tag:blogger.com,1999:blog-3322214818626617753.post3217756015148492949..comments2023-08-21T00:20:34.367-07:00Comments on Cross Country Love: 13th curse?Sharonhttp://www.blogger.com/profile/17681678498937809483noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3322214818626617753.post-72110887549147197062009-11-16T08:24:08.812-08:002009-11-16T08:24:08.812-08:00Oh, and Graphic.blogspot, talk about a tactless co...Oh, and Graphic.blogspot, talk about a tactless comment.Little Brohttp://www.google.canoreply@blogger.comtag:blogger.com,1999:blog-3322214818626617753.post-77947399143502390502009-11-16T08:22:40.808-08:002009-11-16T08:22:40.808-08:00When I was in my early 20s I had a lot of difficul...When I was in my early 20s I had a lot of difficulty managing my finances. Hence it provided me with a great understanding of the world of collections. <br /><br />First, they always threaten legal action. But they never go through with it. Unless you have significant assets and unless the debt itself is significant. There's a reason for this that is quite simple. They are not going to pay a lawyer to go to court to try to get money from someone who does not have enough to pay the bill in the first place. It doesn't work and they know it. But the threat, in some cases, does.<br /><br />Second, the way a collection company makes money is by keeping a percentage of the amount of money that you owe to the creditor (usually between 20-30%) when or if you eventually do make payment. Hence, if you owe $5000 the collectors usually get $1000 with the rest going back to the company. This can also work in a slightly different way where the collection company purchases your debt at a serious discount and tries to get you to pay up. Regardless of who owns the debt, the resulting benefit to the debtor is still the same. <br /><br />The key takeaway here is that once you've been passed off to collections the original company has already written you off. This carries with it an important but oft unknown benefit to the debtor - bargaining power.<br /><br />First, collection companies want to deal with your debt in as little time as possible. As continued contact costs time and money. <br /><br />Second, they are almost always willing to accept vastly lower amounts as restitution for your outstanding balance. Remember, they are making money no matter what. It's not their money that is outstanding. <br /><br />Here's a logical layout of your options: <br /><br />IF you care about your credit rating and have the ability to pay something: OFFER 1/3 of what you owe as a one time payment. They may come back with a counteroffer but in every case it's always lower than the total amount. <br /><br />IF you don't care about your credit rating: Ignore them, permanently.Little Brohttp://www.google.canoreply@blogger.comtag:blogger.com,1999:blog-3322214818626617753.post-77341129326985213082009-11-14T22:16:43.506-08:002009-11-14T22:16:43.506-08:00Sharon...
I had to laugh about this one. I was bor...Sharon...<br />I had to laugh about this one. I was born on Friday the 13th, so it's been my good luck number as well!<br /><br />Sorry to contact you in this way, but I couldn't find your email address. I wanted to thank you for entering my first ever giveaway on giveaways 4 mommy [and for your sweet comment]! Unfortunately you were not the winner of the holiday cards. :( <br /><br />Good news is, that if you do decide to place an order on or before this Wednesday November 18th, you will receive 140 free coordinating return address labels for entering the giveaway. :)<br /><br />Thanks again - if you have any questions, please don't hesitate to ask! Have a great Sunday!!<br />Stephanie<br />www.graphici.blogspot.comgraphic ihttps://www.blogger.com/profile/16972177326158779351noreply@blogger.comtag:blogger.com,1999:blog-3322214818626617753.post-1330748496961003152009-11-13T15:36:18.817-08:002009-11-13T15:36:18.817-08:00Wow...I have no clue! I would hide under the cover...Wow...I have no clue! I would hide under the covers and tell my hubs to handle it. That probably doesn't help you does it?! HollyLife Laugh Lattehttps://www.blogger.com/profile/10250778672729867593noreply@blogger.comtag:blogger.com,1999:blog-3322214818626617753.post-33572102847843895122009-11-13T13:27:51.422-08:002009-11-13T13:27:51.422-08:00That stinks. I'm sorry to hear that. : (That stinks. I'm sorry to hear that. : (Pamhttps://www.blogger.com/profile/11379142829854106908noreply@blogger.comtag:blogger.com,1999:blog-3322214818626617753.post-25228285003518131702009-11-13T09:18:51.041-08:002009-11-13T09:18:51.041-08:00EEK! Go grab some good luck charms and stay insid...EEK! Go grab some good luck charms and stay inside, LOL. My birthday is the 13th of Dec, which occasionally lands on a Friday, but I choose to see it as good luck.Tattoos and Teething Ringshttps://www.blogger.com/profile/07270580320534546202noreply@blogger.com