Creditors Are Evil
May 30, 2008
Check this out… I’m not a bad citizen. I pay what I need to. I do my best with stuff. But, we also all know that the economy is going straight into a hole. So, sometimes, when you get charged 25% interest it’s hard to pay the card.
Do you know, that credit companies are now calling me at my home office? That’s right… I’m expecting calls from students, and the phone starts ringing at 7:00 in the morning… and won’t stop until 10:00 at night. So, because of my aggravation, I wanted you all to know how illegal this is and to let you know that there are restrictions on credit card companies harassing you. Basically, there things is to set you on a psychological imbalance so that you pay them your life savings. However, they actually don’t have that right. If you are dealing with credit companies…here’s their restrictions.
1. They can’t call you during office hours.
2. They can’t call your office. AT ALL.
3. They can’t call anyone else in your home, such as family or relatives.
4. They can’t call you before the hours of 8 AM or after the hours of 10 PM.
5. You don’t have to promise them anything if they do call, meaning a ‘payment plan’ or even a debt settlement.
That’s right. It’s basically a harassment line. And, if they call you, you have every right to sick ‘em. And, I would do it on all levels. The only way that creditors are going to stop trying to run over everyone’s lives and keep them in a point of submission is if everyone starts learning the rules and doesn’t get trapped by their corporate decision to leave all of the poor people in turmoil and strife.
In the years ahead, this is definitely one of the areas that U.S. citizens are going to have to start to battle… if the credit card companies don’t completely fall on their own from the harassment, you can expect some rebellion will start… or at least I suggest it does.
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The law that Brooke is referring to is the FDCPA and it’s regulated by the Federal Trade Commission. She is right most creditors are evil. I worked for a company for 2 days that taught me the law and then the next day was how to break it. Get familiar with the FDCPA and ask the creditors when they are calling you and talking to you more then once a day ‘Are you familiar with the FDCPA?’ What they bet on is the odds that you don’t know the law and how to protect your family.