Tuesday, November 27, 2007

Kmart

Wow. Okay, so read an article this morning about a brawl that broke out in a Wisconsin Kmart in Saturday. The brawl was caused by women fighting over credit card applications. Kmart credit card applications. Apparently Kmart was running a "deal" that customers would get $10 if they applied and were approved for the store credit card. Due to some technical difficulties, the approval process was not working properly and every applicant was granted a credit card with a $4,000 credit limit. Apparently people were confused because word got out that there was "free money" at the Kmart and a brawl ensued over the credit card applications that lead to "free money".

At first glace nothing seems odd? Try again...CREDIT CARDS people...CREDIT. Yes, these people were brawling over "free" DEBT. From the look of things, these people were definitely not fiscally responsible and therefore should have never been granted credit cards.

Raise your hand if you think 98% of these new credit card holders maxed out those brand new cards and has no idea what an APR is, but will quickly find out after they make the minimum payment at the end of the month.

Yeah. That's what I thought.

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