Citi deserves to fail. They do not need to be bailed out. I would be happy if Citi ceased to exist as a bank. I was an AT+T Universal Card holder since the card came out in 1993. Somehow, Citi bought this card from them and I found myself what I never wanted to be: A Citi customer.
Citi started sending the statement later and later and later. The statement would close on a certain day of the month, but the statement would not be mailed until a week later. Then a week and a half. Then two weeks. By the time I got the statement, I barely had enough time to get the payment to them. If I had not stopped using the card, I guess they would have eventually mailed the payment after the due date?
Calling them produced little results. They offered to change the due date, but that was not the problem. They wanted unlimited access to my bank account to take the money out electronically, but I am certainly not going to do that. Eventually, after a written letter explaining the problem, someone "rebooted" the whole thing so I got the statement sooner, but by then I was happy to leave them behind.
I got another credit card, which is working out much better. My mortgage holder gave me one. This, ironically, hurt my credit score because I took out an additional line of credit. Surely, any consumer smart enough to leave Citi deserves a better credit score?
So if the name "Citi" and its business practices goes away forever, I won't cry. Let them fail.
GM deserves to fail. It should not be bailed out. I bought a Buick in the early 2000s and it was an unreliable car that I regretted buying. I wanted to buy it for the long-term and have a new, reliable car. Instead, I got a lemon. On two...[ abbreviated | read entire ]
In my quest to get a reciprocating saw (see my previous post on my Harbor Freight futility), I went to Sears because they opened early. Sears still has not restocked the screwdrivers they're out of, and they've been out of them for a month. (The...[ abbreviated | read entire ]
What recession? Harbor Freight sent me a circular in the mail with a new reciprocating saw that was about what power I needed at an attractive price for a sub-$100 saw. (I wouldn't use it much, so I didn't want a professional quality one.) So I...[ abbreviated | read entire ]
Truth For Life has released a recent 44-min sermon on the economic bad times preached by Alastair Begg on 1 Timothy 6. I've listened to it, and it's outstanding. The TFL web site is utterly lame and has a stupid Flash-based embedded MP3 player....[ abbreviated | read entire ]
I used to shop at buy.com, and the online retailer was once my first choice for a range of items (books, electronics, computer supplies like DVD blanks). In the past few months, however, buy.com has been stocking fewer and fewer items themselves...[ abbreviated | read entire ]
The United Methodist Church in my town sent me a postcard. Quite a fancy one, too: glossy, with full-color photographs, including the new pastor with his photogenic family in an outdoors setting. But I don't see any gospel, not even one the...[ abbreviated | read entire ]
Ligonier Ministries needs an executive to change a d to an n. They have been putting RC Sproul's series on philosophy online, and put "Parmedides" instead of "Parmenides" and I pointed out the mistake and finally got a response: "I will forward...[ abbreviated | read entire ]
The Health Savings Account (HSA) is hyped as the way to let you manage your own health care and save money. The truth is, it's a good deal for everyone but you. Corporations, insurance companies, and the financial industry (which manages the HSAs...[ abbreviated | read entire ]
Both the Wall Street Journal and the New York Times have gone up again. I don't know why newspapers have to be so expensive, but this fact is going to hasten their obsolescence. I think the newspaper rack as we know it will be gone in a few years....[ abbreviated | read entire ]