ArkieBassMan
Silver Member
I've been reading several posts lately about CRHers all across the country losing their buying and/or dumping privileges. Inevitably there will be at least one reply about how the "greedy" CRHers are ruining it for everyone with their mega-box orders and thousands-of-dollars at once dumps. For the most part I disagree.
First off I don't believe that the actions of a few big-time CRHers could change bank policy nationwide. Sure, a single CRHer could definitely affect bank policy at a single branch or even a single city or area, but nationwide?? That seems very unlikely to me. I just don't think that someone ordering 10-20 (or even 100) boxes a week in a single town could change the whole system. It just isn't enough money to the banking system as a whole to raise a red flag. To me, that seems as absurd as driving 50 extra miles one way to buy gasoline 1-2 cents a gallon cheaper. It just doesn't make sense.
The problem, IMO, is the economy...not CRH. As you all know, banks make their income by loaning cash and charging interest on that loan. And let's face it, people aren't borrowing like they were a few years ago. Houses and cars aren't being purchased at nearly the same rate. Throw in the fact that banks are being much more scrutinized and cannot approve a $250,000 loan to any walking stiff that comes through the door and the banking industry is feeling the same pinch that nearly everyone else is. So what do the banks do? Naturally, they look for new ways to earn back their lost income. Much like some airlines have done, many banks are now beginning to "nickel-and-dime" their customers to retrieve some of that lost income. Services that used to be free aren't anymore. Blaming CRHers for these new fees is much like blaming all the new airline fees/surcharges on the people that fly the most often.
Banks are "tightening their belts" just like many of us have had to do. Anything a bank does that does not generate income - like ordering boxes of coins for CRHers - now has the possibility/probability of being discontinued and/or incurring a fee. Did CRHers cause this? No...the economy did. CRH just got caught in the crossfire.
First off I don't believe that the actions of a few big-time CRHers could change bank policy nationwide. Sure, a single CRHer could definitely affect bank policy at a single branch or even a single city or area, but nationwide?? That seems very unlikely to me. I just don't think that someone ordering 10-20 (or even 100) boxes a week in a single town could change the whole system. It just isn't enough money to the banking system as a whole to raise a red flag. To me, that seems as absurd as driving 50 extra miles one way to buy gasoline 1-2 cents a gallon cheaper. It just doesn't make sense.
The problem, IMO, is the economy...not CRH. As you all know, banks make their income by loaning cash and charging interest on that loan. And let's face it, people aren't borrowing like they were a few years ago. Houses and cars aren't being purchased at nearly the same rate. Throw in the fact that banks are being much more scrutinized and cannot approve a $250,000 loan to any walking stiff that comes through the door and the banking industry is feeling the same pinch that nearly everyone else is. So what do the banks do? Naturally, they look for new ways to earn back their lost income. Much like some airlines have done, many banks are now beginning to "nickel-and-dime" their customers to retrieve some of that lost income. Services that used to be free aren't anymore. Blaming CRHers for these new fees is much like blaming all the new airline fees/surcharges on the people that fly the most often.
Banks are "tightening their belts" just like many of us have had to do. Anything a bank does that does not generate income - like ordering boxes of coins for CRHers - now has the possibility/probability of being discontinued and/or incurring a fee. Did CRHers cause this? No...the economy did. CRH just got caught in the crossfire.
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