Extortion on the rise!
Yes, and it seems legal, technically. I am sure many of you have received unsolicited credit cards and given lines of credit. When the cards plus all the terms arrived, you will find that you will have to pay an annual fee. Sometimes they called, and I politely told them that all my credit cards are free. If they are giving them free to me, I will keep them. If not they can cancel the cards and facilities. Now this practice is getting more arrogant. They just send the package to you, And they bill you if you did not call them to reject them. The onus is now upon the recipients to call and act on something he does not ask for. Now he has to take the trouble to make those nonsensical calls to a phone machine and to wait for several minutes, pressing stupid numbers to get through. And you don't normally get through on the first attempt but after several attempts. I just received another card, with lines of credit, with cheque books, and of course with an annual fee. I conveniently threw everything into the rubbish chute. I am waiting for the bank to call me for payment of annual fees. You can expect what I am going to show them. Is there any law that I can go to for redress against such extortionist acts? The banks may even use their legal muscle to threaten small people like us for not paying. What is this country turning into? Oh, and I remember sometimes back a big shot banker was complaining about unethical practices in the industry. Is this unethical practice?