one of the nails in our coffin

tony404 · 10-13-2009

http://atlanta.bizjournals.com/atlan...l?surround=lfn

Since September 2008, there are 88 million fewer credit card accounts, and credit lines have been reduced by $751 billion. However, delinquency rates are the highest they have been in five years, with 4.36 percent of bankcard accounts more than 60 days late in September, up from 3.39 percent a year ago and 2.8 percent in September 2007.

softball · 10-13-2009

That about says it all. I think its good news, however, because like all things, this credit crisis shall pass. This is our biggest problem and we can do nothing about it except have faith in our product and press on regardless.

tony404 · 10-13-2009

Quote:

Originally Posted by rhetorical

That about says it all. I think its good news, however, because like all things, this credit crisis shall pass. This is our biggest problem and we can do nothing about it except have faith in our product and press on regardless.

well said brother rhetorical

bluemoney · 10-13-2009

I just keep working it!

PS. Can I use my Visa to pay my Mastercard?

RawAlex · 10-13-2009

Quote:

Originally Posted by bluemoney

I just keep working it!

PS. Can I use my Visa to pay my Mastercard?

That is what a lot of people are doing. Cash advance on this one, to pay that one, and then reverse 15 days later. Buys you a month, costs a fortune to do.

Hell Puppy · 10-14-2009

Quote:

Originally Posted by RawAlex

That is what a lot of people are doing. Cash advance on this one, to pay that one, and then reverse 15 days later. Buys you a month, costs a fortune to do.

I pay my Visa with my Amex, then I pay my Amex with my Mastercard, and then I pay off the mastercard with my Amex reward points.

I'm making money hand over fist!

Cleo · 10-14-2009

I have no credit card debt these days.

I've been there, done that, and know better then to ever be in credit card hell again.

i've been saying all along that it isn't the tubes that is our major problem, it's credit card declines.

On the paysites that I manage I'm seeing a massive amount of card declines each day.

I have great credit but even I have to call my bank sometimes before my card is accepted online to buy something.

I see this as a positive sign though. It isn't our business model that is flawed or that the novelty of porn has worn off or something else. Once the credit card mess has cleared up sales should get back to normal.

SteveHardeman · 10-14-2009

At least this is a problem that affects all industries and not just adult. I'm about tired of hearing about issues that affect only adult.

miz_wright · 10-14-2009

This looks familiar.

tony404 · 10-14-2009

Quote:

Originally Posted by SteveHardeman

At least this is a problem that affects all industries and not just adult. I'm about tired of hearing about issues that affect only adult.

But it effects us more being online and having people in our industry that bang credit cards. So you got less credit, less credit cards and then the group left with credit cards are afraid to pull it out because they got bang when they thought they were signing up for one thing.

housekeeper · 10-14-2009

Quote:

Originally Posted by Cleo

It isn't our business model that is flawed or that the novelty of porn has worn off or something else. Once the credit card mess has cleared up sales should get back to normal.

I'll second that thinking...

bluemoney · 10-14-2009

Quote:

Originally Posted by housekeeper

I'll second that thinking...

I'll third that with my fingers crossed.

10-13-2009	#1
tony404 Members Join Date: Nov 2003 Posts: 926	one of the nails in our coffin http://atlanta.bizjournals.com/atlan...l?surround=lfn Since September 2008, there are 88 million fewer credit card accounts, and credit lines have been reduced by $751 billion. However, delinquency rates are the highest they have been in five years, with 4.36 percent of bankcard accounts more than 60 days late in September, up from 3.39 percent a year ago and 2.8 percent in September 2007. __________________ www.creamycandy.com yum yum.

10-13-2009	#2
softball Members Want to see your own Advertising Here! Join Date: Jul 2005 Posts: 6,165	Re: one of the nails in our coffin That about says it all. I think its good news, however, because like all things, this credit crisis shall pass. This is our biggest problem and we can do nothing about it except have faith in our product and press on regardless.

10-13-2009	#4
bluemoney Right HERE . . . BITCH! Join Date: Jan 2006 Location: Chronic Town Posts: 1,295	Re: one of the nails in our coffin I just keep working it! PS. Can I use my Visa to pay my Mastercard? __________________ True Beauty Cash For High Quality Erotica \| Certified Hosting Is Da Fucking Bomb "Don't Get None On Ya"

10-14-2009	#7
Cleo Omnipotent Ruler Of Perversion Join Date: Oct 2002 Location: SouthEast Florida Posts: 810	Re: one of the nails in our coffin I have no credit card debt these days. I've been there, done that, and know better then to ever be in credit card hell again. i've been saying all along that it isn't the tubes that is our major problem, it's credit card declines. On the paysites that I manage I'm seeing a massive amount of card declines each day. I have great credit but even I have to call my bank sometimes before my card is accepted online to buy something. I see this as a positive sign though. It isn't our business model that is flawed or that the novelty of porn has worn off or something else. Once the credit card mess has cleared up sales should get back to normal. __________________ Pimp My Tranny Neighbor Traffic Trades

10-14-2009	#8
SteveHardeman Managing Some Moron's Program Join Date: Sep 2009 Location: Atlanta, GA Posts: 76	Re: one of the nails in our coffin At least this is a problem that affects all industries and not just adult. I'm about tired of hearing about issues that affect only adult. __________________ BrokeAmateurs.com and GirlsGoingSolo.com and PureAshley From AmateursConvert.com

10-14-2009	#9
miz_wright Head CheeseMonger Join Date: Aug 2007 Posts: 1,069	Re: one of the nails in our coffin This looks familiar. __________________ Sales Babe and General Nerd Be different; get it Wright Wright Stuff Consulting Hit me on ICQ at 353902844 or email me at liz (at) wrightstuffconsulting (dot) com