17 Dec
2003
17 Dec
'03
11:17 p.m.
Forwarded message:
Date: Sun, 22 Dec 1996 15:43:28 -0500 (EST) From: Michael Gurski <mgursk1@umbc.edu> Subject: Legality of requiring credit cards?
It's that wonderful season again, when all the assholes are out in force, and people feel obligated to purchase merchandise to give to each other. For various reasons, I don't believe in credit cards, and yet, trying to pay for something by personal check at the local Hecht's, they either *require* a credit card, or go through the Nazi check-warranty company Equifax.
Equifax does business by tracking reputations, as do all credit reporting companies. That's how a free market handles bad checks.