I haven't blogged about anything in a really long time-other then book reviews of course. But something is going on and I really have to write about it. THE BANKS, CREDIT CARDS AND OTHER FINANCIAL CONCERNS ARE AT IT AGAIN!! You would think they would have learned their lesson after the monetary crisis WE all are still to some degree or another dealing with. Why are they trying to get us to take on more debt? Yup-you read that correctly.
About two months ago now I got an unsolicited phone call from a debt consolidation company. You know one of those that will work with your credit card companies and try to make deals for you. Now there are legitimate companies out that do this. As a bookkeeper I have helped friends get in touch with these companies. Sometimes if you owe a credit card company a lot and you are far behind on payments they will recommend you go talk to one of them--What most people do not realize is that not all banks (credit card companies) will accept this. So you may be stuck with paying the consolidation company a fee plus the monthly amount for your credit cards AND the monthly charge on the credit card that did not accept. Now these companies will tell you this right up front-the legitimate ones.
Back to the phone call---the woman says to me-I hear you want to pay down your debt. I stared at the phone and said-Who is this? She then said-Oh-you didn't ask us to call? I said, NO, I certainly did not-she hung up! From that day to this I have been receiving mailings, letters, postcards etc ad nauseum telling me that they will give me anywhere from 25,000 to 56,000 dollars to pay off my debt and then I will only have to pay x amount of money to them--I don't think so. Understand, I am not even tempted-Yes, I am semi retired and Yes I have debt which I am slowly paying each month to each company on time and Yes, it is not easy. Where in the world did they get my name and approximately how much I owe. Are these the hackers who have been stealing info from the banks and once they realize that a particular person does not have money or credit that they can use or steal are trying it a different way--or or banks selling our information.
What I have also noticed is that I am getting lots of ads from banks offering me credit cards--UH--come on-didn't these banks learn their lesson yet? We are back to 0% financing for a year if you take the card--then the rate jumps to heaven knows what--24%, 29%? I am trying to pay off my debt--not add to it. I am slowly being able to use CASH only (Debit Cards are great.
I THINK I read somewhere that our country's economy survives on debt-well--I for one am getting off that band wagon.
The reason for this rather long post (for me at least)-BE CAREFUL everyone--strange things are happening once again--do not become a casualty!
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