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TRISHAFAN4LIFE
Okay, I saw this article and just laughed. Does this mean everyone with credit cards should sue the creditors for extending credit to those people who should not have a credit card? What about the creditors who send freshmen in college all the pre-approved credit cards they want? Logically thinking, the creditors know that half of the freshman cannot pay it back and will be paying on the $1,000 credit card for the rest of their life because they can only pay the minimum payment............. What about people who buy these huge houses who cannot afford to pay for them in the first place? There are nice homes around us and people may live in there for a year or so and then they are selling because they can't afford it......

I just thought this was interesting to share since we have this financial crisis going on and seeing that a lawsuit was against the creditors for them giving her credit.

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MILWAUKEE - Oprah Winfrey's mother says she shouldn't have to pay a nearly $156,000 debt to a high-end fashion store because store officials shouldn't have extended credit to her.

Valentina Inc. alleges that Vernita Lee of Milwaukee racked up $155,547 in purchases and interest as of July 1. The company sued, saying Lee fell behind in minimum monthly payments of $2,000.

Lee filed a counterclaim Friday contending that Valentina took advantage of her "lack of knowledge, ability, and-or capacity" when creating her credit account.

Court papers say Lee resolved a 2002 case with the company over a $175,000 bill. The resolution prohibited Valentina from extending further credit to her.

A message left for Valentina co-owner Tony Chirchirillo was not returned Tuesday.

wmdude102086
how on earth did she fall behind?????
TrishaYrwoodFan
QUOTE(TRISHAFAN4LIFE @ Oct 1 2008, 03:50 PM) *
Okay, I saw this article and just laughed. Does this mean everyone with credit cards should sue the creditors for extending credit to those people who should not have a credit card? What about the creditors who send freshmen in college all the pre-approved credit cards they want? Logically thinking, the creditors know that half of the freshman cannot pay it back and will be paying on the $1,000 credit card for the rest of their life because they can only pay the minimum payment............. What about people who buy these huge houses who cannot afford to pay for them in the first place? There are nice homes around us and people may live in there for a year or so and then they are selling because they can't afford it......

I just thought this was interesting to share since we have this financial crisis going on and seeing that a lawsuit was against the creditors for them giving her credit.


This does not surprise me one bit. Although it may seem funny it is really sad to see what state the people in our country really are in. To knowingly charge up a big bill with no intention of paying it back and then turn it around and sue the store who gave you the credit? I just hope Oprah steps in and rights this wrong her crazy mother has done. It would be a drop in the bucket for her. There's so much of this crap going on these days, Geesh!
Sad Eyes
QUOTE(TrishaYrwoodFan @ Oct 4 2008, 10:19 AM) *
There's so much of this crap going on these days, Geesh!

I totally agree...It goes on at a national and personal level both. It's really sad when even "friends" stiff and make no attempt to repay a debt. So much for a person's word and being trustworthy.

Off my soapbox now...
TrishaYrwoodFan
Well it's a good thing you espouse this, Jan:

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-Janny
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“What do we live for, if it is not to make life less difficult for others? ”

—George Eliot
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