Fuck now with a credit card
It’s “I will do X, and if I don’t satisfy my responsibility, you can do Y”. And this is how banks make money: the difference between that 20% (give or take) and 0%. There’s about a trillion dollars in credit card debt out there. They have 100 Ph Ds who have already modeled out how many people will default. Why would a hedge fund buy your debt once you start to default? They outsource to either collection agencies or law firms in your local area to collect from you.
Now the banks have to do their end of the contract. (but I’ll get to that in a second…) By the way, the banks don’t even care. They buy your debt for three cents on the dollar and they might, on average, collect eight cents on the dollar. In 1994, collection agencies would call me and I would get scared.
This probably sounds like a sketchy idea, but it's actually quite legit - you often need a "valid" credit card number to test out payment functionality.
couldn’t pay him back “yet.” This call happened at least once a week.
It was a while ago when the site started to run like garbage for a lot of people. My anti virus started giving me the, this is malware warnings for this website.
Figured out the issue, installed ad blocker and now I have Ublocker up too.
Credit card debt is NOT the same as friendship debt. A bank is usually a trillion dollar institution that charges you fees, interest payments, has lots of fine print, and makes you sign lots of contracts. The bank says, “we will lend you up to $X, and you will pay us back all the money plus interest, plus penalties. A) If you default on even one of your credit cards, the interest rates on other cards you own might go up. B) You usually get low rates for the first six months, and then much higher rates, and if you miss a payment, your interest rates might be as high as 20% or more. This post is in response to a question I got a few weeks ago. I’m really depressed and I think my wife is going to leave me and I have to put food on the table for three kids. If you borrowed 00 on your credit card, the bank will sell it to a hedge fund for . So now the hedge funds have made 100% on their investment. They look at the ages of the borrowers (younger age means they will pay less money), they look at the age of the debt (older means they will pay less money for the debt), and yes they look at race and gender and what state you live in.
There’s usually other terms in the fine print, by the way. No problem: they borrow money from the US government, and the government will seize customer savings accounts if the bank defaults. I’m being very rough here, but that’s 0 billion in potential profits. Easy: they pay 3 to 6 cents for every dollar you borrowed. Maybe they give the collection agencies, on average, two cents. By the way, hedge funds analyze these collections of bad credit card debt like they would any other investment.
Since 2007 I’ve rented four other apartments, had background checks run on me, and even leased two cars. Even if you didn’t read all the fine print (who does? You signed a contract where everyone knew the risks. The page you requested cannot be displayed because you do not have access to this forum or this forum is currently offline.If you wish to access this forum, please contact the administrator of this site.
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