And we wonder why poor people have lots of debt...
 

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A melee at a Kmart store in Wauwatosa Saturday morning was started by a computer glitch.

The store was running a promotion in which it would give away $10 to anyone applying for its credit card, but the computer glitch led to everyone's application being granted -- bestowing up to $4,000 in instant credit to anyone who applied even if they shouldn't have qualified.

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Once word started to spread about the so-called "free money" Saturday, witnesses said things got pretty nuts inside the Wauwatosa store.

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Two employees confirmed for police that anyone who applied was being given instant credit -- from $850 up to $4,000. They also told police that people started calling other people to the store for so-called free money. The store ran out of credit applications.

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But there is hope! Check out this entrepreneur:

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One witness told police someone went to another Kmart, got some applications there and was selling them in the Wauwatosa Kmart parking lot for $20 apiece.

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http://www.wisn.com/news/14697601/detail.html

Re: And we wonder why poor people have lots of debt...
 

Credit cards are free money.. What the problem is?

Re: And we wonder why poor people have lots of debt...
 

Anybody click the link for the video report?

"There was just a whole trampede of people..."

Re: And we wonder why poor people have lots of debt...
 

The stupidity of the masses can blow the mind sometimes.

Re: And we wonder why poor people have lots of debt...
 

I dont get it. People thought they didnt have to pay back the money?

Re: And we wonder why poor people have lots of debt...
 

hra,

credit card = free money.


i guess this is true if you already have creditors busting down your door and your credit score is 300.

Re: And we wonder why poor people have lots of debt...
 

if your credit is so bad that you can't get approved for an 850 dollar credit limit then it pretty much is free money.

Re: And we wonder why poor people have lots of debt...
 

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the computer glitch led to everyone's application being granted

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Yeah, "computer glitch". Not the case at all.

12 year old kids and dead dogs can get $850 in credit. This was planned.

Re: And we wonder why poor people have lots of debt...
 

EDIT: Sorry, double post.

Re: And we wonder why poor people have lots of debt...
 

GG America..GG