Register for $oxtober: Bring Your Credit Card

The worm is starting to turn on credit cards, and credit card companies. Several recent studies, including some done by the Federal Reserve (even though that organization is stinky enough at this point) have actually painted the average payday loan company as being far more realistic and fairer sources of consumer credit than credit cards. Card companies use FICO scores to determine rating, whereas payday lenders use Teletrack, which tracks subprime credit history. Teletrack lenders were 8 times more accurate than FICO. This could mean that credit cards think themselves invulnerable and beyond needing to be competitive for consumer business (the definition of a monopoly) whereas payday loans are a customer driven enterprise.

it works with a fake credit card number. still, pretty sketch. i wonder how many folks get signed up for the SI autorenew as a result of this.