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PostPosted: Mon May 11, 2009 3:09 pm 
PHD From Del Rey University!
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Joined: Sat Aug 20, 2005 12:28 am
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Location: Living the good life in CR
Irish Drifter wrote:
BangBang57 wrote:
One other thing I noticed the other day: Amnet's (cable and internet) "tipo de cambio is 580.25 this month. And I have been paying my bill with colonies--better off to pay with dollars.


Only if you have a stash of dollars. The rate today for BCR to sell you dollars was 580.25.


I use BoA and get cash via ATMs here. BoA charges an extra $5 if you get colonies; so I get Dollars, then go inside and change them for colones at the same rate thus saving the $5. I always keep a few dollars around (also have to pay my rent with dollars) so paying Amnet in dollars is no problem for me.

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PostPosted: Mon May 11, 2009 5:52 pm 
PHD From Del Rey University!
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Location: SWFL, USA
When I lived in CR I did the same thing, taking dollars out as I needed by ATM and converting them to Colones. Great way to avoid BS charges.

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PostPosted: Mon May 11, 2009 9:36 pm 
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Location: NFM--Geezers, cowpokes and the working poor--yeeha!
However poorly Brother ID thinks of BofA, I think worse of them. They jacked the rate on my CC balance to 30+%. Didn't that used to be called "usury"? "plundering marauders" indeed
PS I paid it off and cut up the card.

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PostPosted: Mon May 11, 2009 9:52 pm 
PHD From Del Rey University!
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Location: Sabana Oeste , Costa Rica
JazzboCR wrote:
However poorly Brother ID thinks of BofA, I think worse of them. They jacked the rate on my CC balance to 30+%. Didn't that used to be called "usury"? "plundering marauders" indeed
PS I paid it off and cut up the card.


Usury was an term used years ago to describe loan sharks,pawn brokers, etc. It kind of fell off the table when your friendly banker started to make loans. After a few years "Mr Friendly Banker" woke up and said what idiots we are. Lets get into that usury game. So they hired some high priced, well connected, unethical lawyers and lobbyist to get those high minded moralistic congressman to pass laws allowing them to join in the fun. Off course the fees paid the lawyers and lobbyists and campaign donations was a drop in the bucket compared to the fees they collected from the new usurias rates they now can legally charge. :evil:

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PostPosted: Tue May 12, 2009 1:57 am 
Not a Newbie I just don't post much!

Joined: Mon Apr 27, 2009 8:53 am
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Irish Drifter wrote:
JazzboCR wrote:
However poorly Brother ID thinks of BofA, I think worse of them. They jacked the rate on my CC balance to 30+%. Didn't that used to be called "usury"? "plundering marauders" indeed
PS I paid it off and cut up the card.


Usury was an term used years ago to describe loan sharks,pawn brokers, etc. It kind of fell off the table when your friendly banker started to make loans. After a few years "Mr Friendly Banker" woke up and said what idiots we are. Lets get into that usury game. So they hired some high priced, well connected, unethical lawyers and lobbyist to get those high minded moralistic congressman to pass laws allowing them to join in the fun. Off course the fees paid the lawyers and lobbyists and campaign donations was a drop in the bucket compared to the fees they collected from the new usurias rates they now can legally charge. :evil:


Still not up to the "Payday Lenders" rate YET but there is still time for them to get there.
Tampa


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PostPosted: Tue May 12, 2009 2:38 am 
PHD From Del Rey University!
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Location: NFM--Geezers, cowpokes and the working poor--yeeha!
At least the "Payday Lenders" still operate state-by-state and are thus regulated more locally. Their alleged depredations are under close scrutiny and are in fact being regulated more tightly by many states. What Brother ID and I were talking about are the "money-center" banks that are nominally run in, most tellingly, North Dakota, in which state they "bought" the legislature with the promise of Op-Center and Call Center jobs, to raise the possible CC interest rates to 30+% interest, then use a despicable tactic called "universal default" to jack you up. Universal default means if you are 1 day late on ANY bill anywhere, they can and do use that as the ruse to raise your interest rates. The CC companies know that tighter Federal regulation is coming in mid-2010 so they're squeezing the shit out of us while they can.
There's this other thing--even though they use 1 state's laws to raise the interest rates, if another state tries to tighten regulation on them, they run crying, as Federally chartered banks, to their regulator, the Office of the Comptroller of the Currency (OCC), whom they've also "bought", to get the states to back off. Talk about eating your cake and having it, too!!

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PostPosted: Tue May 12, 2009 7:51 am 
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Whats the rate at SL :?:


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PostPosted: Thu May 14, 2009 10:03 am 
Not a Newbie I just don't post much!

Joined: Mon Apr 27, 2009 8:53 am
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540 yesterday and I got 570 and change at bank of CR
Tampa


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