RE: Dealing with Debt Collectors
Very informative, however, if a person lives within their means and does not incur the debt in the first place there would be no need for the collectors. The situation of debt is not the fault of the lender, no one is forced in any way to borrow. If the debt is honoured in the first place by the borrowers, these situations would not occur. If a person borrows to purchase toys, tv, games, boats,etc because they have to have it now,,,whose fault? Certainly not the lender, if a person over spends their income, whose fault? Again, not the lender. Honourable people repay their debts. There are some situations such as loss of job, sickness that may be accepted. I have no pity for those who, attempt to Sherk their obligations. Credit card acquisition is the same as self enslavement, nobody twisted anyone's arm to make a person obtain a credit card. It is the greed of the borrower, not of the lender, who lends the money, expecting to be paid back. My personal feeling is, I would rather give than lend and I would rather save than borrow.
Upvoted followed also resteemed.................billytwohearts.
I agree that people do overspend and they must take responsibility for the consequences of those actions. However, the creditors have a responsibility too. Because there is no more money, only fiat currency, how do people pay off debt? Some would suggest that the promissory note that was signed when they applied for that loan, is in fact, the payment. It has value to the creditor and they turned it into a stock (asset) and sold it on the open market (watch the second video). So what is the debtor paying for if the debt was already paid? The act of signing that debt instrument actually created currency for the system. If all the debt was paid off there would be no currency in the system. In fact, it is impossible to pay off all the debt because of interest!
So who's fault is it really? A strong argument could be made that the politicians who got ride of the gold and silver backed money system are responsible for this whole mess.
Again, I would recommend watching the videos that I attached to the post and if you want a good run down of how the banking elite infiltrated the US money system, this is the best video I've found that covers it in great detail.
In my view, the population have been raped and pillaged for decades as a result of some very greedy, powerful, psychopathic individuals. People are doing their best with what they have and the system is designed to make sure a certain percentage go bankrupt each year so that they can keep that system going and continue to steal wealth from the people through usury, inflation and legal acquisition of wealth. The only way I've found to escape it is to go off grid and reduce my exposure as much as possible. Tough decisions are required.
Perhaps cryptocurrencies may expose this whole fraud and help people out of the death trap that the current fiat currency system has created.