using has its own IDE that's quite good.

 
At 2:40 PM, Blogger Medieval said...

Unfortunately, this prof has been using C++ builder for like 20 years, and thus thinks it's the best thing since sliced bread, so to speak.

So we have to use it.. bah.

Had to rewrite the entire code this morning because it overwrote my CPP files.. bleh.

 

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