General Discussion

linuxman

(2,337 posts)

1. I just try to stay out of debt and get any I have paid off quickly.

Reply to Maraya1969 (Original post)

Tue Jun 7, 2016, 05:04 PM

Jun 2016

I think it was Einstein who said that the most powerful force in the universe is compound interest. He wasn't kidding.

Currently debt free and looking to stay that way.

You can try and fight the collectors, but anything you signed on for is legally your responsibility in the eyes of the law. They can and will garnish any income you receive, fuck up your credit, and generally make your life worse when you don't fulfill the agreed upon terms.

Granted, there are some debts that can't be foreseen or planned for, such as medical. Certain steps can be taken to minimize that, however.

I'm not under the illusion that somebody is going to swoop in and rescue me from debt, should I incur any. To plan your life around that hope, or to just ignore it in the hopes it goes away or is lost in the shuffle is foolish. With credit default swaps and the like it HAS happened, but hoping for such a rare occurrence is a fool's strategy.

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Fighting debt collectors for the rest of us [View all] Maraya1969 Jun 2016 OP

I just try to stay out of debt and get any I have paid off quickly. linuxman Jun 2016 #1

Did you listen to the example from John Oliver? Maraya1969 Jun 2016 #2

Literally nothing I said is at odds with your first 3 paragraphs. linuxman Jun 2016 #8

Please go back and re-read my OP with the edit. It just blows my mind that you cannot wrap your Maraya1969 Jun 2016 #9

I never assumed you were poor, nor anything else about you. linuxman Jun 2016 #20

I'm the same way linuxman Yupster Jun 2016 #16

Once you get the big stuff out of the way, linuxman Jun 2016 #21

The real problems arise when the debts are sold. haele Jun 2016 #18

That sounds pretty shitty. linuxman Jun 2016 #22

I do that on unsolicited calls selling anything Jim Beard Jun 2016 #3

I had to talk with them a bunch and I wasn't even in debt nor owed any. NutmegYankee Jun 2016 #4

Yes, of course. Because it's the debt collector's fault that you're in debt. WillowTree Jun 2016 #5

DID YA CATCH THE PART WHERE I SAID "VICTIM" OR DO YOU NOT UNDERSTAND THAT CONCEPT? Maraya1969 Jun 2016 #6

Did you catch the part where you didn't give any info about your "victimhood"? WillowTree Jun 2016 #13

Your post has been bothering me and I think I just figured out why. Maraya1969 Jun 2016 #28

It's the debt collector's fault for violating laws with impunity. killbotfactory Jun 2016 #7

I have almost no debt, and all of what I do have is current, but I still get harassed Ex Lurker Jun 2016 #10

^^^This^^^^ Gormy Cuss Jun 2016 #15

I had that problem. Previous owner of my phone number was in debt, got harrassed for months. NutmegYankee Jun 2016 #24

A couple of my mother's friends have been tricked Mariana Jun 2016 #11

Thank you. From my experience they lie for a living. And from reading some of the Maraya1969 Jun 2016 #12

I agree. It IS the way conservatives think annabanana Jun 2016 #14

The Fair Debt Collection Practices Act is strictly enforced closeupready Jun 2016 #17

my sister got into trouble and since my dad had co-signed for her they started calling my mom demtenjeep Jun 2016 #19

That's it! That is what I was talking about and I'm so glad to hear someone used it way before it Maraya1969 Jun 2016 #25

I'm friendly with debt collectors. It's the worst job in the world. hunter Jun 2016 #23

I am really sorry you had to experience these things. Hopefully our country is Maraya1969 Jun 2016 #26

ask them if they are licensed KT2000 Jun 2016 #27