Archive for September 2010
Get a new cell phone, straight talk or Netphone from Wally World, throw away the mail from these crooks. A couple of years later apply for new credit.
Works every time. These criminals at the banks are always desperate for debtors as they create the money from you signature. Once people understand how our money system works getting credit to buy junk is easy.
It’s much harder to increase your credit limits to borrow big. Then you need to prove income, past payment history and stability of income. In other words, getting high dollar credit cards is simple but buying and selling large assets require work.
Been there done that a couple of times. Staying employed 2 years and paying your credit accounts listed on the 3 credit reporting agencies for a couple of years is the key.
So worrying about the gangsters ruining your life is silly. Besides, it’s been my experience they can’t get blood from a stone, right? What about bankruptcy? Bankruptcy cost a lot of money and is normally a waste because you have to have a lot of assets to protect.
As for the big banks are concerned just like the politicians in our lives, these fuckers deserve to get screwed.
If you are one of the many who have fallen into the hands of the enforcement division of the banking cartel, there is good news: they are not the true Mafia. There is not much they can do to you or your family that their boss the credit card companies haven’t already done. The best suggestion is to ignore them until you plan a proper strategy to defend yourself.
Here are 5 reasons to ignore collection agencies:
1. Realize that you are not defined by your credit rating: Americans have become accustomed to revealing their credit rating practically by way of introduction. Realize that this is a number, and not your identity: the higher the number the more virtuous, honorable, hard-working, and moral you are supposed to be. Rather, it is has produced a type of caste system where a bad credit score can render one untouchable by potential employers. This system encourages class distinction based on economic viability and should not be encouraged by submitting to it.
2. Their bankster bosses manufactured the economic collapse: Never forget who created this problem to begin with. And they haven’t suffered a bit — thanks to we the taxpayers. Big banks already have seen the return of pre-credit-crisis profits. But they are still not happy; now they want more, even from those who have paid on time. While small and mid-size banks struggle, or are eliminated, the large banks that benefitted most from the taxpayer bailouts continue to consolidate wealth with record profits, as the rest of the nation suffers.
3. Understand that unsecured debts carry no obligation: This gets into the realm of rather complex contractual law, so one should do their own research and receive legal advice where necessary. In the most basic sense, collection efforts are regulated under the Fair Debt Collections Practices Act. Under this Act, the collection agency must obtain the consent of the debtor to accept the obligation to pay this third party that has provided no services or products. Essentially, the moment your debts are turned over to collections, your true obligation to pay the original debts has been released. This is probably why this zombie debt is sold to collection agencies for as low as three cents on the dollar. But you are expected to pay back the full amount, of course.
4. These agencies often use fear and harassment: We all desire a way to feed our families, but the collection agency business truly is a racket, and anyone making their living this way is supportive of a criminal endeavor on many levels. Their tactics only reinforce the criminal element, as they have been documented to utilize unethical, unprofessional, and even illegal means to force cooperation. By law, they are not supposed to contact family members, friends, or employers, but this practice has become almost routine. Many reports have been issued about the verbal abuse that often ensues, including profanity. They have been known to lie, citing their “right” to seize your property for non-payment. The last resort is the threat of legal action. These people have no power other than their words. You shouldn’t even be on the phone long enough to hear their threats and abuse.
5. You might not be free even if you pay them: There are countless forums describing countless collection agency horror stories. One forum I found addresses one of the more notorious agencies, NCB. I was able to obtain the company’s Pennsylvania office phone number, which led to a more specific thread documenting first-hand experiences. This company is known to be one of the worst, and even has allegedly been tied to identity theft. Additionally, a fair amount of people have reported that they still were hounded for payment even after paying their debt. Because of the increased competition in debt collections — and so many new agencies coming and going — there are many abuses of the FDCP. Please read the thread and judge for yourself.
Learn your lesson well: First, accept responsibility for believing that money grows on trees. Yes, the system used every weapon in its arsenal to sidestep common sense and logic, but realize this creature for what it is: debt slavery. Make a commitment never to send yourself willingly to the clutches of the racket known as unsecured credit.
Only get credit cards to build up your FICO score. Pay them off and quit using them. Borrow all you need from you credit union for cars, houses,boats, etc. use personal and unsecured loans instead of credit cards.
I’m paying 5% percent on a 6 year old Suzuki Suv bought 6 months ago. I can get boats and RV’s at 4.5% right now with at the NADA blue book with no money down. The only thing they don’t loan on is mobile homes so I’d have to borrow with personal loan for that.
The boom is coming. The big boys are buying each other up and preparing for it. I’m doing the same. When it hits I don’t know but I want to be ready. If it doesn’t and the bust get going again I’ll just borrow all I can and retire to Florida on my yacht, LOL.
All of our money comes from debt to private banks — banks that try to make it look like governments are at fault for their countries falling so heavily into debt. The truth is that banks take the profits that could have been used to better maintain the society if only the people’s money was issued by governments through state-owned banks, as was the case, for a time, in both Australia and the US.
What private banks have set up is actually the world’s largest pyramid scheme, in which new people must always be going into debt in order that others obtain the currency they need to function within the economy. Within such a system, total indebtedness must continue to increase in order to provide the money that people need in an ever more productive society.
I do much better than minimum wage and have full benefits. Same with the old lady. Walmart paid for Patti’s 2 operations and my heart attack. I figure close to $80,000. We set up, with Walmart contributing a couple of thousand, our insurance plan and now my medical rehab and medicine costing over 1500 a month is paid in full, for my lifetime.
Anyone joining Walmart has plenty of opportunity to advance. Except for drunks, the lazy, incompetents, criminals, and what not. Since I’ve held union offices in the past, I can tell you why we are not unionized.
We don’t want these people working here! And that’s what you end up with as the Union spends all of it’s time defending these types to show their members their doing all they can to protect the members from “evil management”.
Most union officials I know of have great checks and full paid for benefits. Just like the gangs in politics. Beats working, don’t you think?
Enjoy the show. It’s produced by “The John Stewart Show”, a left wing mouth piece who’s very close being drummed out of the Democrat party for this bit of Apostasy.
|The Daily Show With Jon Stewart||Mon – Thurs 11p / 10c|
Paying off old debts, increasing income and improving credit scores will get the economy back on track. Unfortunately for politicians in charge it takes time. Years in this case.
Want to speed it up? Send cash directly to the the taxpayer and reignite the boom. Of course, in 5 or 10 years the next bust will make 1937 look pretty tame but hey, we’re talking about saving political careers.
Anyways the good news is the Dem’s lose in November. The bad? Republicans win. We really need conservatives to get the economy under control but ain’t going to happen!
A naive view says that what we need is a return to virtue: everyone needs to save more, pay down debt, and restore healthy balance sheets.
The problem with this view is the fallacy of composition: when everyone tries to pay down debt at the same time, the result is a depressed economy and falling inflation, which cause the ratio of debt to income to rise if anything. That is, we’re living in a world in which the twin paradoxes of thrift and deleveraging hold, and hence in which individual virtue ends up being collective vice.
So what will happen? In the end, I’d argue, what must happen is an effective default on a significant part of debt, one way or another. The default could be implicit, via a period of moderate inflation that reduces the real burden of debt; that’s how World War II cured the depression. Or, if not, we could see a gradual, painful process of individual defaults and bankruptcies, which ends up reducing overall debt.
City can’t pay it’s bloated budget so they raise taxes and give their employees a raise. Do you really wonder why the tea party is gunning for tax and spenders?
Good thing they don’t start using real guns, right?
“The $7.3 billion budget for the fiscal year beginning Oct. 1 calls for hiking property tax rates 14 percent to offset the drastic plunge in property values and increases in various county fees. County parks will get new parking fees. Water bills will go up, too. To make ends meet, the county is also tapping reserves.
The moves enable Miami-Dade to plug a $444 million budget gap that stemmed from the lower property tax values and a drop in other revenue, such as gasoline and sales taxes. It also provides pay raises for most county employees.”
This is good. I remember Pat Buchanon advocating this along time ago. back before we gave our economy away to the chinese and their western bankers.
Not a snowball’s chance. it would bankrupt all the guys who got us into this mess.
(Reuters) – The House of Representatives Ways and Means Committee could vote as early as Friday on a bill that would allow the Commerce Department to apply duties against China’s “undervalued” currency, a source familiar with the discussions said on Tuesday.
“I have heard from I think some pretty reliable sources there would be a markup on Friday, and it would go to the House floor next week,” the source said, speaking on condition that he not be identified.
Taxed to death. Send the good jobs overseas, import foreigners, cut their benefits, force them or bribe them to invest in the crooked stock market, and guarantee they can be defrauded by the banking system out of their assets.
As I posted before, a sovereign nation can always inflate their debts away and not go bankrupt. You and I can’t. But that doesn’t stop them from trying to save their cushy asses. What have we learned from Empires that have had this problem?
No government has ever survived doing it yet. Why is this one any different?
You find it curious that no matter how much you work, you always have less and less money at the end of the month. It’s outrageous! And you want to know where the money went! “Hey”, you shout. “Somebody is stealing my money!”
More probably, it is the wife and kids wasting my money on frivolities like, for example, going to a movie, when they have a perfectly good TV at home where they can watch movies for free, instead of costing me money.
Or they are eating in a restaurant, instead of coming home to eat food that is, admittedly, past its expiration date, but the loss of crispness, taste and nutrition are more than offset by the savings that add up when paying the much lower cost of this food, some of which is actually free if you dig it out of the dumpster out back.
I personally don’t eat it, of course, but it ought to be good enough for teenagers, and if they don’t like it, then they can get a job and buy their own food!
Justifiably incensed and angry about all of this financial foolishness, I am on my way out the door to yell at the wife and kids for being such wanton wastrels, foolishly buying whatever it is that they are buying that is wasting all my money, when I happened to see that the real reason my money is disappearing is revealed in an editorial in The Washington Times: “We Can’t Afford This Government.”
This was no doubt prompted by the announcement by Americans for Tax Reform that “the average American worked 231 days just to support government, which consumes 63.41 percent of national income.” Yow! The government consumes two-thirds of income! We’re freaking doomed!