271–280 of 381 posts
CTO/Co-Founder of Final here. Final is what we built to take back control of our own credit cards for how and when we’re charged, instead of leaving it up to merchants. That led to merchant-specific numbers and limits, managed automatically, as well as transparency in statements. It’s our stake in the ground, a way to shift the culture in credit towards consumer friendliness. Happy to answer questions
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a bank reposessing a house and ousting a family is a much more immoral act than being unable to pay for one. moral considerations in interactions with a corporation is foolish
The day that credit becomes a civil right, I move to Mongolia. You pay for what you have; nobody owes you anything. To view a house as some natural right is an upside-down view of the world to me.
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I believe most people would say that when they agree to take money with a promise to repay it, they are under a moral obligation to do so.
The bible calls for a debt jubilee - forgiveness of all debts - every seven years. No such thing has happened in hundreds of years. So who acting immorally, again?
how long before numbers get collisions? are revoked credit card numbers invalidated forever?
The guy in the video is the exact same person in the coin video. https://onlycoin.com/ I'm really pissed off I paid for coin. I'm not going to pay a dime for plastc or this until it's released.
What happened with coin?
> Final lets you give a unique credit card number to every merchant, or a disposable one-time use number for one-off purchases. This is something I have been asking for since forever! People on here claimed it was "impossible" because of how credit cards work, I guess not... > Tired of your monthly yoga pants subscription? Or a two-week "free" trial that lasted four months? Just deactivate that card number. It's that…
Counterpoint. If you get taken to collections over a trivial amount ( Have to go to court for collections? The first words out of your mouth need to be, "Verify the debt." Ask them to produce the document you signed and agreed to. In the vast majority of cases, without this, your case will be dropped with prejudice. This is based on research I did while dealing with a personal mortgage "issue". http://www.thisamerica…
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I'm in the US, and if I were you I'd drop your car insurance provider in a heartbeat. There are so many other options that let me pay online and provide competitive rates, it just is not worth my time (or the chance that I'll forget) to mail checks in every month.
Many banks offer a free service that will write and mail cheques for you every month. Getting a sensible insurance provider is fine too.
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The bible calls for a debt jubilee - forgiveness of all debts - every seven years. No such thing has happened in hundreds of years. So who acting immorally, again?
It was every 50 years, not 7. And it also stated that prisoners would be freed. We don't actually do everything the bible says to do... thankfully. http://en.wikipedia.org/wiki/Jubilee_(Christianity)
"At the end of every seven years you must cancel debts. This is how it is to be done: Every creditor shall cancel the loan he has made to his fellow Israelite. He shall not require payment from his fellow Israelite or brother, because the LORD's time for canceling debts has been proclaimed."
(http://www.biblestudytools.com/deuteronomy/passage.aspx?q=de...)
It's interesting to imagine a world where there was no legal recourse to someone not paying back debt: easy to imagine some first-order consequences, harder to see how it'd change the grand scheme of things. I suspect it would end up being a much better world, but I come from a very anti-debt perspective.