Tuesday, June 30, 2009

MORE ON THE CREDIT CARDS

http://www.walletpop.com/credit/credit-cards/article/_a/bbdp/what-you-buy-where-you-shop-may-affect/544639?icid=mainmaindl3link3http%3A%2F%2Fwww.walletpop.com%2Fcredit%2Fcredit-cards%2Farticle%2F_a%2Fbbdp%2Fwhat-you-buy-where-you-shop-may-affect%2F544639

Below is an article submitted about credit cards and how they affect small businesses. This one discusses how you as a consumer are being tracked and scored by the credit card companies. They look at where you make your purchases and if there is a consistancy of purchasing at discount places, second hand stores, generic brands then the credit card companies will use that information to lower your credit score. Luckily the Obama Administration is looking into these unfair practices and may be imposing regullations to prevent credit companies from acting on this further. I am beginning to feel a bit uncomfortable with all this "invasion of privacy" or "spying" over every little move we, as a general public, make these days. While some of it may be in our best interests this is one example of how it is not.

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