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Addendum: Addendum

I wrote the letter. Will fax from work (not wasting a stamp on those bastards).

I feel better.

Decided that I will make every payment on time, the minimum amount they require. And I will keep track of every cent that is paid to the finance charges. Oh yes, a spreadsheet, with shiny colours.

I will tally up every finance charge I make from now on.

And once the balance left on the card matches what I've paid in finance charges from now until then, I'm going to stop paying.

Fuck 'em all. They're not getting one more cent out of me. They could've played nice. They could've gotten years more of finance charges from me. But their thinly veiled attempt at a powergrab, stabbing me in the back after the years of finance charges they have already got from me?

At that point they can come to me and ask 'what the fuck's up?' and maybe we'll come to a mutual agreement. I have a friend who was able to settle for a fraction of the balance. But they're going to have to kiss my ass.

And now I'm going to work.

Comments

( 12 comments — Leave a comment )
lapislaz
Apr. 2nd, 2009 02:40 pm (UTC)
While I am all in favor of rebelling against authority, consider this before you fax. Prospective employers and apartment management companies check credit ratings when screening applicants. Piss off the credit card companies too badly and you could find yourself screwed six ways from Sunday.

It ain't fair, no indeedy. But that's what it is. I do understand the frustration, believe me.

If you really want to screw them over? Pay the card off, right now, in one lump sum. Borrow the money from family or friends if you have to. Your family and friends will charge less interest than the company and they don't have access to credit reporting bureaus.

Seriously, if you make minimum payments? The credit card company wins, big time.
elven_wolf
Apr. 3rd, 2009 01:39 am (UTC)
Nobody I know has that much money. Even if I gathered together everybody I know, I may maybe get $1000 together, if I'm lucky.

And yes, I know employers check credit, but that by itself isn't making me want to bend over and take the buggery up the ass.
ginalin
Apr. 2nd, 2009 03:04 pm (UTC)
Phil was able to get Washington Mutual (now defunct, of course) to settle one credit card for only 1300 bucks...and he owed 3000 on it. I realize that's hard for anyone on a salary to do, but if you have any savings, it might be worth it to get rid of them for good and a plus on your credit too boot.

Yes, that's how much interest they waived, it was more than the principle, which I agree is OBSCENE. What the credit card companies don't want you to know is that they're in worse debt than you are. They will usually settle for a one or two or even 3 or 4 larger lump sum payments.

elven_wolf
Apr. 3rd, 2009 01:40 am (UTC)
I used my savings paying off the other credit card. I have nothing and they're doing their best to keep me poor.
ginalin
Apr. 3rd, 2009 02:42 am (UTC)
Oh, I know, they're such fuckers. And they're paying for raping people for years with obscene interest because they're going down the tubes even with getting their asses bailed out by us...the same people who have to turn around and keep paying them obscene interest.

It's not fair. I let one who I owed 300 bucks (all obscene interest, of course) just report it to my credit..I could never pay them off because they never let up on the interest. It looks very nice next to my foreclosure. *G*
I'm a person who literally has nothing to lose myself, so on that last card I told them to do their worst. I had paid 4 others off and my cars, so I had nothing left to give them either.
elven_wolf
Apr. 3rd, 2009 09:45 am (UTC)
It's just ridiculous that we are essentially judged worthy human being or not based on what these money grubbers gossip with each other behind our backs.

How fucking high school.

I'm divorcing the human race again.
ginalin
Apr. 3rd, 2009 12:59 pm (UTC)
Credit reporting is really bogus too. It's estimated that more than half of us have things on there that should be expunged, according to their own rules, but the credit agencies rarely do it unless made to by you writing letter after letter or being able to hire a lawyer to do it.
Debt collectors are often the scum of the earth themselves, outright criminals, drug dealers and thugs, and they're the one's reporting to your credit half the time. There's some irony for you.

I've dealt with so many unprofessional and bad debt collectors over the years that I don't even believe them anymore. I've had them call me trying to collect debts I've already paid too, so I generally just fire them.

I send them all the "drop dead" letter because half the time, I've gotten the criminal types and I don't want people like that having access to virtually all my private information just because they went out and bought a $100 business license. But, they do. And we wonder why identity theft is so common? We're letting it happen because any old thug can buy up your debt and get access to your private personal financial information!

But yes, because the gov't deregulated the financial industry to where they can literally make an indentured servant out of you, we're all suffering. Capitalism fail...but only because Bush let the barbarians into the city to rape and plunder at will. Actually, he gave them the key to the fucking city!
And the WHINING from these fuck ass rich bastards because they can't do it so much anymore is about the most enraging thing ever.
My poor ass is sick to death of their rich ass whining.


elven_wolf
Apr. 3rd, 2009 01:41 pm (UTC)
Yeah, and of course, they get their bail outs from OUR MONEY, then turn around and raise our rates. How's that for fucking us on both ends?
ginalin
Apr. 3rd, 2009 01:46 pm (UTC)
Yeah, and without any lube, too.

I'm thinking it's time for a riot or two.
elven_wolf
Apr. 3rd, 2009 01:48 pm (UTC)
I'm gonna do everything in my power to get rid of that debt asap, I can't shake the feeling that things are going to get worse before they get any better. The APR on my Master Card is half that of Visa... but for how long?
ginalin
Apr. 3rd, 2009 02:21 pm (UTC)
They really need to get the credit companies back under control. It used to be illegal to charge over 18% interest on a credit card or on a credit account of any kind.

The reason why is startling...it was considered a form of indentured servitude! It was considered indentured servitude because if you pay the minimum payments, you cannot pay off a balance in your working lifetime with that high of interest rates.

kurizumaru
Apr. 3rd, 2009 12:20 am (UTC)
While, I like the idea of trying to screw a credit card company over... You're better off trying to work things out again, if they won't then close the account, because they don't want your money anyway!

I hope this works out for you!
( 12 comments — Leave a comment )

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