Java Zen:Thinking Out Loud Friday, 2017.12.15
As in certain cults it is possible to kill a process if you know its true name.

		Ken Thompson and Dennis M. Ritchie

2006.06.17

Modern Day Marshalsea

While on a recent trip I found myself short of cash. “Not to worry,” me thinks. “A convenient cash advance from my credit card and all will be set right.” And so it was, until I got my credit card bill. I hadn’t done any kind of cash advance for years, as in 15 years. Having learned early about the black pit that is “Credit Card Debt,” I vowed to myself as a young lad never to fall into that dark, unholy place again. Since that day, I’ve paid my credit card balance in full each month.

But there are new rules (new to me, anyway) about cash advances. Not only do you pay a “fee” for the cash advance transaction, $20 in my case, but the damn thing is subject to immediate and Draconian finance charges. Check out the APR put in place by a simple cash advance:

Ouch

It would seem with the recent changes in bankruptcy laws (aggressively lobbied for by the banking and credit card industry) and the ability to jack interest rates to such obscene levels, the credit card industry has successfully pilfered the signage above the very gates of Hell: “All hope abandon, ye who enter here!” All the more reason to be mindful of the benefits of hard work and grateful I can pay my balance in full each month.