Quote:
Originally Posted by AmeliaG
It is not just the economy making people tighten their belts, but the contraction of the consumer credit markets. A site membership is a small indulgence and a lot of SpookyCash site members were perfectly happy to continue paying monthly, but their credit cards were turned off or their limits were slashed, as the banks paid themselves bonuses with our tax dollars. I believe the customers are probably telling the truth on this because I had my own primary credit card frozen the day before Xmas by BofA and I know my card was in good standing and I'd been their customer for years.
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As has been said many times (by Robbie for sure just the other day) this is the perfect storm. The glut of content doesn't help, the pirates don't help, the problems with high risk processing don't help, the credit crunch doesn't help.
There are still plenty of people out there that would love to pay for a membership (despite knowing full well that they can get it for free) but have credit issues ... whether their own fault or through clamp downs.