View Full Version : £50 Billion+ owed on Credit Cards in the UK,apparently.
With people paying for food, fuel,drawing cash to make mortgage payments
and using credit cards more increasing to live more and more people are
finding themselves with arrears on their creadit card payments.
this money has to be paid back or they loose teh card facility.
Will this have a big effect on sign ups and ongoing membership payments?
How many of you have alternative payment methods?
Reverse Charge SMS, Premium Rate Numbers and Direct Debit Billing?
Taken the worlds love affair with mobile phones I think the Reverse Charge SMS option is a
good one to have as a payment method.
Premium Rate Numbers are always a good method of payment,as SD once said
"a credit facility available to everyone with a broadband connection"
I think thats what he said anyway!
And both methods don't attract many charge backs.
dvtimes
07-13-08, 09:02 PM
With people paying for food, fuel,drawing cash to make mortgage payments
and using credit cards more increasing to live more and more people are
finding themselves with arrears on their creadit card payments.
this money has to be paid back or they loose teh card facility.
Will this have a big effect on sign ups and ongoing membership payments?
How many of you have alternative payment methods?
Reverse Charge SMS, Premium Rate Numbers and Direct Debit Billing?
Taken the worlds love affair with mobile phones I think the Reverse Charge SMS option is a
good one to have as a payment method.
Premium Rate Numbers are always a good method of payment,as SD once said
"a credit facility available to everyone with a broadband connection"
I think thats what he said anyway!
And both methods don't attract many charge backs.
the thing will depend on if you rely mainly on uk customers or not.
i (do not know why) have have french sign up recetly.
the other question would be, is the type of person who goes out spending huge amounts on credit cards the same type of customer who buys porn?
i would presume those who have run up big debts obn credit cards are those who spend spend spend on cloths, going out, tv's and so on. I wonder if they are the ones who like to stay in and serfe the web looking at porn.
the thing will depend on if you rely mainly on uk customers or not.
correct. cos nowhere else in the world do we see plummeting house prices and banks crashing. all is just peachy everywhere else.
the thing will depend on if you rely mainly on uk customers or not.
i (do not know why) have have french sign up recetly.
the other question would be, is the type of person who goes out spending huge amounts on credit cards the same type of customer who buys porn?
i would presume those who have run up big debts obn credit cards are those who spend spend spend on cloths, going out, tv's and so on. I wonder if they are the ones who like to stay in and serfe the web looking at porn.
In America the amount held on credit cards is $1 Trillion and across the world
upto $3 Trillion.Thats a shit load of debt.
I would suspect people that surf porn like to wear clothes, go out for a beer and like watching a little TV, but I am only guessing!
Unfortunatley I don't have the figures for France.
The point was do people who have credit card debt cut back on what is classed as non-essential entertainment?
correct. cos nowhere else in the world do we see plummeting house prices and banks crashing. all is just peachy everywhere else.
except Leeds:lmfao:
dvtimes
07-13-08, 09:14 PM
correct. cos nowhere else in the world do we see plummeting house prices and banks crashing. all is just peachy everywhere else.
thats correct.....
but......
are people in other countries so heavily in debt on credit cards.
as long as they are not then they can spend.
if you read the first post it referes to the mess uk customers are in with credit cards.
while the usa has problems and some other countries too, one thing i have not heard is the problem with credit card debt.
even going back a few years while the times were good, it was even then reported that the uk was massivly in debt with credit cards.
dvtimes
07-13-08, 09:18 PM
In America the amount held on credit cards is $1 Trillion and across the world
upto $3 Trillion.Thats a shit load of debt.
I would suspect people that surf porn like to wear clothes, go out for a beer and like watching a little TV, but I am only guessing!
Unfortunatley I don't have the figures for France.
The point was do people who have credit card debt cut back on what is classed as non-essential entertainment?
traditionaly porn has been resesion proof.
the theory is that when people feel down they buy porn, booze and drugs.
ie, where you have unemplyment areas or places run down you will find far more people on drink and drugs.
the theory is more happy people are the less they want drugs, drink, porn.
this is a basis of carl marx's comunism. one reason why in comunist countries they make drugs and porn illigall, and in the most extream in ussr they even made it law to be happy in order to say that there (version of) comunism works.
thats correct.....
but......
while the usa has problems and some other countries too, one thing i have not heard is the problem with credit card debt.
.
I think $1 Trillion owed on credit cards means that a gooed percentage of that will not get paid.
And the fact that the biggest home loan company in the US is about to have $15 billion pumped
into and two of Americas biggest banks being bailed out by the US Gov may just signal a problem with debt.
traditionaly porn has been resesion proof.
the theory is that when people feel down they buy porn, booze and drugs.
ie, where you have unemplyment areas or places run down you will find far more people on drink and drugs.
the theory is more happy people are the less they want drugs, drink, porn.
this is a basis of carl marx's comunism. one reason why in comunist countries they make drugs and porn illigall, and in the most extream in ussr they even made it law to be happy in order to say that there (version of) comunism works.
What has paying for your porn via your mobile or landline got to do with Karl Marxs? Is he buying up the big sites of something?
Yes people will want their porn but it is how they pay for it the future taken that a lot of the surfers may not be able to afford to put the cost on their credit cards.
are people in other countries so heavily in debt on credit cards.
as long as they are not then they can spend.
bullshit. as long as you don't exceed your limit, you are free to spend. the amount is irrelevant.
if you read the first post it referes to the mess uk customers are in with credit cards.
so what. i replied to YOUR post where you babbled
the thing will depend on if you rely mainly on uk customers or not.
suggesting that selling to non-UK residents makes the UK surfers' debts irrelevant. which is yet again, you guessed it, bullshit, as the financial issues are not only a UK issue.
while the usa has problems and some other countries too, one thing i have not heard is the problem with credit card debt.
you haven't heard of a lot of things. like Australia not being part of the USA.
the enormous amount of debts piled on US CCs is such an old hat, it's not even hitting the headlines you like to post with out reading anymore.
strictlybroadband
07-13-08, 09:43 PM
What has paying for your porn via your mobile or landline got to do with Karl Marxs? Is he buying up the big sites of something?
You didn't read our press release?
You didn't read our press release?
:lmao2:
Do you use Reverse Charge SMS on the sites in your empire?
I'm still old school, my mum always told me to put a bit by "just in case" which is what has helped me ride income ups and downs and if others had done the same rather than this current or at least recent lifestyle of spend spend spend then maybe the world economy wouldn't be so fucked up
I use my CC for everything but it also gets cleared every month
strictlybroadband
07-14-08, 08:49 AM
:lmao2:
Do you use Reverse Charge SMS on the sites in your empire?
Yes - it's one of the payment options.
traditionaly porn has been resesion proof.
Nothing is recession proof, and the old saying "everyone will still want a wank" that gets bantered around is stupid. Everyone still needs to wear shoes, but shoe shops close, everyone still need to eat, but supermarkets make less money. Everyone still needs to use banks, but banks profits fall
The only people who are recession proof are insolvency practitioners.
Anyone who actually makes any volume of sales will know that cards are being maxed out and rebills are falling.
Yes - it's one of the payment options.
Have you noticed an increase in the use of this payment system over the last three/four months because some peoples ccs' may be maxed out?
A simples yes or no will do.
....Premium Rate Numbers are always a good method of payment,as SD once said
"a credit facility available to everyone with a broadband connection"
I think thats what he said anyway!
And both methods don't attract many charge backs.
Thanks.
It's almost what I said but to be a touch more acurate what I was saying at the time is that the vast majority of people have credit for porn at all times by the fact that they have a landline at home which they can use instantly by calling one of our chat lines, no flapping about, ring the number, get straight through & get ya jollies... payment by the caller of course comes further down the line depending on where they are in the quartily cycle with their provider such as BT etc.
It's an excellent payment method as most people have "Credit" at their disposal & feel secure with all the legislation / protection that the regulators have (Sometimes frustratingly to us) provided over the years.
(Whilst on the topic "Live Chat" for our own lines & those of our clients is going mental of late, long may it continue)
:)
strictlybroadband
07-14-08, 11:59 AM
Have you noticed an increase in the use of this payment system over the last three/four months because some peoples ccs' may be maxed out?
A simples yes or no will do.
Yes, there seems to have been a swing of about 5% of business from card to SMS.
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