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'I've been pre-approved for a new credit card?'

DEFINITION: v. To offer pre-approved credit, loans or sweepstake prizes in order to lock the some poor sucker into permanent usury. n. Junk mail, spam or telemarketing offers for pre-approved credit and loans.

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Verboticisms

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Spamscam

Created by: kateinkorea

Pronunciation: SPAM SCAM

Sentence: I couldn't believe it when I got an email that said "The Perfect Man Dating Site". I hate spam mail and I usually ignore it. But this one had come into my Inbox, so I convinced myself that maybe it had been sent to me by a friend. It advertised that only 10% of the members were women and the rest were good, decent, successful men all looking for women. They were having a contest to encourage more women to join these poor (um...but not poor) lonely men on this site. So of course I went on to the website and joined. This was worse than spam it was spamscam. It was one of the worst ever rip-offs. I visited the site several times over the next week. Later I got a bill for $548. I hadn't read through the terms of membership (in my haste) and now I owed this place money for having looked at these profiles.

Etymology: SPAM: unwanted mail SCAM: trick to cheat someone out of something or into something

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COMMENTS:

Turned out to be a very expensive date! - Mustang, 2009-02-24: 19:00:00

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Owemen

Created by: Nosila

Pronunciation: o men

Sentence: Carol could not believe her luck. She had gotten in her mailbox the chance to get a pre-approved credit card. It was low interest (2%) for the first 3 months and then ballooned to 30% after that. She wanted to apply, but talked to her Mom first. Her Mom made her rip up the offer and chuck it away. She told her such a come-on was an owemen...she would owe men money for the rest of her days if she signed up!

Etymology: Owe (be in debt) & Men (people) and play on Omen (a prediction of your future)

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Blondissue

Created by: galwaywegian

Pronunciation: blond issss ew

Sentence: The bank offered a blondissue which, if you didn't read the small print, was to dye for.

Etymology: bond issue, blonde

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Preapprusury

Created by: mweinmann

Pronunciation: pree + appru + surry

Sentence: In the excitement of her preapprusury, Madeline forgot to check the terms and conditions; all there in fine print. If she had posessed a magnifying glass before she signed the loan papers, she might have realized that she had sold herself into indentured servitude.

Etymology: Pre-Approval + Usury >> Pre-Approval (An initial approval in writing by a lender subject to terms and conditions, which provides an estimate of how much a borrower can borrow) Usury (an exorbitant or unlawful rate of interest)

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COMMENTS:

Sorrowfull Borrowfool sentence and word! - silveryaspen, 2009-02-24: 15:08:00

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Abusury

Created by: Nosila

Pronunciation: ab yuz yuree

Sentence: The real reason that there is a world monetary crisis is because of the abusury of banks, lenders, credit companies and insurers. All those "introductory low interest or interest-free" credit cards and lines of credit were the bait used to lure the innocent consumers into financial ruin! They are the credit crystal-meth designed to addict and enslave.

Etymology: Abuse (treat badly;change the inherent purpose or function of something) & Usury (an exorbitant or unlawful rate of interest)

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Fakehoped

Created by: kitkat1995

Pronunciation: fake-hoped

Sentence: I have been fakehoped into a credit card last year, now Im stuck in debts.

Etymology:

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Scamwow

Created by: Mustang

Pronunciation: skam-wow

Sentence: Having been hammered over and over by a recent infomercial about a wipe cloth, wheneven Heathcliffe would see ads of any kind for those 'too good to be true' products or services he would involuntarily shout "Scamwow!", oftentimes startling people near him.

Etymology: Blend of scam and the exclamation'wow', a play on Shamwow, a commercially advertised product.

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Lendanger

karenanne

Created by: karenanne

Pronunciation: len DAYN jer

Sentence: Aiyo Yu keeps getting calls from PityBank (motto: "We Want to Help You Feel Forever In Our Debt") offering her the "opportunity" to roll her balances on other cards "free of charge" into the card she holds from this particular company. She also gets mailings from the same company inviting her to apply for various-sized loans that would pay off all her debts and give her "just one convenient monthly payment." These lendangering practices are helping a lot - helping PityBank, that is. She doesn't seem to realize that rolling all your outstanding debts into one payment is only helpful if you actually pay down the balance every month, and don't run up new balances. Most of her paycheck is a lendangered species at this point.

Etymology: endanger + lend

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COMMENTS:

An all-too familiar tale, sadly! - Nosila, 2010-09-07: 21:10:00

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Debtbillitation

Created by: Jabberwocky

Pronunciation: det/bil/i/tay/shun

Sentence: Offering credit cards to students who have just incurred huge loans is debtbillitation and shouldn't be allowed.

Etymology: debt + bill + debilitation (enfeebling)

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COMMENTS:

I think they should make that a real word! - kateinkorea, 2009-02-24: 07:55:00

Terrific! - TJayzz, 2009-02-24: 10:43:00

Owe! Owe! Good One! - silveryaspen, 2009-02-24: 14:41:00

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Mortalgage

Created by: Stevenson0

Pronunciation: mort/al/age

Sentence: The sales pitch and the rates were good we decided to lock into a 60 year mortalgage.

Etymology: MORTALGAGE - from MORTAL + MORTGAGE or MORTAL + ENGAGE

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COMMENTS:

very clever - Jabberwocky, 2009-02-24: 08:59:00

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Comments:

Verbotomy Verbotomy - 2009-02-24: 00:01:01
Today's definition was suggested by readerwriter. Thank you readerwriter. ~ James

readerwriter - 2009-02-24: 08:20:00
The thanks should go to my hubby who doesn't play, but loves to hear the defs!

Verbotomy Verbotomy - 2009-02-24: 22:59:00
Well lets give thanks to your hubby. Sounds like he has lots of good ideas! ~ James

Verbotomy Verbotomy - 2010-09-07: 00:00:00
Today's definition was suggested by readerwriter. Thank you readerwriter. ~ James