moldy fox primitive's life's a mess

[DixieBelle]

Yes, you guys are right. This is probably a zombie debt that was bought for pennies on the dollar. It was probably written off years ago. And I'm sure the DUmmie was hounded with calls and letters by the card issuer and he chose to ingore them. You don't all of sudden get hounded for a six year old debt. He's leaving out the part about getting calls and letters over and over starting when he missed the first payment. He probably thought this would go away.

[Carl]

Exactly,all I have is a high school diploma and have done infinitely better then this person with 4 years of college.

Life is what you make of it and we all have down moments,we all feel sorry for ourselves now and then,it is called being human.

Conservatives go through it and go beyond all the while learning lifes lessons.

DUmmies just whine.

Many (most?) Conservatives have college degrees (I do).  The difference is we get degrees in Finance, Medicine, Science, etc. -- things that will lead to well-paying and satisfying jobs.  DUmmies go after degrees in Womyn's Studies, Cinema Appreciation, etc. -- things that will lead to nothing but a couch in Mommy's basement and em[ty-pocketed smugness.

College wasn`t an option 26 years ago the reasons for which I won`t go into because..
A..It is pointless
and
B..Nobody does or should care

Hindsight being perfect,should have tried to make it an option in the years that have followed but I didn`t and there is a price to pay for it,I accept that.
It still doesn`t mean life is hopeless,just in some ways one has to be more careful is all.

Regardless..imho 4 years of higher education with absolutely nothing to show for it means the person is a loser and probably always will be.

[BannedFromDU]

I think they have seven years to collect.
It is definitely a fly-by-night collection agency who bought the debt, the original issuer wrote the DUmmy off 5 years ago.

And if it's a fly-by-night collection agency, this is not the first the DUmmy has heard from them.  He's gotten countless nasty letters and phone calls, and chose to "just not deal with it".

     *cracks knuckles*

     Time for a little edjumacation.

     Most of the companies who buy debt at pennies on the dollar are not "fly by night," and they generally do not collect on "zombie" debt. There are several examples of publicly traded debt buyers, who are subject to almost as much regulation as are lenders, including being looked over by financial auditors. The FTC oversees adherence to FDCPA, FCRA, and an array of state-level laws and regulations.

     The statute of limitation for the purpose of legal action depends on the state, and ranges from 48 months post-chargeoff to more than 7 years. Not all accounts are economic to sue - in many cases there are no assets, or the balance is too small to justify court costs. Owners of debt incur court costs of litigation up front, and are in no way guaranteed to recover those costs. As a result, debt buyers are somewhat selective in the accounts they sue (spare me the one-off stories, please...they TEND to be selective).

     In most cases, the debtor does not even appear in court, at which point a judgment is typically awarded to the plaintiff. In some cases, it is possible to garnish wages or attach bank accounts. It depends on the state and the court, and does not always apply. Many, many judgments are "nonperforming," which means that the debt owner won the suit but is not collecting any money.

     Keep in mind that people who buy debt at pennies on the dollar are also collecting at pennies on the dollar. They offer large discounts (again, spare me your special cases), and only a small percentage of people who owe money actually pay.

     "Zombie" debt is NOT "any debt that has been charged off." Zombie debt is OUT OF STATUTE DEBT , which means that it is too old to be reported to credit bureaus, and is too old to be sued. Anyone who pays on zombie debt is paying out of the goodness of their hearts. Anyone who claims they've been sued for zombie debt is (a) lying, or (b) about to have the case tossed out of court by an irate judge, who WILL sanction the lawyer who brings an ineligible suit. People who have collections horror stories and claim that the debt is out of statute are LYING. If a collector calls on out-of-statute debt and you don't want to pay it, here is what you do: TELL THEM TO PLEASE STOP CALLING YOU. It's just that simple. If they keep calling you, and especially if they make threats, then decide where in your home you would like your new 50" LCD TV and call a lawyer.

     If the debt is within statute, and you don't like being called, then BE RESPONSIBLE AND MAKE A FREAKING PAYMENT.


     That is all.

[BannedFromDU]

I call them "fly-by-night" as a derogatory term for them.
I had a run-in with some recently.  They sent me letters demanding a payment.  They had the wrong guy, names the same, different SSN's, and it sure wasn't me they were after.  I called a lawyer, he did some research into the debt they were trying to collect, it was 18 years old. 

     That happens. Here's HOW it happens: most debtor data is dealt with at the batch level, on production platforms, with automated processes. When a third party verifies information, or updates it, it can come back confused or just plain wrong, usually because of the matching logic employed. The agencies who are truly fly by night are the ones who won't deal with their mistakes immediately. Those are worth money, too, if you want to retain a lawyer and rattle your saber.

[DixieBelle]

We have no idea what the real story is regarding the DUmmie and his $800 CC debt. Anything is possible. Up to and incuding him being a liar. He did admit it was a valid debt. I pointed out that had he been a little consumer-savvy, he could have avoided all of this by following the law in the fair debt collection practices.

There are unscrupulous debt collectors out there who do break the law. Ask my brother. He had a zombie debt collector come after him and he won a lawsuit against them because they applied the debt to everyone with his name (which is common) hoping for a nibble.  Lots of people are getting scammed by scummy debt collectors who knowingly break the law, not have clerical mistakes or are just careless.

[Carl]

I think they have seven years to collect.
It is definitely a fly-by-night collection agency who bought the debt, the original issuer wrote the DUmmy off 5 years ago.

And if it's a fly-by-night collection agency, this is not the first the DUmmy has heard from them.  He's gotten countless nasty letters and phone calls, and chose to "just not deal with it".

     *cracks knuckles*

     Time for a little edjumacation.

     Most of the companies who buy debt at pennies on the dollar are not "fly by night," and they generally do not collect on "zombie" debt. There are several examples of publicly traded debt buyers, who are subject to almost as much regulation as are lenders, including being looked over by financial auditors. The FTC oversees adherence to FDCPA, FCRA, and an array of state-level laws and regulations.

     The statute of limitation for the purpose of legal action depends on the state, and ranges from 48 months post-chargeoff to more than 7 years. Not all accounts are economic to sue - in many cases there are no assets, or the balance is too small to justify court costs. Owners of debt incur court costs of litigation up front, and are in no way guaranteed to recover those costs. As a result, debt buyers are somewhat selective in the accounts they sue (spare me the one-off stories, please...they TEND to be selective).

     In most cases, the debtor does not even appear in court, at which point a judgment is typically awarded to the plaintiff. In some cases, it is possible to garnish wages or attach bank accounts. It depends on the state and the court, and does not always apply. Many, many judgments are "nonperforming," which means that the debt owner won the suit but is not collecting any money.

     Keep in mind that people who buy debt at pennies on the dollar are also collecting at pennies on the dollar. They offer large discounts (again, spare me your special cases), and only a small percentage of people who owe money actually pay.

     "Zombie" debt is NOT "any debt that has been charged off." Zombie debt is OUT OF STATUTE DEBT , which means that it is too old to be reported to credit bureaus, and is too old to be sued. Anyone who pays on zombie debt is paying out of the goodness of their hearts. Anyone who claims they've been sued for zombie debt is (a) lying, or (b) about to have the case tossed out of court by an irate judge, who WILL sanction the lawyer who brings an ineligible suit. People who have collections horror stories and claim that the debt is out of statute are LYING. If a collector calls on out-of-statute debt and you don't want to pay it, here is what you do: TELL THEM TO PLEASE STOP CALLING YOU. It's just that simple. If they keep calling you, and especially if they make threats, then decide where in your home you would like your new 50" LCD TV and call a lawyer.

     If the debt is within statute, and you don't like being called, then BE RESPONSIBLE AND MAKE A FREAKING PAYMENT.


     That is all.

That cuts to the heart of the story and my initial skepticism of it.

It is a lie period,end of discussion and only thrown out on the island because the poster knew that no one there would be smart enough to pick up on it.

The whole thing is likely a fabrication by someone that is not emotionally or mentally mature.
Kind of typical for DUmmies really.

[DumbAss Tanker]

Regarding "Zombie debt," note that the so-called Statute of Limitations (which is different for different types of actions, and differs somewhat from state to state), is an "Affirmative defense," which means the Judge is not obliged to raise it on his own as an issue, the burden to raise the issue is legally on the party that would want to assert it (i.e the Defendant).  Not that a Judge WON'T raise on his own, and then bitch out the Plaintiff for trashing up his docket, but he is not obliged to even mention it.

[BannedFromDU]

Regarding "Zombie debt," note that the so-called Statute of Limitations (which is different for different types of actions, and differs somewhat from state to state), is an "Affirmative defense," which means the Judge is not obliged to raise it on his own as an issue, the burden to raise the issue is legally on the party that would want to assert it (i.e the Defendant).  Not that a Judge WON'T raise on his own, and then bitch out the Plaintiff for trashing up his docket, but he is not obliged to even mention it.

Depends on the state. For example, in Wisconsin, when debt goes out of statute, it ceases to exist altogether.

[DumbAss Tanker]

If you say so.  WI would be quite an outlier if so.

[delilahmused]

The guy lives with his parents, how many bills could he have?  I'd think he could find a way to at least squeeze an extra $10.00 a week. We've had a few tight spots over the years and I've yet to find a mortgage company, credit card issuer, even the phone company who wasn't willing to work with us.

Degree or no degree no one starts at the top. Retail provides many opportunities for advancement. Heck, hardworking 17 year olds and Jack in the Box can become shift supervisors, working part time and going to high school. This is just a pity party.

Cindie

[Servonaut]

Hell the DUmmie is young enough, he should try the military.
I took what learned in 4 years active AF and turn it into a 21 year career
with some really good bennies.

He might learn some self-discipline at the same time.

[Vagabond]

Exactly,all I have is a high school diploma and have done infinitely better then this person with 4 years of college.

Life is what you make of it and we all have down moments,we all feel sorry for ourselves now and then,it is called being human.

Conservatives go through it and go beyond all the while learning lifes lessons.

DUmmies just whine.

Many (most?) Conservatives have college degrees (I do).  The difference is we get degrees in Finance, Medicine, Science, etc. -- things that will lead to well-paying and satisfying jobs.  DUmmies go after degrees in Womyn's Studies, Cinema Appreciation, etc. -- things that will lead to nothing but a couch in Mommy's basement and em[ty-pocketed smugness.

Looking at the demographics regarding education levels in this country, it is unlikely that most conservatives or liberals have degrees.  Though it seems that more conservatives have at least some college or educated skill set.

[BlueStateSaint]

Exactly,all I have is a high school diploma and have done infinitely better then this person with 4 years of college.

Life is what you make of it and we all have down moments,we all feel sorry for ourselves now and then,it is called being human.

Conservatives go through it and go beyond all the while learning lifes lessons.

DUmmies just whine.

Many (most?) Conservatives have college degrees (I do).  The difference is we get degrees in Finance, Medicine, Science, etc. -- things that will lead to well-paying and satisfying jobs.  DUmmies go after degrees in Womyn's Studies, Cinema Appreciation, etc. -- things that will lead to nothing but a couch in Mommy's basement and em[ty-pocketed smugness.

Looking at the demographics regarding education levels in this country, it is unlikely that most conservatives or liberals have degrees.  Though it seems that more conservatives have at least some college or educated skill set.

Vag, I've got a BS in Bio, and my wife has a BS in Art History and a MS in Psychology.  I figure that our daughter will be able to solve the time-space compendium for the VRWC.

[Vagabond]

Exactly,all I have is a high school diploma and have done infinitely better then this person with 4 years of college.

Life is what you make of it and we all have down moments,we all feel sorry for ourselves now and then,it is called being human.

Conservatives go through it and go beyond all the while learning lifes lessons.

DUmmies just whine.

Many (most?) Conservatives have college degrees (I do).  The difference is we get degrees in Finance, Medicine, Science, etc. -- things that will lead to well-paying and satisfying jobs.  DUmmies go after degrees in Womyn's Studies, Cinema Appreciation, etc. -- things that will lead to nothing but a couch in Mommy's basement and em[ty-pocketed smugness.

Looking at the demographics regarding education levels in this country, it is unlikely that most conservatives or liberals have degrees.  Though it seems that more conservatives have at least some college or educated skill set.

Vag, I've got a BS in Bio, and my wife has a BS in Art History and a MS in Psychology.  I figure that our daughter will be able to solve the time-space compendium for the VRWC.

My wife has a MA in public management. 

Me, I learned electronics  on my own, then learned RF Communications, satellite communications, and satellite bandwidth power management from the Army.  I never stop reading, and I've earned a few accreditations now for networking and network management.  I'm still taking college classes, so I eventually will have a degree in something, probably engineering, though I will never use it since I'm already doing management.

I looked it up and the best number I can come up with is 73 % of the  US population does not have a post secondary degree.  This, of course, does not count specialized training that does not require a degree, which is what most skill sets fall into. 

[rich_t]

Fox Mulder  Donating Member  (1000+ posts) Fri Aug-15-08 06:56 PM
Original message

I just want to kill myself.

So what's stopping you?

[rich_t]

I (actually, my dad was, for me) served a summons today for a credit card from six years ago that I haven't paid. It was a credit card with an $800 credit limit, and now I supposedly owe $2,300 because of interest and late fees.

Bullshit!

Most CC companies don't came after you for that amount...  they just write it off.

[BlueStateSaint]

Fox Mulder  Donating Member  (1000+ posts) Fri Aug-15-08 06:56 PM
Original message

I just want to kill myself.

So what's stopping you?

They're just emo.

Here, maybe I can help . . .

[DumbAss Tanker]

How do you guys expect him to afford a bullet in this horrible * economy?!?

[BlueStateSaint]

How do you guys expect him to afford a bullet in this horrible * economy?!?

I can spare a few.

H5 for stepping up and volunteering.

[Chris_]

Fox Mulder  Donating Member  (1000+ posts) Fri Aug-15-08 06:56 PM
Original message

I just want to kill myself.

So what's stopping you?

They're just emo.

Here, maybe I can help . . .

javascript:void(0);
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As DUmmy, guns are probably verboten.  Here is some useful advice: