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October 16, 2006

Sears auto center sales & tech crack heads

Rant filed under Grab Bag by doc mojo

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In July I bought four tires from a sears auto center in Milford CT. Came back with a flat in October that couldn’t be fixed and should have been replaced (road hazard warranty) thank God, or so I thought. Instead of replacing the tire, the tech specialist said, it’s the rim it’s the rim said the tech not the tires. You go buy a rim we put the fixed tire back on said the front desk sales guru. Are you sure I replied? Yes Yes they said. I went back to Sears on Monday after (more...)

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October 27, 2006

Chase Credit Card Predatory Lending

Rant filed under Grab Bag, Money by Jana Nicholas

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My son, an unemployed college student, was given his first credit card by JP Morgan Chase . Without any parental knowledge, Chase granted him an exorbitant line of credit (eventually up t0 $9600) and even allowed him to exceed that line of credit by $4,000. And all this without him needing to complete an application or even have a job! When my inexperienced and spend-happy college age son was, predicatably, unable to meet the minimum payment Chase promptly assessed a litany of fees and immediately raised the finance percentage from 6.9% to 29.99%. The finance charges alone (more...)

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