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Oh yeah, a "business decision" is a great way to justify stealing. Whether it is a huge corporation or a person who spends beyond their means, stealing is stealing and it's just as slimy regardless of whether it is a corporation or an individual. So get a lawyer and try to pay off some debt.
So the credit card companys arn't "stealing" by driving up the interest rate if your a second late on a payment then oops, your paying 29% because you agreed to it but never thought god forbid, you'd be just a tad late on a payment.
B-T-W i have a friend who works in good ol Corporate America an "XYZ" Bank ( did not want to give the name) in their credit card division making a whopping $200k a year which includes bonus performance.( no college degree!!) More than your police, fireman etc,who put their lives out on the line everyday.They are not hurting whatsoever.
The original OP said she'd pay the original balance. If the greedy credit card company wont settle for the original amount owed but wants all of the interest for several years then they do deserve not to get a cent.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587
Collection agencies are scum. Send them a letter offering them a one time settlement of half the orginal amount ($1500) and tell them that is your final and best offer and, unless they accept it, they can go pound sand and never to contact you again.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587
Quote:
Originally Posted by Impalacat
You need to get a hold of a guy named Dave Ramsey, he has a talk radio show on debt, on XM radio and fox financial show on direct tv, he probably even has a web sight, I've heard this same type of question on his show and he tells people to offer them a lot less in a cash settlement and get it in writing that this clears the problem up 100%, maybe you could call his show and get his advice. just a thought.
That is true. According to Clark Howard, they buy the debts for pennies on the dollar so they will take a 50% settlement offer.
So the credit card companys arn't "stealing" by driving up the interest rate if your a second late on a payment then oops, your paying 29% because you agreed to it but never thought god forbid, you'd be just a tad late on a payment.
B-T-W i have a friend who works in good ol Corporate America an "XYZ" Bank ( did not want to give the name) in their credit card division making a whopping $200k a year which includes bonus performance.( no college degree!!) More than your police, fireman etc,who put their lives out on the line everyday.They are not hurting whatsoever.
The original OP said she'd pay the original balance. If the greedy credit card company wont settle for the original amount owed but wants all of the interest for several years then they do deserve not to get a cent.
Whoa, I never said the credit card companies weren't greedy. They're not stealing because you are well aware of late fees when you sign up for a card. Also, most companies will not only settle for the amount owed, many will settle for less. I simply said that anyone who has the money to pay back a debt but instead chooses to conceal the money and declare bankruptcy is a thief.
Thank you for taking the time to give me advice. We are not that far in the hole they just want to sue him for alot more than what he owes. I can not figure out why they wont settle for a little more than what he owed before all of the interest. If you have any advice on what to say to them to get them to settle that would be good. I am almost willing to tell them I am filing for bankruptcy so they will settle with me & it will be over. It will take them years to get all the $$ they say they want from my husband rather than take what I have to offer.
I do not understand why you waste your time trying to ruin other peoples days with you rude & depressing attitude. You might think of another way to occupy your time rather than replying negativly to peoples questions when they are just asking for advice!
I do not understand why you waste your time trying to ruin other peoples days with you rude & depressing attitude. You might think of another way to occupy your time rather than replying negativly to peoples questions when they are just asking for advice!
If you're talking to me, I was just giving you advice. In response to your other question, most of the time if you have a lawyer call the company they are willing to settle for a lesser rate. Just try it, because I work it usually works especially if you say you can't afford to pay it and you might have to declare bankruptcy if you're forced to pay the total amount.
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