Jul 24, 2010

Credit Card Blues

Credit cards are helpful if used wisely but if it's used impulsively without proper planning and advanced budgeting then it can lead to great debts.

I'm glad that we don't rely so much on our credit card nowadays. We usually use them when we book for flight tickets or paying my domains. Sometimes they are also helpful when you need to buy your immediate needs and your ATM machine just refuses to dispense your money.

But for some people, in between 1987-2000, they had major problems from the credit company. Their personal data and information was sold out to different marketing companies and they have been main targets of all those annoying marketing schemes. I can't imagine being bogged down by calls, emails, mails and meetings with people trying to push to your face the products they are selling. But to some, this has become a major nightmare to them. And as a result people have filed the TransUnion Lawsuit to let the company pay them. If you applied for credit in the United States between 1987 and 2000 it is likely you have a claim against TransUnion.

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