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#33
11-02-2007, 09:23 AM
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Now that this can of worms is open,let's play devil's advocate. I manage a bank where a person is paying me $2000 month and is late one time. What do I do? He owes me $10000 if I demand balance in full,but what does he really have that I can take for payment and how difficult will this process be!! Continue my train of thought for some interesting theories.
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Cajunbulldog Keeping an eye out for consumers. http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809 http://www.ftc.gov/os/statutes/fcrajump.shtm http://www.debtconsolidationcare.com.../about216.html Use this letter to protect your rights under the FDCPA myfairdebt.com & myfaircredit.com-Good source of case law in forums. 
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#34
11-02-2007, 09:28 AM
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Well Cajun, i just dont' see this happening!!! I mean it would cost the bank loads more money to go forward with this and they may end up with NOTHING in the end... how in the world would that be beneficial to them at all???? I just don't see it!
And also i now understand much better but i think this probably NEVER happens (or hardly ever) which should have been stated instead of matter of factly like it happens all the time! That scared the beejeebus outta me so i'm sure it did the new member also! :shock: Agian thanks, Ang __________________
You will not be punished FOR your anger; you will be punished BY your anger. --Buddah
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#35
11-02-2007, 09:43 AM
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Lawsuits are risk/rewards based and a decision must be made on every one.
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Cajunbulldog Keeping an eye out for consumers. http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809 http://www.ftc.gov/os/statutes/fcrajump.shtm http://www.debtconsolidationcare.com.../about216.html Use this letter to protect your rights under the FDCPA myfairdebt.com & myfaircredit.com-Good source of case law in forums.
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#36
11-02-2007, 09:50 AM
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So i see what ur saying here now... would a cc company take the "risk" of a law suit taht they could possibly lose when a customer is already paying?? Good point if that is indeed ur point! :lol:
Ang __________________
You will not be punished FOR your anger; you will be punished BY your anger. --Buddah
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#37
11-02-2007, 09:54 AM
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I try to look at it from a business prospective.Their contract gives both me and them a ton of options.Now of those options what is most profitable and which one at the same time will keep the customer where you want him.A bank likes easy money and lawsuits are not easy money especially if the poor consumer is broke to begin with as his payment plan will probably be lower than what he is paying the bank now.
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Cajunbulldog Keeping an eye out for consumers. http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809 http://www.ftc.gov/os/statutes/fcrajump.shtm http://www.debtconsolidationcare.com.../about216.html Use this letter to protect your rights under the FDCPA myfairdebt.com & myfaircredit.com-Good source of case law in forums.
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#38
11-02-2007, 09:57 AM
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Anyone that is in the legal field and works for original creditors would understand my theory. I once held a lawyer from out of state off for three years by telling him in black and white how much a lawsuit in La. would cost him and how little he would see of it due to me being very broke.
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Cajunbulldog Keeping an eye out for consumers. http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809 http://www.ftc.gov/os/statutes/fcrajump.shtm http://www.debtconsolidationcare.com.../about216.html Use this letter to protect your rights under the FDCPA myfairdebt.com & myfaircredit.com-Good source of case law in forums.
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#39
11-02-2007, 09:59 AM
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That was my point Cajun in a few of my post but just not put as eloquent as u have put it!
Guess i'm not very good with words!  Ang __________________
You will not be punished FOR your anger; you will be punished BY your anger. --Buddah
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#40
11-02-2007, 09:59 AM
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Quote:
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#41
11-02-2007, 10:14 AM
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:lol: :lol: He would have to use numbers,but no I don't have any cc cards with 18% interest. Bank savings are worthless though!
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Cajunbulldog Keeping an eye out for consumers. http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809 http://www.ftc.gov/os/statutes/fcrajump.shtm http://www.debtconsolidationcare.com.../about216.html Use this letter to protect your rights under the FDCPA myfairdebt.com & myfaircredit.com-Good source of case law in forums.
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#42
11-02-2007, 10:50 AM
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For a good saving rate (not to get totally off subject in this thread), open an online acct at ingdirect.com. You link a bank account and transfer money back and forth. Current savings interest rate is 4.2%.
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#43
12-31-2007, 04:35 AM
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I agree with ang!!!!!
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