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Response to xchrom (Original post)

Mon Nov 12, 2012, 12:38 PM

66. It's like a Christmas Gift for the collection agencies. It will qualify thousands of our neighbors


for a new round of high-interest credit card "Your Approved" applications...for good or bad, it would take Republican Math to figure out any other outcome.

What's in YOUR wallet?

I'm not knocking the feel-good effort, and it will save some from distressing phone calls, maybe even keep them from having future money attacked.

But one would have to be near delusional to not know that the people who profit the most from this are financial companies, collection agencies who will profit from uncollectable debt, and even companies who will create new debt because of this. Those funds will be used to perpetuate this very system, to purchase people for their servitude wherein they harass the most vulnerable and call it a job.

None of the laws that are on the books to prevent this are addressed, there is not a big effort to make people aware of their own laws that were removed to make this debt and collection behavior possible. There is a mathematical certainty that the person whose debt was paid off will acquire new debt (ask any of the credit companies - it is a certainty) which will very likely result in the same outcome.

Might be better off just handing $20 to several people on the corner. At least then you know you aren't funding a collection effort.




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xchrom Nov 2012 OP
Live and Learn Nov 2012 #1
SickOfTheOnePct Nov 2012 #3
djean111 Nov 2012 #6
SickOfTheOnePct Nov 2012 #8
Live and Learn Nov 2012 #12
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wickerwoman Nov 2012 #65
liberal N proud Nov 2012 #2
closeupready Nov 2012 #27
litlbilly Nov 2012 #54
99Forever Nov 2012 #4
xchrom Nov 2012 #5
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randome Nov 2012 #15
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Le Taz Hot Nov 2012 #19
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Live and Learn Nov 2012 #59
BlueMan Votes Nov 2012 #63
DaveJ Nov 2012 #64
LineNew Reply It's like a Christmas Gift for the collection agencies. It will qualify thousands of our neighbors
jtuck004 Nov 2012 #66
Hell Hath No Fury Nov 2012 #67
jtuck004 Nov 2012 #68
DaveJ Nov 2012 #69
jtuck004 Nov 2012 #71
Blue_Tires Nov 2012 #70
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