I apologize if it seemed as if I was personally attacking you. There have just been so many posts on the board from people who are upset about loan interest charges or product fees, etc., when all that information is presented. Even if your rep doesn't specifically go over it with you, fees, interest, etc. are always disclosed. Even if you have to read that little book, with the small writing, I just tell people to read, read, read, before you sign for credit, accept credit, etc.
So many people blame banks for the credit crunch but I blame people who don't read. You take out a loan for hundreds of thousands of dollars and get angry at the guy who sold you the loan because he didn't fully disclose, what might happen. As a salesmen, that is sales 101, no I am not going to highlight that your rate might jump 10% but I will tell you their is important information that you need to READ. As a salesmen, I will tell you what I need to get you to sign that contract, short of being dishonest. As a customer it is important to make sure you understand the substance behind the sale and the marketing.
What about personal responsibility? What about reading? 15 years ago when I bought my first home, my closing took 11 because I took my sweet time, the lawyer was pissed, but I read every single page of my documents, I asked questions, bought a dictionary, nothing got past me.
So, metomsky, my apologies again, I am sure you are not a deadbeat, I am sure you want to pay your debts, it just blows me away that people treat debt like it is no big deal. Most consumers would attack their employer if they worked two weeks and the employer sad opps I can't pay your $2000.00 paycheck but I will give you back all that paperwork you did for me. Well it works the same way for companies, you can't say I took out that $200,000.00 loan but since my house hasn't doubled in value, opps I am not going to pay you, here is your house back. It's crazy. Sorry I tend to rant on this subject.
