The stupidest thing I have ever heard on "The Suze Orman Show"

College Life
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<p>A 21 year old girl called in on “The Suze Orman Show” and asked what she should do to get rid of her credit card debt. When she was 18, she got approved for a credit card with a $400 limit. The day when she got the card, she used up the $400 credit limit and bought an iPod. </p>

<p>The girl said that she didn’t know that she had to pay back the money. She thought that it was free money. She kept getting letters in the mail from the credit card company, but she ignored them. Now, at 21, she finally realized that she has to pay the money back (I can’t even imagine what the current balance is).</p>

<p>I just can’t get over the fact that there are people out there who have no common sense. Any experiences with people like this?</p>

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<p>i’m just trying to figure out what the interests have added up to</p>

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<p>The credit card company’s ideal idiot.</p>

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<p>I remember a woman who wanted to buy superbowl tickets for her son (about 10 years old) for 8k (on the same show a few months back). 8k is about 2-4 months of her income. She didn’t have anything saved and she wanted to give her son the “experience of a lifetime.”
Hearing that made me question her common sense. A kid’s going to thank a parent more for caring and providing for him rather than splurging on an one day event.</p>

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<p>that would explain our economy today</p>

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<p>People are morons.</p>

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<p>Out of curiosity, if she really thought this was free money - why stop at just buying an iPod? Who thinks they have an unlimited supply of free cash and just says “That’s okay, all I want is an iPod.”</p>

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<p>she had a $400 limit so she only had $400 in “free” money</p>

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<p>There is the ability to get more than one credit card…particularly in a 3 year period.</p>

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<p>The trend of offering credit cards to college students has shifted and hopefully coming to an end</p>

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<p>i don’t think that trend has ended. i get so many credit card offers it’s ridiculous. in fact i recall, the one credit card i wanted at first declined me when i was 18. i then tried again like 1-2 yrs later and got approved. i rejected all the other offers in between that time from other companies. it’s really annoying to get them. i kno for fact that citibank tries to get students to sign up every year at my school by offering coupons or discounts to restaurants near my school if you just fill out a form to get approved. not sure how long they’ll keep on doing that though haha</p>

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<p>I am still stunned from the original post. </p>

<p>People like that shouldn’t be able to vote.</p>

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<p>yeah I got a ton of offers too; fortunately I wasn’t 18 yet when I started college so I had a legitimate excuse not to get one. I still get stuff from citibank all the time. I have one credit card that I use infrequently (it’s mostly for emergencies). I usually just use my debit. But I definitely know that I have to pay off that money at some point! And I have run it up to the $750 limit before too, which sucks but happens. (I paid it off with my scholarship money refund check)</p>

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<p>I opted out of all offers, so I never get any credit card offers from any company (except my current bank - who keeps raising my limit, I’m at $6,000 so far…guess they’re hoping I’ll get int trouble.)</p>

<p>Ironically, Suze Orman’s tips are how I got a decent credit at my age.</p>

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<p>How old are you plattsburgh?</p>

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<p>Wow! I’m not so dumb after all, compared to her at least. :)</p>

<p>I would love to see a clip of this on YouTube. What was Suze’s response?</p>

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<p>i always want to call suze orman and be like “suze, i have $700 in my checking account, $90 in my savings, $15k in student loans, make $10/hr at a part time job where i work 24 hours a week, and no investments. can i afford chipotle tonight?”</p>