Debt Collectors

I've noticed that debt collection agencies are beginning to put the burden back on the person.  They have an automated line dialing a number several times a day, leaving recorded messages...  Which, I guess, is fine.  But the fact that I had to sit on hold for 10 minutes to inform them that they had the wrong number got irritating really quickly.

Perhaps I’m wrong, but I really don’t see this technique as helping an agency collect a debt.  If I know I’m behind on a debt, and have no intention of collecting, then I’ll simply not answer the phone when the call comes in.  And even if I answer, since the call is a recording, I’ll just not take the initiative to call them back.

On the other hand, I can see where it would help a company weed out wrong numbers quickly.  I spent the time to call them, sit on hold, and inform them that they were repeatedly calling the wrong number.

First Week of August Update

Well, we are now 7 days into August, so I figured I’d do an update on the credit card reduction, just to see how much I’ve accomplished so far.

The credit card I am working on paying down started the month with more than I thought: $6,551.07.  Right now, the card is at $6,107.07, so I have paid down $444 in 7 days, or $63.43 per day.

That’s good, but the first of the month is always where I get my big debt-reduction push, so I expect that number will begin to drop off as the month progresses.  As I mentioned earlier, I’ve got to set aside $200 for the refrigerator, so that will slow the reduction down a little, but even with that, I hope to get the card down to $5500 this month anyway, meaning that I will have put a (personally) astounding $1050 against that single debt this month.

I plan on doing another update on the 14th to see how much progress is made the next 7 days.

Reason #4 why I like living in Texas…

There are really many reasons why I enjoy living in Texas as opposed to other states, but this article makes me very happy to be located in a pro-business state…

I wonder what would happen if people started electing the representatives that actually looked out for their constituents.

The best of intentions...

Well, August is already beginning to shape up as a bad month financially. Not really from the perspective of losing ground, it just looks like there isn’t going to be much in the “gaining ground” side…

I helped a friend of mine move over the weekend. He was leaving his house behind due to foreclosure, but, fortunately, had a good place to go and wasn’t all that broken up about it. He did, however, have an extra refrigerator. So, since we are looking for a house, I told him that I’d buy it. So there’s a couple hundred that wasn’t in the budget…

Now we come down to the real expense. It is beginning to look as if we have found a house that we’d like to have built. It will require a $500 deposit, and then it will take about 4-1/2 – 5 months to build. During that time, we will more than likely put our debt reduction on hold, and begin storing up cash. We’ll see, though…

These are some exciting times, to be sure. I’m in the process of reworking our budget to see what kind of difference the payment will make in our finances…

More updates soon!

Revolution Money Exchange… Developing…

My account with Revolution Money Exchange has been suspended due to suspicious activity.  Yesterday I sent a request to send the money that my wife and I have made for signups, etc. to my bank.

I called to the company to see about getting it unlocked, but couldn’t get anybody on the phone.  So I left messages, then emailed their customer service.

I’m wondering if somebody tried to hack into my account, or if they just don’t want to pay the money…

I’ll keep this post updated as I get information…

 

UPDATE (3:40pm):  My account has been unlocked, but I must resubmit my requests to withdraw money.  This time, rather than transferring the entire amount, I’m requesting $50.00.