I’ve had the TV on way too much, because I heard something else that made me shake my head. A commercial came on for this place called Canada Reconnect. It gives prepaid phone service to people who, for one reason or another, have had their phone disconnected. Keep in mind that most of these people have had their phones disconnected for not paying their bills. So they’re probably under a heap of debt. This will become important shortly.
So, this company has a real special deal on right now. These poor unfortunate souls can make their phones ring, and make their pockets jingle once again with…drum roll please…a new credit card. No approval necessary, they’re just handing these out like candy. Does anyone see a problem with this?
Hey, I’m all for giving people second chances, but this just seems to be inviting doom. How about letting them start with a phone and work up to a credit card? Almost as funny is credit card companies setting up a booth in universities trying to get kids, who are most likely ass-deep in student loans, to get credit cards. But something about this phone-reconnecting company’s plan seems too weird, almost creepy. It’s almost as if this company is trying to lure these debt-ridden people into deeper debt under the pretense of giving them a chance. Don’t get me wrong, I know that these people can think for themselves and should be able to know to stay away from a credit card until other debt gets worked down, but desperate people do desperate and stupid things, and a new credit card might look like a temporary answer to their problems.
I went to their website, but it hasn’t been updated since April, so I can’t read about how this is supposed to work. Maybe if I could read that, I would understand. But as it stands, how long does anyone think this offer will last before the brilliant geniuses at the company start to notice that there are a lot of maxed out credit cards on their hands?