Go to work on an egg, just don't pay with it...


It all seems a bit odd for a UK credit card lender until:

C is for “cursed”.

From the comments to the piece, it seems that many of those refused further credit are the ones with perfect credit scores who pay off their balance each month and thus earn Egg very little. Creepy stuff for us prudent pinsters!

First we had property bubbles, then we had derivatives bubbles, now we have credit card bubbles. What’s next?

  • I’m forever blowing bubbles,
    Pretty bubbles in the air,
    They fly so high,
    They reach the sky,
    Then like my dreams,
    They fade and die.
    Fortune’s always hiding,
    I’ve looked everywhere,
    I’m forever blowing bubbles,
    Pretty bubbles in the air.*

Are West Ham United the official asset and credit bubble Premier League team? It would be a good fit. They spent like a drunken sailor to avoid relegation last year and they are paying Freddie Lungberg, an Arsenal cast-off, £85k/week!!!

It’s Ljungberg… One for the ladies!!!


Nice, got any ones of Essien? :wink:
And while I’m on the subject, cool avatar TUG but Jeff is easier on the eye than his Dad. Who was the last one of? It looked like Spike from Buffy to me :blush:

Credit Card Companies do not want people who pay off all their balance every month, they want people as follows;

Go over their limit (but stay within the 10% shadow limit no one is supposed to know about) :laughing:

Make the min payment which only covers a %age of interest. :cry:

Take cash withdrawals so they can fleece you with interest charged from day one. :smiling_imp:

They also like about 3-5% of bad debt which (i.e. missed payments that will be paid but are always late and hence they make a fortune on it) :imp: Speaking of bad debt they will be seeing an awful lot of this in the near future I feel.

It was indeed.

James Marsters.