Author Topic: Pre-Paid Cards  (Read 744 times)

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Pre-Paid Cards
« on: February 21, 2012 09:36:03 PM »
Interesting commentary on the costs of using pre-paid cards.

Something tells me that pre-paid is another get-rich-quick scheme that is designed to take-in the troubled consumer who sees "convenience" as more important than "cost".


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Re: Pre-Paid Cards
« Reply #1 on: March 28, 2012 12:01:59 AM »
They can be a way of avoiding a judgment creditor getting their hands on your money, and yet allow you to make purchases online, make payments online, etc., but yes, they are expensive.

There are other ways to work around this situation.  If you want to buy something online, you can get a gift card for something like Amazon or Wal-Mart, (and many other stores) and then use them to make a purchase online.  They have no fees involved, and do not expire. 

Other things can be purchased through the mail using money orders.  Or payments can be made through the mail using money orders.

And of course, you can try to buy everything possible locally and make as many of your utility and other payments locally as well using cash.
Finally a collector admits it...

"The reality is that there are people who can't pay and the job of an agency in my opinion is to separate those who can and those who cant and to not waste resources and efforts on those who cant." -- Dr. Evil.

All this nonsense about aggressive judgment enforcement against someone with no assets is just that-- utter nonsense.