With the bailout on wall street and the American being burdened with this debt and not getting any bailout, I myself decided to stop paying on my credit card.
If they can get away with a bailout, then I'm going to get away with it.
How this relates to this forum. To any payday loan people with loans that are not licensed in a state or are illegal, forget about paying them back. They have no legal recourse and in this day in age with the economy you need to look out for yourself. Push aside any moral obligations, these people don't care about you, show no mercy.
I'm personally not paying my credit card as more of a stand up and fight the hypocrisy stance then anything. I know i'll get the calls, whatever, but I will change my number. They might try and seek a judgment but I'll judgment proof myself.
If they get a bailout, then I get a bailout. Forget bankruptcy and the hassles that go along with it as well.
I know posting this on this specific forum might be considered crazy, but like I said it's time to take a stand, to forget these companies who could care less if your dead or alive, and take care of yourself.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.