Hounded on 18 yr. old credit card debt

[Ladynred]

Yes. TROLL, because you sound EXACTLY like one - probably employed by a collection agency yourself.

MORAL duty ?? Puleeasse.. there is NO MORALITY when it comes to this sort of thing, especially when there is NO CRIME. Money = BUSINESS, plain and simple no matter who it is.. just ask any bank, credit card company, or collection agency.

There is a REASON that states instituted statutes of limitations - for everything except murder - so that a debt could NOT follow you to your grave and a debt collector could not go after 10-15-20 or even 30 year old debts !! Once the SOL has expired, a person has NO OBLIGATION or 'moral duty' to pay the dead debt.

However, if society would be responsible for their own actions, there would be no NEED for them...

Oh.. give it a rest would ya ! You have the same attitude as those pinhead politicians in Washington do who think that everyone with debts who files for bankruptcy is a 'deadbeat spendthrift'. So tell, me.. how does a 65 year old woman who has a heart attack, and racks up 150K in medical bills EVER pay that kind of a bill ?? You think she would be MORALLY irresponsible because she's on a fixed income, little insurance and can't in any way possible pay such an outrageous bill ?? I can only hope that people like you DO finally suffer some catastrophic illness and subsequent job loss and for which there is no possible way you'd have the funds to pay it. Lets see where the MORALITY sermon goes then.

Its NOT ALL about "personal responsibility". SOCIETY is at fault for driving the credit industry to the 8,000 pound gorilla that it is today. SOCIETY is at fault for treating our elderly as if they are throw-aways who somehow deserve to live in substandard housing because the DRUG COMPANIES won't even cut a deal with Medicare/Medicaid for lower drug prices, so people have to decide whether to buy food or buy their drugs. Or maybe you're for just forgetting about drugs altogether and just let them die and free up money and space ??

Take your morality sermon somewhere else.. there are far more REAL moral issues out there than whether or not a person should pay a dinosaur debt !

 

[howamidoing]

Yes. TROLL, because you sound EXACTLY like one - probably employed by a collection agency yourself.

MORAL duty ?? Puleeasse.. there is NO MORALITY when it comes to this sort of thing, especially when there is NO CRIME. Money = BUSINESS, plain and simple no matter who it is.. just ask any bank, credit card company, or collection agency.

There is a REASON that states instituted statutes of limitations - for everything except murder - so that a debt could NOT follow you to your grave and a debt collector could not go after 10-15-20 or even 30 year old debts !! Once the SOL has expired, a person has NO OBLIGATION or 'moral duty' to pay the dead debt.



Oh.. give it a rest would ya ! You have the same attitude as those pinhead politicians in Washington do who think that everyone with debts who files for bankruptcy is a 'deadbeat spendthrift'. So tell, me.. how does a 65 year old woman who has a heart attack, and racks up 150K in medical bills EVER pay that kind of a bill ?? You think she would be MORALLY irresponsible because she's on a fixed income, little insurance and can't in any way possible pay such an outrageous bill ?? I can only hope that people like you DO finally suffer some catastrophic illness and subsequent job loss and for which there is no possible way you'd have the funds to pay it. Lets see where the MORALITY sermon goes then.

Its NOT ALL about "personal responsibility". SOCIETY is at fault for driving the credit industry to the 8,000 pound gorilla that it is today. SOCIETY is at fault for treating our elderly as if they are throw-aways who somehow deserve to live in substandard housing because the DRUG COMPANIES won't even cut a deal with Medicare/Medicaid for lower drug prices, so people have to decide whether to buy food or buy their drugs. Or maybe you're for just forgetting about drugs altogether and just let them die and free up money and space ??

Take your morality sermon somewhere else.. there are far more REAL moral issues out there than whether or not a person should pay a dinosaur debt !

LOL...your quite entertaining....No Im a college student and I have a full time job...NOT as a collection agent...by the way...How would you feel if you were the lender and people refused to pay off the credit you gave them? You might be whistling a different tune. A debt would not follow you to the grave....as you say...if it were paid. Um, HELLO we are not talking about an elderly person who has medical bills we are talking about someone who willingly used a credit card that they knew they would have to repay. She admits she doesnt WANT to give them anything. That's very mature and responsible right? You are the one on here preaching about your beliefs. OP hasnt come back to defend herself so obviously it bothers you more than anyone else? As far as you wishing catastrophic illness on others, you should probably watch yourself.I mean you are the one wishing "what goes around comes around" on everyone. Who is giving the morality sermon today? Hmmm, I think you. When I took the side of the creditor, you attacked me and accused me of being a collection agent. Well, your so quick to defend the debtor..Do you perhaps owe a lot of credit card bills that you think its UNFAIR to pay. I say you use the credit card....as she admitted to..you should pay the bill...No matter what the law says. Thats exactly why the laws have changed for Bankruptcy....too many people taking advantage of that. No matter where you stand morally on this issue..thats a fact. BESIDES.....that's why I offered her the template..regardless of your satisfaction... I was giving her a place to START.. because I know the law says you can use SOL... Thats why I said JUST MY OPINION.. over 4,000 on a credit card..yeah, lets all spend money then not pay for it.

P.S. are you on here standing up for debtors or elderly..Your the one who went off on that whole thing... Cause I agree with you on the elderly being mistreated...BUT thats not what this post was about.You abused it so that you could rant about another injustice. Go figure.

 

[Ladynred]

You're a college student and you think this way ?? No wonder... still wet behind the ears and not yet had life kick your can a few good times!

Thats exactly why the laws have changed for Bankruptcy....too many people taking advantage of that.

NO, that is NOT why the bankrutpcy laws were changed. The laws were changed because the credit card companies have been shoving money by the millions into their bought-off polictians campaign coffers, giving certain Senators with huge debts unheard of and unprecedented 'special' loans to buy their votes. The credit card companies BOUGHT THIS so-called REFORM and King George's spineless and out-of-touch Republicans shoved it up the you-know-what of the American people by disallowing any true democratic process to repay their special interest benefactors.

Don't you read ?? Or are you too busy being the sanctimoniuos morality child ? The NUMBER 1 cause of bankruptcy is NOT credit card misuse its MEDICAL BILLS. There are 48 MILLION people without ANY medical insurance in this country.. the largest percentage of them in the low income to middle income range. Of those who filed BK because of medical debts, 47% of them HAD health insurance but the insane costs were more than their insurance would cover leaving them with huge debts they couldn't possible pay.

The #2 reason for bankruptcies is JOB LOSS and #3 is DIVORCE - NOT credit card mis-use or fiscal irresponsibility !

Yes, I have debts, but it wasn't because I was a wild child on a credit card frenzy. I had A+ credit AND a fair amount of savings in the bank for most of my adult life, and never paid a bill late - ever. Then came 3 job losses and extended layoffs caused me to go thru every last penny of savings I had just to survive, including 12K in a retirement account which I took the tax hit for over the years, and the eventual loss of my house to foreclosure because I had NO income -- and minimum wage jobs in the interim at Mickey-dees does NOT pay the mortgage. I spent 20+ years in the IT field and it was great, until the IT boom went BUST in a big way. Managers that used to make 80K a year were taking 35K/yr jobs, leaving me (and others like me) being offered salaries in the low 20K (or less) range. I made more than 20K 20 years ago !!

By the way, squirt, I HAVE loaned money to people in my life, and HAVE been screwed over for it.. lesson learned, never lend ANYONE any money.

You just wait until you get into the REAL world and find out you have no guaranteed employment, your job is NEVER going to be secure, ever, and they will drop you like a hot potato as soon as they can outsource your job overseas or hire someone younger than you for less money. You just wait until life kicks you down a few times.

/end of rant/post/wasting my time

 

[howamidoing]

Sorry I cant get past your bitterness to read anything significant you have said..If there was any. Wet behind the ears..lol..Im almost 30...been working since I was 13. I pay my bills...and FYI..I HAVE had a serious illness,but I paid the bills I owed. This post wasnt about your problems or the governments. It was about her not paying a bill she created by using a credit card...Plain and simple.Now if YOU will stop your preaching we can all get on with it...

 

[Lisabyday]

If you can pay the outstanding 18 year old bill and you want to pay it - by all means pay it. If you cannot pay you cannot pay. The laws are to protect the just and the unjust. That's the American Way. Alesia

 

[Zebiak]

Musing from thread originator

Although this thread has gone seriously sideways, I think the diversion was interesting. Ladynred is amusingly harsh and although I can't condone wishing of harm on someone for simply having a different opinion, I think Ladynred represents an all too common phenomenon of our times that I can relate to. I am 48 and earning a fraction of what I use to earn -- my savings and retirement shrink a little every day and I struggle for every little consulting assignment that I am able to get. I take responsibility for my actions and I believe I will dig myself out of this situation soon enough. Notwithstanding, it is frustrating for me to be struggling at a time when my experience level and skills have never been stronger.

We have to remember that those who issue credit and those who collect on the back-side are functionaries in business. Their businesses are driven by actuarial analyses. Credit losses are factored in the pricing of credit. Although I won't pay the $4,000 credit card debt from 18 years ago, in balance I have been an excellent debtor and the creditor community have earned plenty on me.

 

[racer72]

Ladynred, you are my hero, I bow down to you.

 

[Veronica1228]

Ladynred, you are my hero, I bow down to you.

Don't we all?

 

[Ladynred]

ROFL Racer and Veronica !
Gee.. thanks !

People with this attitude (like all CA's) that every person who can't pay a bill, no matter WHAT the reason, is a 'deadbeat' just frosts my cookies. It is short-sighted, to say the least. While it may seem harsh to wish hard times on someone, some people actually have to be kicked in the gut, for real, some more than once, before they will EVER take off the rose-colored glasses and understand what its REALLY like to be in a tough spot. Like I said, let life kick you in the keester a few times and you'll know all too well what 'hard times' means !

 

[howamidoing]

If your referring to me, I know what hard times are.My entire life has been a hard time. However, 4000 bucks on a credit card doesnt seem like hard times. Either way WE ALL have the right to our own opinion.