Unless you come from an obscenely rich family, one of the first things you find out when you hit adulthood is that your future might depend on your willingness to take seahawks jersey sale on debt. Do you want to go to college? You'll probably need a loan for that. Need a car? That's going to require a loan. Ready to put down some roots and settle in a permanent place of your own? Unless your name is Mr. or Ms. Money Bags, get ready to borrow.
And the fact that borrowing is a part of adulthood isn't even the bad news. If you were paying attention as a child, you saw that one coming. The bad news is that your car, education, and house are only the tip of the debt iceberg. Beneath the sea is a whole other landmass of ways the world wants to keep you in the red.
Imagine it's only been a week or so since your parents died in a tragic white whale hunting accident. In the middle of making funeral arrangements and divvying up the good jewelry, you start getting calls from a debt collector. It turns out your father ran up a huge debt by stockpiling hundreds of harpoons, and these guys want to know how you intend to pay everything off.
"Wait a minute," you're saying. "I don't have to pay my parents' debts!" And you'd be right. But if you think that's going to stop debt collectors, we admire your optimism.
One Omaha, Nebraska, Wholesale Philadelphia Eagles Jerseys for Fans woman named Linda Long found herself getting calls from a collection agency on behalf of Bank of America shortly after her husband passed away. The caller explained that she was not legally obligated to pay her husband's credit card debt, but then turned around and recommended that she "get this taken off [her] plate." And the debt collector wasn't talking about spaghetti.
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"We're already too big to fail, but if you could help us get even bigger, that would be great."
Since FTC guidelines require that debt collectors tell people when they don't have to pay a debt, creditors and their minions might tell mourners they have a "moral obligation" to make things right before presenting them with the "opportunity" to assume the debt of the deceased. As if the grieving person on the other end of the call won the opposite of the lottery.
Of course, sometimes creditors don't even need to call you to pay the debt off. Instead, they'll demand it from the estate of the deceased, because debt collectors are legally free to get all up in that shit. Money that's managed by an estate must be used to pay off debts before it's distributed to the heirs, even if the entire inheritance disappears to pay off your dead mom's Visa. They can also grab the money in a 401(k) (unless other beneficiaries are listed explicitly), and if your parents received Medicaid, some states will put a lien on their house to try to get those Medicaid payments back, just to pay the debt off.
Overdraft fees are well known, of course, but there are lots of other lesser known fees at play, and banks are perfectly happy not telling you about all of them. Or they do tell you, but the fees are disclosed in a 43 page account agreement. For example, you probably know that you're going to get charged something if you overdraft your account. What you don't realize is that you might be charged for not maintaining a minimum balance. Or for a new card if you lose yours. Or for opting to receive a paper statement. Or if you close your account before a mandatory waiting period. Or if you fart in a bank."Free Taco Bell gift card with every new account!"
The banks, of course, have their own take on the issue. The American Bankers Association thinks banks "need the flexibility to provide information in a way they believe best suits their products and customers." What, exactly, do they mean by that? Their profits depend on you not knowing how they make money off of you. Up for grabs are "billions of pounds" in hidden fees, according to one former banking executive. And with the rise of Netflix, Hulu, 49ers jersey sale and other services, more customers are giving cable the pixelated finger and going Internet only. So, in order to bring customers back in, cable companies are increasingly offering cable and Internet bundles at reduced prices. You'll get a special introductory rate for the first 12 months, after which you're perfectly free to switch if . wait, how long was that contract for, cheap jets for sale again? Two years. They were just kidding about the 12 months.
In March 2015, the FTC charged with fraud for promising special one year rates, then requiring customers to sign up for two year contracts. And, of course, they don't keep that rate in the second year: A $20 a month plan can go up as high as $65 a month. Pissed off and want to switch companies? Say hello to nearly $500 in cancellation fees. thanks you for the new island they just bought!.
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