reply to post by tjeffersonsghost
You know, the majority of the topics I see on ATS are flights of fancy, hoaxes, delusions, etc..
That being said, this is a topic that should be seen.
FINALLY, someone is standing up and saying, "NO MORE".
FINALLY, someone is saying, "I WON'T LET YOU ABUSE ME".
FINALLY, someone has given us something WORTHY to think about.
FINALLY, someone has given us a REAL cause to get behind.
I would star and flag this a million times if I could.
So far, none of my creditors have attempted to mess with my rates and if they know what's good for them financially, they won't !
Can we take this a step further? Can someone start a petition website which would allow each person to sign a petition for a particular credit
company that would say something like:
Dear XXXX credit company, I have decided to join a mass debtors revolt via petition signing and the following actions:
I, (insert name) understand that based on our terms of agreement, you have the right to fairly make changes to my account. I believe you've abused
the good faith I have given you with regards to our contract. Based on this unfair practice, I have decided to give you the following options:
1. Return my account to it's previous rate of ( xxx %).
2. Reduce the total debt of my account by 50% and I will make 1 payment within 30 days of acceptance of said settlement, which will close out the
account with no negative impact on my credit score.
If you fail to choose one of the above options, you will leave me no other option but to IMMEDIATELY cease all payments to your company. Payments
will only resume upon acceptance of one of the above terms with no late or over limit fee's incurred and without any negative impact on my 3 credit
If you fail to respond to this letter within 30 days, I will assume that the debt you are claiming I owe, is no longer valid and will not need to be
acknowledged in any future correspondence.
You can choose to pursue this in court over years or act in a reasonable manor and negotiate with me in good faith."
This is just a basic idea that popped into my head.
Any thoughts? Suggestions?