You spelled it wrong its "Baah Baah Baah"
Posted on 06/15/2014 12:50:54 AM PDT by pansgold
This advice is worth what you paid for it.
You see, after 90 days of not paying on a credit card, the bank charges it off and sells the debt along with hundreds or thousands of others to a collection agency for 1/100th of the value of the original debt. The debt buyer then tries to collect from the debtor and they keep all the money they can collect.
They will take you to court and try and garnish your wages for 6 to 8 or 12 years. That’s when you ask the court to force the new debt holder to show the court proof of ownership (paper documents) for the debt they are trying to collect for.
These creditors are buying debt with the click of a mouse over the internet and will have none of the original paperwork. The reason, it’s cost prohibitive and a filing nightmare. These creditors prefer to operate with only intimidation and threats. They gamble in getting a judgment by your failure to appear in court. SHOW UP IN COURT!
Just watch the debt purchaser drop the case and give up on collection.
I’m sure flippin’ B-Mac’s for minimum wage will support the family of 5 in resident Barack Hussein Obama’s America.
If legally it were stealing we would still have debtor’s prison and failure to pay a debt would be a felony. It may be a moral failing. I have suffered a few over the years.
What if the government forced you to pay taxes and then gave that money to banks 9Who own those Credit Card Companies) because they were in danger of collapsing but were deemed "too big to fail" and then you find out the government is so far in debt (and getting in deeper every day) that you children's grand children will still be paying on that debt with their tax dollars when they are senior citizens?
First of all, there should be no minimum wage at all. It's slavery just as is unionism. And just what were the items or services you purchased on credit? If they were essential, you should have paid in full. If they were unessential, you shouldn't have bought them in the first place.
My first job paid me $45.00 a week. And to this day, I think in those terms and adjust my lifestyle to live within my means. Furthermore, when I was still working, I planned as if my employer would go out of business at any time and always had a fallback strategy.
You contact the Dept of Industry, Labor and Human Relations. They will get your money even if it means shutting your bosses doors for good and selling the assets. The first thing to be paid is always WAGES.
One persons moral failings are not an excuse for your moral failings. “Everybody’s doing it so it’s ok”.
Look I’m not being high and mighty here. I’ve had no money. Lived in dangerous neighborhoods where PD drags people out in the night, my car is broken into multiple times, women mugged outside my window and the bastard is gone before I can get there, no heat in the middle of a northern winter. I get it.
For most of my life I’ve been an employee. Then I went out on my own. For the past x years I’ve signed the front of the paycheck and not just the back. It puts a whole new perspective on things.
We should all strive to act morally. If we don’t then the whole system falls apart.
Evaluate your circumstances and determine what you can pay, no matter how “small”, and pay it.
No employer pays minimum wage if you have a half-a-brain and work hard.
MILLIONS of Americans are out of work and thanks to Barack Hussein Obama they will never find a job equal to the one they lost.
Nowadays with the cost of gasoline $45 bucks gets most people to a minimum wage job for 3 days a week.
Do you miss GWB yet? How about that $1.85 gas when he left office.
Company is bankrupt. Get in line, this will take a while.
>> $45 bucks gets most people to a minimum wage job for 3 days a week.
You’re talking trash.
that sorta makes paying the credit card bill rough huh?
But you didn't answer the question...
Everyone of us are being robbed right now as we type these words. If someone keeps robbing me over and over and over when do I get to say enough?
How many times do I have to pay that debt? If I owe Bob's Bank 5 bucks and each and every day Bob's Bank steals 5 bucks from me and (every other tax payer) and the government sanctions the theft (FED Prints new bucks, then funnels money to the banks via shady bond swap/0% interst loan to banks) why should I continue to be a sheep and submit to the robbery?
The game is fixed and we the taxpayers are losing.
All those banks got a bailout when do we get ours?
blah blah blah.
I have been falsely billed by Verizon for ten years now. I worked out the error with their representative and he agreed that the bill was a duplicate and he told me that I could disregard future invoices on the matter. In fact, I was convinced that the bill was a triplicate. I had moved and changed banks at about the same time but I absolutely paid their bill, and I was annoyed when I was sure I had double paid them.
A few months after that talk I began receiving the bogus bill once again along with threats of legal action.
I like this idea a lot as working it out proved fruitless and there seems to be no reasoning with these people who perpetuate this false charge against me.
I like this idea a lot for my case. By the way, the total $$$ is shy of 50 Bucks. It us not just the money, it is the principle of the thing.
You are talking foolish.
Go buy 12 gallons of gas at $4.15/gal. for an old pickup truck and see how far you get.
Yes, for all of his shortcomings, I do miss President George W. Bush. I also miss the leadership of Newt Gingrich when the Conservative Rebellion of the mid-90s neutralized KKKlinton and gas was 97 cents a gallon here in Texas.
Regardless of the price of gas, I drive only when necessary. Even at my advanced age, I use a bicycle when going to the grocery store and for other errands. I probably have shot my Conservative credentials here on FR by admitting to using a bike. :)
You spelled it wrong its "Baah Baah Baah"
You forgot the worst part. They “changed” the law a few years back that allowed credit card companies to renege on their contracts with the consumer. Miss a payment by a single day (even if you had been a longtime good customer), and have your interest rate hiked to 20% or more.
Total “Usury”...and they got a bailout on top of it.
We paid all of ours off, and will NEVER be involved with these thieves again. I would be thrilled if everyone just quit paying them En masse as a protest.
We own one car and no bike so I walk to the grocery store and the bank etc. so I really lost my Creds then...
>> $45 bucks gets most people to a minimum wage job for 3 days a week.
That’s $15/day round trip, $7.50 one way.
Gas is about $3.65/gallon.
So about 2 gallons one way.
Average mpg is about 25 mpg, so 50 miles one way.
If you are driving 50 miles one way for a 3 day a week minimum wage job you should re-evaluate your circumstances and make whatever changes are necessary. Perhaps move into town.
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