Quote:
Originally Posted by velvet1  It seems like Washington Mutual and AIG are going bankrupt. |
Wow! I hope no one is hurt by that, but, WaMu going bankrupt might actually be good for me.
WaMu owns
Providian, one of the credit card companies which tries to charge me something like $70 per month in late fees+overlimit fees. Which almost made _me_ go bankrupt.
I wonder if this means my Providian credit card debt will be wiped out? If so, this might be fantastic news for me and anyone else with Providian credit card debt. If Capital One also goes bankrupt I might end up debt-free.
I'm guessing probably the people in charge of WaMu won't be personally affected much at all by this, they'll probably still have millions of dollars leeched from people far more honest and hardworking than they are, money which will probably be considered their personal property and won't be affected at all by their business's bankruptcy.
Still, I hope the people responsible for WaMu will have learned from this that they would have been much better off doing business in ways that are fair and genuinely helpful to society, instead of taking unfair advantage of people and bleeding people dry for their own short-term gain like merciless parasites. There's no way to keep profiting from customers that have been financially destroyed, or have been treated so badly that they simply refuse to pay one more cent.
If they had treated me and their other customers fairly, I would never have stopped paying them in the first place, and I would actually feel sorry for them now for going bankrupt. But, from what I know of Providian, they've hurt so many people (including me) that I'm just glad this will stop them.
I really hope they learned from this that engaging in loathsome, immoral, shortsighted, selfish, merciless, conscienceless business practices (such as deriving much too much revenue from unfair and huge late and overlimit credit card fees, instead of providing actual, genuine services to people, and building customer loyalty by being fair and kind instead of kicking honest, hard-working people when they're down and were already doing their very best to pay their debts) is ultimately self-destructive.
Thanks for the great news...
Best wishes,
Apollia