It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by daddio
reply to post by poedxsoldiervet
What are people not getting here. Sign EVERYTHING with the statement above your name, "ALL RIGHTS RESERVED". This reserves all your rights to cancel ANY transaction or contract. Why do you think corporations have it at the END of their bullcrap agreement? It retains "their" right as a "person" to take you to court and try and screw you.
Originally posted by PhoenixDemon
I'm with the debt revolter's ...I too have a large amount of debt that was all due to medical expenses incurred when I was shot in Iraq...The company I was there with left me hanging with the bills. I arrived at the point where I simply can not pay the outrageous bills. I have gone over 5 years without a bank account and can say I'm getting along just fine.
If more of us people start refusing to pay these bloodthirsty banks eventually they will fail...Or like someone else has pointed out, the banks will go running back to the Fed's and cry for more money.
I can't help but think that one way or the other our "system" is failing here in the U.S. . Worse times are still to come.
Originally posted by poedxsoldiervet
In the light of this I started to make phone calls to our debtors
Originally posted by DJM8507
You can use banks and credit cards if you are responsible. I have used credit cards for the past 15 years, instead of cash. I have a budget and I stick to it and I pay it all with the cards. Come the 1st of the month I pay off each card in full resetting their balances to ZERO. I have earned many points, saved money through promotions, and even gotten a few free plane tickets. I help them make money from the cost of the transactions that the vendors pay to charge me via the card. The cards also offer membership incentives and even extend the warranties on electronics I purchase as well as offer me additional protection.
I don't make a lot, but I have been able to max out my Roth IRA every year, buy a car in cash, and I nearly have enough saved up to buy a decent house outright. But it takes realizing that you don't need anything except that which helps you survive, maintain health, and continue to obtain earnings in your day to day life. I takes a strong will to be minimalistic even spartan in your lifestyle. It also takes some research to buy things that give you the best value for your dollar and not necessarily just the cheapest.
Budget to save between 25-50% of your yearly net earnings. If that means you have to live at the bare minimums then so be it. If you do that for a while you can easily buy a house or car and pay cash while building up an adequate emergency fund.