Alpha Consumer

Attention Walmart Shoppers: No Credit for You

By Kimberly Palmer

Posted: January 15, 2009

Credit card companies won't just be looking at late payments to decide who gets loans, but also location, profession, and shopping habits, according to the firm Casey Research.

Consumers who happen to live in an area with a high foreclosure rate or who work in real estate, construction, or the auto industry also might find it more difficult to take out credit cards, says Casey Research. Even shopping at Walmart could raise a red flag, adds chief executive Olivier Garret.

Does that remind anyone else of George Orwell's novel 1984? I'd like to be able to shop where I want without worrying about being penalized for it. And when did it become a bad thing to shop at a store with low prices?

Screw the Credit Check

There are so many pay as you go credit cards that allow you to manage your money that you don't even need to worry about the big wigs such as Bank of America or Chase. I prefer the pay as you go credit cards because A. there isn't any credit check, B. I can never go overlimit, and C. It has all the benefits of a credit card without a million fees. 1984--I'm not surprised we have made it that point either. It was coming. I'll let the president know how mean the credit companies are, he'll show them, lol.

Dominique of LA @ Mar 18, 2009 02:48:02 AM

WAKE UP

Where does ANY get a say in where I shop and what I use to pay for it? If you want my opinnion and must people don't, this where all our problems began. Credit card Co.,banks who got to big for themselves and they want to punish us, the people who offered them business? They didn't offer you buisness, you offered it to them. I say let the big banks and credit card co. fall flat on their ASS, because that's where they deserve to be. If my money is not good enough reguardless of where I shop and how I pay for it, then I dont want you. The more who comply with this BS, the more the banks and credit card co. control you and they WILL end up with the final say on what YOU can do. People wake the hell up, this AMERICA, dont let them do this.

Pam of WV @ Mar 18, 2009 01:14:45 AM

Shopping at Walmart

What if it's the only department store in my area within 5-10 minutes. They will take that against me. COme on give me a break. Stop them fast!

T.Wayne of CO @ Mar 18, 2009 00:49:05 AM

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Alpha Consumer

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.


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