This may not be in the right area so move it as you see fit.....
My wife lost her job almost a year ago; durning that time are bills still had to be paid and our lovely savings account has now dwindle from 20,000
to 900, While she has found another job its an 8.00 job and she hardly gets hours...
In the light of this I started to make phone calls to our debtors, asking them to lower the interst rates and explaining our situation. THere answer
was no. Mind you I did not ask for a princepal reduction just interest rates. My one credit card hiked its rates from 10% to 27.99%; We own a
timeshare ( I know dumb thing to buy but we bought it 5 years ago) The interst rate on that is now 16%; Our two student loans equal 360 a minth and no
reduction there. So when Obama came out with the making home affordable program I thought great now I can get some of this interest knocked off my
1020 Sq foot cape cod... No not this time twice denied...
I began recalling every debtor (after I cut out cable, cell phones, out to eat, vactions, zoo trips, family outings, were down to bare nessecities)
and asked them to please cut the interset or at least freeze it for me. The said no... Bank of America told me I diddnt not qualify even though my
90,000 house now is worth 72,000. No one would help me I called Federal agencies seeking intervention to help cut the interst rates (not the
princepal) they said no... Even my congressmen told me no...
FINALLY I had enough and called them one more time and told them help or else, HSBC Laughed at me and Bank of America hung up three times. I told each
Debtor this, From this day forward I will not pay you any money, Not for the time share, not for my one credit card, not for my school loans, not for
my second mortage( which I got only because I couldnt get this house with out one.) Not the car, not anything.(cept my main Mortage.) I closed out all
of my bank accounts and opted for a papercheck at work, I have one account and that is at a credit union. this has been two months and now my phone is
ringing off the hook with threats about legal action. But yet not one of them has address my intial grievances HELP ME HELP YOU.
They call my house at all hours of the night now-) Letters from lawyers-) I will not pay one more cent to this assholes, I diddnt ask for princepal
reduction I ask for an interst rate deduction.... I am finally fighting back and sticking it to the Man....
I have money now but there not getting it, and every transcation is done in cash no more credit loans.FIGHT THE POWER OR COLLASPE IT I am working to
Replaced 'All Caps' in title
[edit on 1/10/09 by masqua]