Posts Tagged ‘sears’
Dave Ramsey – Credit Card/Debt Collectors are SCUM
My hero, Dave Ramsey, tells of abusive practices and the violation of Federal law incorporated by debt collectors – particularly credit card debt collectors. Most people do not know that they have rights guaranteed to them by the Fair Debt Collection Practices Act (FDCPA) and debt collectors knowingly and habitually break these laws in order to frighten them into paying.
IT IS NOT AGAINST THE LAW TO OWE MONEY!
Do not allow yourself to be lied to (example: “You’re going to go to jail if you don’t pay this” is one of their favorites!) or treated without the dignity you deserve.
KNOW YOUR RIGHTS UNDER THE FDCPA:
Collectors can NOT call you before 8 am or after 9 pm
Collectors can NOT threaten to have you arrested or charged with a crime if you dont pay
Collectors can NOT continue to call after you have indicated you want them to stop (record your conversation with them, tell them you ARE recording it, write the date and time down in a journal, and follow up with a certified letter stating they may no longer call.)
Collectors can NOT call friends, family members or colleagues repeatedly in order to get you to pay (they may call your acquaintances ONCE in order to track you down and may NOT mention that you owe money or give ANY information that would lead someone to believe that they are attempting to collect a debt.)
For more information on your rights under the FDCPA, please visit my website at www.myarrp.com (click on the “Help With Credit” link at the top.)
To the scum debt collectors reading this: We’re mad as and we’re not going to take this any more! We the People are being educated as to your tactics, garnering strength and numbers, and proposing legislation. We’ll be in touch with you…
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Business News – Expected Bankruptcy for US Retailers – YourDailyFinance.com
http://YourDailyFinance.com
US retailers are expected to begin bankruptcy filings in masse, after a disappointing holiday season furthered the worst consumer-spending slump in decades. Retailers are being hit with a double-whammy: not only is consumer spending down considerably, but several of the retail industry’s largest lenders are tightening credit. More stringent lending terms are leaving retailers unable to find the capital they need to reorganize under bankruptcy protection, leaving them more likely to liquidate. The latest retailers to announce multiple store closings include Macy’s Department Store and coffee giant, Starbucks. Meanwhile, retailers such as Ann Taylor, Talbots and Sears are among the many retailers also expected to close underperforming stores. The price of oil drops below $38 a barrel, more than $100 less than the peak price of $147 a barrel last July. Prices fell 8%, down $3.24, to settle at $37.59. After ten consecutive days of rising prices at the pump, the average cost for a gallon of retail gasoline finally fell overnight, catching up to the 17% drop on oil prices last week. The Department of Energy last week reported bigger than expected inventories of oil, natural gas and gasoline, suggesting demand for energy continues to decline. In an effort to boost prices, OPEC has announced cuts of 4.2 million barrels a day since September with the latest cuts going into effect the early part of 2009.
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