...Kardashian Debt Kard Update

Well it seems as if that too has passed. The Kardashain Kard is no more. The girls were getting a lot of heat for attaching themselves to a card that charges you before you use it.

"Just to buy the card and use it costs $59.95 for six months, or $99.95 for 12 months. That does not include any money on the card. The person buying the card must add money onto it.
The initial feels were just the start. After those six or 12 months are up, it costs $7.95 a month to keep using the card. Users have to pay $1.50 to withdraw cash from an ATM, and $1 to check their balance. Talking to a customer representative on the phone costs $1.50 for each call, and canceling the card costs $6.
Losing the card results in a charge of $9.95. If the loss is reported within two days, then losses are limited to $50. But if the loss or theft is not reported, and the issuer believes the user knew it was lost or stolen, then losses could be as high as $500, according to the terms and conditions on the Kardashian Kard website."

A lawyer for the Kardashians asked that their name and likeness be removed. Apparently thee have worked hard on their images, minus the sex tapes and random acts of stupidity, and they did not want them to be damaged. Connecticut Attorney General Richard Blumenthal called the card "predatory" and ordered an investigation. Since the time the card was released earlier this month all financial advisers and consumer agencies warned people not to buy this card. Finally less than a month later the card is gone. This just goes to prove more of my point that the Kardashians are grand opportunist and are all about themselves. Money and fame over anything else. So of course it is not hard for me to give this 2 Digits Down, even if it is dead.

...Kardashian Debit Kard

Well it seems as if the Kardashians are trying to keep America in debt. They launched their new debit card and so far all of the money experts are frowning upon it. Farnoosh Torabi wrote, "According to the card's fine print, the card will run you $99.95 for a year or $59.95 for six months. After that it's $7.95 per month. There are also the typical ATM withdrawal fees. By contrast, a recent Consumers Union survey that looked at 19 prepaid cards found that activation fees tended to start at $3 and reach as high as $40." This is normal, I guess, but the main problem is that the cards will be market towards tweens and teens who, as we know, are GREAT with money...NOT! These cards will become something like a fashion accessory and will be used to buy a lot of junk and the bills will just keep adding up. The spokesperson for MasterCard claimed that this is a good learning tool for teens to gain responsibility with money and it will also help parents monitor their kids spending. I have an even better idea, why not just add your kids to your account(s) and monitor them that way, it is cheaper, possibly even FREE. Again I think this is a typical case of a celebrity cashing in on a product they know nothing about or would not actually use themselves. This just further ties in the theory I have about Kim Kardashian being a very selfish person who just plays a role for the cameras, they all may be that way actually. For a fact they all seem a little too desperate for cash, from the mother down to the daughters. This could end up being a bad idea on their part if things backfire. I am giving this card a Digit Down.

...The Crystal Cathedral

Although this is not the 1st church to close or go under during this recession, this has to be one of the most well recognized to do so. The Crystal Cathedral in Southern California, known for its "Hour of Power" shows, has filed for bankruptcy due to debts that exceed more than $43 million. It has a mortgage of $36 million and owes more than $7 million to vendors of many sorts for things over the years. The church had been negotiating a repayment plan with it's vendors but a string of lawsuits threw that out of the window. With its 10,000 members and millions of viewers around the world the church is trying to stay away from credit and is only using the nearly $2 million it receives monthly from members, donations and revenue. The church also sold some land and property to stay afloat. Hopefully the church does emerge from this shinier and newer and with a better sense of financial responsibility. I do not want to see this beautiful church go down and have this palace like cathedral possibly turned over into the wrong hands. I am giving this news a Digit Down for sure.