[TheForge] reversal of fortunes in a blink of an eye

[Grover.Richardson at gtri.gatech.edu]

The real problem is that it is more cost effective for the credit card companies to pretty much ignore the problem, deal with it when it occurs, and ask card owners to take on additional debt/insurance for safety.  We sued one fella.  It cost more to sue (kept changing jobs he did ) than it was worth in total, so the insurance company just finally said no more.  So the bottom line is that until someone writes a law that a person will be charged for the cost of the crime, AND the cost of his capture, and possibly the legal bills, this will not change.

Why are there speed traps on certain parts of the expressway?  Because they expect to catch speeders who can actually afford to pay the fines.  There is no positive aspect of fining someone who can't afford to pay.  It costs the system too much.

Similar thing, I called on the sister's boyfriend.  He amassed over 80k in debt in the year that he was with her (as well as sucking her dry).  When I called one of the companies that he owed it to, they said that if he is locked up, he can't pay.  So their only effort was to send additional dunning letters.

Good luck.

All the best.

-----Original Message-----
From: theforge-bounces at mailman.qth.net [mailto:theforge-bounces at mailman.qth.net] On Behalf Of terry l. ridder
Sent: Wednesday, May 27, 2009 10:36 PM
To: theforge e-mail list
Subject: [TheForge] reversal of fortunes in a blink of an eye

hello;

given the current thread concerning identity theft and credit reports it
is important to remember that even if you do everything correctly, have
a great credit score and all that can change in a blink of an eye if you
are involved in an accident that is not even your fault.