- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 12/4/19 at 9:31 am to TDsngumbo
quote:
Pics of all your female neighbors
could get a group photo right now, they all in line to collect their WIC coupons
Posted on 12/4/19 at 9:32 am to Tarik One
The plug front me a zip an I told that boy he got his shite took
Posted on 12/4/19 at 9:43 am to Tarik One
How many of these do you own (or have financed and trying to negotiate a lower settlement on)?
Pit Bull
Above ground pool
Trampoline
Trailer home
Fridge on your back patio filled with Pabst Blue Ribbon
F250 financed for 84+ months
Pit Bull
Above ground pool
Trampoline
Trailer home
Fridge on your back patio filled with Pabst Blue Ribbon
F250 financed for 84+ months
Posted on 12/4/19 at 9:46 am to Tarik One
I have settled debts owed to me for 0% many times.
Posted on 12/4/19 at 9:59 am to Wtodd
I pay my debts so can't comment on settling.
That said, businesses and corporations bend the rules and play the system day in and day out. They abuse bankruptcy laws, debt-load dying companies, steal from shareholders, use every tax loophole in the book to keep every last penny they can. Hell, our own President is notorious for stiffing people yet we claim him to be a "successful businessman".
I won't look down on individuals playing the system the same way the big boys of corporate America do. If you have a clear conscience, more power to you.
That said, businesses and corporations bend the rules and play the system day in and day out. They abuse bankruptcy laws, debt-load dying companies, steal from shareholders, use every tax loophole in the book to keep every last penny they can. Hell, our own President is notorious for stiffing people yet we claim him to be a "successful businessman".
I won't look down on individuals playing the system the same way the big boys of corporate America do. If you have a clear conscience, more power to you.
Posted on 12/4/19 at 10:04 am to 9Fiddy
Wait, I can stop paying my student loans and cut them in half?!!
Posted on 12/4/19 at 10:06 am to saralsim
quote:
Wait, I can stop paying my student loans and cut them in half?!!
yes, if you want to be another trashy tPOS, go right ahead
Posted on 12/4/19 at 10:09 am to Tarik One
I worked for Commercial Financial Services in Tulsa, OK which was a private LLC started over a kitchen table by a debtor to the Fed Govt. after the collapse of the S&L his loans were through.
Bill Bartmann borrowed from his in-laws to purchase the 1st package of loans put up for sale by the Feds from the S&L bailout/crisis. He paid literally 3 cents on the dollar for the entire package. (The company was under his wife's name btw since he was in default technically to the Feds making him ineligible for federal bidding.) They broke even by collecting just 3 accounts from the package, the rest was profit they then used to buy more packages as they came up for auction. For about 3 years they were 1 of 2 companies worldwide bidding on these loan packages.
I had a series of portfolios I was collecting. The rest of the collection employees had just 1 portfolio each. My portfolios were personal loans, commercial loans, and real estate loans.
I settled a personal loan to 1 guy for 1% of the balance, due to the circumstances involved (illegal loan, closed over lunch at a strip club to a then 17 year old borrower...the ceo/pres. of the S&L in this case went to prison over a bunch of stuff he pulled). The borrower was just a standup guy who wanted to pay his loan off he actually used most of the proceeds to start his fencing business.
A commercial loan I settled for 7% of the balanced owed was still over $1Million collected.
I think the home loan smallest percentage I accepted was around 8.5% on a 2nd mortgage.
Easy work collecting those loans. They were NOT bad loans, the S&L's failed due to bad management, not bad lending. I think the company averaged around 35% balance settlements. Keep in mind, these were accounts the borrowers had no way to pay for up to 7 years before we contacted them. Homes, cars, boats, etc. that they could not get title cleared because the RTC simply boxed the files up and sent them to storage.
The US Congress when they created the RTC failed to create a repayment method/system for the customers of the closed down S&L's. The RTC locked the physical doors, fired everyone who worked for the places, and catalogued the contents. Utilities for the closed S&L's were terminated, no telephone number to call, no address to mail to. No way to make payment/payoff. (This is the same FedGov some want to put in charge of healthcare, expect no better if that happens.)
Bill Bartmann borrowed from his in-laws to purchase the 1st package of loans put up for sale by the Feds from the S&L bailout/crisis. He paid literally 3 cents on the dollar for the entire package. (The company was under his wife's name btw since he was in default technically to the Feds making him ineligible for federal bidding.) They broke even by collecting just 3 accounts from the package, the rest was profit they then used to buy more packages as they came up for auction. For about 3 years they were 1 of 2 companies worldwide bidding on these loan packages.
I had a series of portfolios I was collecting. The rest of the collection employees had just 1 portfolio each. My portfolios were personal loans, commercial loans, and real estate loans.
I settled a personal loan to 1 guy for 1% of the balance, due to the circumstances involved (illegal loan, closed over lunch at a strip club to a then 17 year old borrower...the ceo/pres. of the S&L in this case went to prison over a bunch of stuff he pulled). The borrower was just a standup guy who wanted to pay his loan off he actually used most of the proceeds to start his fencing business.
A commercial loan I settled for 7% of the balanced owed was still over $1Million collected.
I think the home loan smallest percentage I accepted was around 8.5% on a 2nd mortgage.
Easy work collecting those loans. They were NOT bad loans, the S&L's failed due to bad management, not bad lending. I think the company averaged around 35% balance settlements. Keep in mind, these were accounts the borrowers had no way to pay for up to 7 years before we contacted them. Homes, cars, boats, etc. that they could not get title cleared because the RTC simply boxed the files up and sent them to storage.
The US Congress when they created the RTC failed to create a repayment method/system for the customers of the closed down S&L's. The RTC locked the physical doors, fired everyone who worked for the places, and catalogued the contents. Utilities for the closed S&L's were terminated, no telephone number to call, no address to mail to. No way to make payment/payoff. (This is the same FedGov some want to put in charge of healthcare, expect no better if that happens.)
Posted on 12/4/19 at 11:02 am to TH03
quote:
You borrowed someone else's money. Why can't you give them the same amount back?
He didn't say what the debt was for. It might not be a loan. It could be some shitty timeshare debt, or a medical bill with no insurance or cash discount. Not all debt negotiation means the person is a deadbeat.
Posted on 12/4/19 at 11:14 am to Tarik One
$0.30 on the dollar. It was debt held by a company I went in to turn around.
Posted on 12/4/19 at 11:18 am to GreatLakesTiger24
quote:But did you run off on da plug twice?
The plug front me a zip an I told that boy he got his shite took
Posted on 12/4/19 at 11:19 am to Tarik One
quote:
I currently have a debt. A year ago, they made me an offer of half, which is pretty good. However, it took a while to scrape up some cash to settle.
Right now I am at 40% of the total.
I get it, they have all the leverage and ultimate say-so. But I figured I can settle for even less IF i have the money upfront and proactively contact them.
You're whats wrong with this country.
You want shite but don't want to pay for it. Idiots like you caused the housing collapse and idiots like you will cause the student loan collapse some day.
Pay your debts in full or you are a POS that drains the rest of us.
Posted on 12/4/19 at 11:22 am to 9Fiddy
quote:
Ex wife’s student loan they came after me for when she was a deadbeat and not paying. $27,000. I paid $13,500 and they called it square.
ETA: this is the only debt I’ve ever negotiated. Because frick my ex wife.
Did you cosign for those loans? If not you were not legally responsible. If so, well you've learned an expensive lesson.
Posted on 12/4/19 at 11:24 am to BabyTac
Congratulations, another POS.
Posted on 12/4/19 at 12:07 pm to GreatLakesTiger24
quote:
The plug front me a zip an I told that boy he got his shite took
He said his drug dealer loaned him an ounce of Marijuana on credit, but instead of paying him back, he claimed it was stolen.
Posted on 12/4/19 at 12:16 pm to Tarik One
I’ve paid in full every debt I’ve ever had.
To consider doing otherwise is unthinkable to me.
To consider doing otherwise is unthinkable to me.
Posted on 12/4/19 at 12:23 pm to PrivatePublic
quote:
Why in the blue frick would you pay off your ex wife's student loan debt???
I’m guessing he was co-signed on the loan and rather than reopen the divorce settlement elected to pay it to save him the headache.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News