Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
Based on its evolving needs and plenty of user feedback, we are trying to bring some order and institute some rules. Please make sure you read these rules and participate in the spirit of this community.
Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Avoid long drawn out arguments. This should be a place to relax, not to waste your time needlessly.
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Personal anecdotes, puzzles, cute pics/clips - everything welcome
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Please do not spam at the top level. If you have a lot to post each day, try and post them all together in one top level comment
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Try keep things light. If you are bringing in deep stuff, try not to go overboard.
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Things that are clearly on-topic for this board should be posted as a separate post and not here (except if you are new and still getting the feel of this place)
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If you find people violating these rules, deport them rather than start a argument here.
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Feel free to give feedback as these rules are expected to keep evolving
In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
First month, late payment notice by email and likely no phone calls or stamped mail Second month, automated friendly phone calls every two weeks or so Three months, online statements suspended, forced switch to mail statements Four months, this is where they possibly charge off, fifth month is for sure
Now once it is charged off it kind of floats around for about a month or two
Then a collector buys the account pennies on the dollar.
They are the one who actually are aggressive. Multiple phone calls, constant mail, calling other numbers looking for you because that is how they make money. It is pure profit minus labor and mail costs
At this point, make them dance around, and if you actually care about credit, settle the balance for less than what you "owed" and make "pay to delete" part of the deal or you won't pay them
remember, all our current finance system is fake. when amex charges off, insurance takes care of most of the debt, when you pay a collector none of it goes to original lender. It was all unsecured debt, but of course banks have no liability thanks to our lovely government
The reason people with "good credit" get so many deals, rewards, etc is because they want to keep those people enslaved, they want to be the processor for all their payments, they want to mine their spending habits and personal data, and they ultimately want to be able to advertise a product that creates a very distinct class division that functions as a way of manipulating consumer perceptions as well as aspirations
God I am ready for Q to get it done.