Comments on: Would You Get a Savings Account With Your Credit Nemesis? http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/ Frugal living and debt reduction tips for a better financial future. This is one family's story. Fri, 27 Jan 2012 20:52:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ashley S. http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29553 Ashley S. Sat, 31 May 2008 04:34:05 +0000 http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29553 How about this question: would you work for the same company that managed to fully take advantage of you when you were pregnant in college, gave birth with terrible student insurance and put the balance of your medical bills on said credit card? My husband works for a certain company that is owned by a certain other company which totally enjoyed taking their very high cut of interest on our student card until we (thankfully) paid it off. Now that's a cordial relationship, no? How about this question: would you work for the same company that managed to fully take advantage of you when you were pregnant in college, gave birth with terrible student insurance and put the balance of your medical bills on said credit card?

My husband works for a certain company that is owned by a certain other company which totally enjoyed taking their very high cut of interest on our student card until we (thankfully) paid it off. Now that’s a cordial relationship, no?

]]> By: My Dollar Plan http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29503 My Dollar Plan Fri, 30 May 2008 19:41:15 +0000 http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29503 I wouldn't, not because the company would care, but because I don't do any business with Capital One. I just don't trust them. I wouldn’t, not because the company would care, but because I don’t do any business with Capital One. I just don’t trust them.

]]> By: Becca http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29492 Becca Fri, 30 May 2008 18:11:45 +0000 http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29492 I probably wouldnt. I don't trust Capital One enough. I think they would treat me as badly as a savings customer as they do now as a CC customer. I have never had a good experience with them. I only keep it around because it is my longest card history. Same with USBank. I had a CC and a savings account with them. They treated me very badly. Shortly after I moved my credit card to the Credit Union, I closed my savings account. I keep my checking account and joint account there only because it is too hard to move them at this point. All in all, if a bank treats me badly, I take my business away if at all possible. I wouldnt go back, even if they offered me some great perk, because I worry that it is a trap. I probably wouldnt. I don’t trust Capital One enough. I think they would treat me as badly as a savings customer as they do now as a CC customer. I have never had a good experience with them. I only keep it around because it is my longest card history. Same with USBank. I had a CC and a savings account with them. They treated me very badly. Shortly after I moved my credit card to the Credit Union, I closed my savings account. I keep my checking account and joint account there only because it is too hard to move them at this point.
All in all, if a bank treats me badly, I take my business away if at all possible. I wouldnt go back, even if they offered me some great perk, because I worry that it is a trap.

]]> By: FFB http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29478 FFB Fri, 30 May 2008 15:56:09 +0000 http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29478 Depends on what the trouble was. If they had terrible customer service and couldn't resolve things quickly then I might have to pass. Depends on what the trouble was. If they had terrible customer service and couldn’t resolve things quickly then I might have to pass.

]]> By: Foxie http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29460 Foxie Fri, 30 May 2008 13:40:05 +0000 http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29460 I've been considering opening a savings account with Capital One myself... I kind of like the rewards points for the savings balance, considering I tend to like to sit on my money anyways. My only card is through them, but I've been a deadbeat to them from day one, so there's no harsh feelings from my side. One of the only things stopping me is the decrease in actual interest from my ING accounts. I know it's because of the rewards, but I kind of like just having the money and not having to think of how far or how close I am to being able to redeem points for anything. I’ve been considering opening a savings account with Capital One myself… I kind of like the rewards points for the savings balance, considering I tend to like to sit on my money anyways. My only card is through them, but I’ve been a deadbeat to them from day one, so there’s no harsh feelings from my side.

One of the only things stopping me is the decrease in actual interest from my ING accounts. I know it’s because of the rewards, but I kind of like just having the money and not having to think of how far or how close I am to being able to redeem points for anything.

]]> By: Turn One Pound Into One Million http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29415 Turn One Pound Into One Million Fri, 30 May 2008 07:42:11 +0000 http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29415 I think if they were offering something really attractive then it would be silly to turn down the opportunity and would be a way (in a roundabout sort of a way) to get back some of the money from them that you were paying to them in interest. I think if they were offering something really attractive then it would be silly to turn down the opportunity and would be a way (in a roundabout sort of a way) to get back some of the money from them that you were paying to them in interest.

]]> By: Cheryl http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29405 Cheryl Fri, 30 May 2008 05:06:28 +0000 http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29405 err, I mean you paying them to use theirs, of course. err, I mean you paying them to use theirs, of course.

]]> By: Cheryl http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29404 Cheryl Fri, 30 May 2008 05:05:42 +0000 http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29404 It is possible that it might be better to open an account with them, rather than with someone else. It might be empowering to flip the scale from debt to saving with the same bank, turn a negative into a positive, etc. Having your former nemesis paying you to use your money, rather than you paying them to use yours...sounds pretty sweet to me! :) It is possible that it might be better to open an account with them, rather than with someone else. It might be empowering to flip the scale from debt to saving with the same bank, turn a negative into a positive, etc. Having your former nemesis paying you to use your money, rather than you paying them to use yours…sounds pretty sweet to me! :)

]]> By: Aaron http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29394 Aaron Fri, 30 May 2008 03:49:42 +0000 http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29394 I would. Or, I should say I did. I was in the hole to Citibank and they offered a promotion to open an online savings account ($50 bonus). I took the promo and closed the account about 2 months later. The interest rate was better with EmigrantDirect anyway. I would. Or, I should say I did. I was in the hole to Citibank and they offered a promotion to open an online savings account ($50 bonus). I took the promo and closed the account about 2 months later. The interest rate was better with EmigrantDirect anyway.

]]> By: David Carter http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29393 David Carter Fri, 30 May 2008 03:48:52 +0000 http://www.paidtwice.com/2008/05/29/would-you-get-a-savings-account-with-your-credit-nemesis/#comment-29393 Forgive and forget, why wouldn't you bank with them. If for some reason you didn't like their service or something like that I could see not wanting to put your money in their bank, but any other bank would have let you get into debt like that. You would only be punishing yourself if you didn't get the best rate on your money. Forgive and forget, why wouldn’t you bank with them. If for some reason you didn’t like their service or something like that I could see not wanting to put your money in their bank, but any other bank would have let you get into debt like that. You would only be punishing yourself if you didn’t get the best rate on your money.

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