axxx
United States of America#2General Comment
Wed, February 24, 2010
The post says "I agree with many others, it just seems easier to wait for the repo man." But it may surprise you to know there is an easier way - Just pay your bills on time, and if there is even a chance that you are not going to be able to pay the bill DON'T BUY THE CAR, HOUSE ETC because that means you can't afford it!!! If you don't have atleast a 6 month emergency fund - you shouldn't be buying anything but a bus pass because the first time any problem comes along like a job loss the whole house of cards falls down, and then on top of being out of cash you will have crappy credit for the next 7 - 10 years which may stop you from getting a new job.... The post says that banks are "exploiting the desperation of people. Do your best to resist!" This post is my way of "resisting" the stupidity of people who have to "have it now" and get into debt that they can't pay, and then blame everyone else and expect outside parties to take a loss when they fail to live up to their word.
Karl
Highlands Ranch,#3Consumer Comment
Wed, February 24, 2010
you must answer your phone, correct?
Robert
Buffalo,#4Consumer Suggestion
Wed, February 24, 2010
There is no federal law that stipulates that a creditor may only call a debtor once every seven days. Also, there is no federal law that states a vehicle lien holder cannot state the intention to repo the vehicle if the account is not made current, if the creditor actually intends to repo the vehicle.
Kindly post this federal law!!!
Hint: It is NOT the Fair Debt Collection Practices Act.
mikenkiki05
viola,#5Consumer Comment
Wed, February 24, 2010
fedral law stats they can only call you 1 time in 7 days call them tommorrow ands tell them they are breaking the law and that you are documenting the calls from now on they also cannot threatn you to repo the car call a lawyer and you can win a lawsuit, just call them up tell them u dont want to be called again for 7 days counting the day that you call in just a tid bit of info for you google fedral law on debt collecting.