CoverDrive

I keep getting these calls. One time I decided to play with them. I had the guy on the line for about 15 minutes before I started to laugh. He muttered something under his breath and asked me in his very Indian accent if I knew what a MF'er was. I said yes, to which he replied "Well you are one!" I replied that not only was I a MF'er but the mother I f'ed was his and that he should call me daddy. Apparently he did not like that and he disconnected.

First rule of Credit Boards is you DO NOT talk to debt collectors. Second rule of credit boards is YOU DO NOT TALK to debt collectors. But seriously, make all communication written because words are wind and you cant prove anyone said anything without it in writing.

First rule of Credit Boards is you DO NOT talk to debt collectors. Second rule of credit boards is YOU DO NOT TALK to debt collectors. But seriously, make all communication written because words are wind and you cant prove anyone said anything without it in writing.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2330942 There is a .pdf file to download. Lots of interesting info. The abstract is below. Abstract: We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act. We use a panel data set covering 160 million credit card accounts and a difference-in-differences research design that compares changes in outcomes over time for consumer credit cards, which were subject to the regulations, to changes for small business credit cards, which the law did not cover. We estimate that regulatory limits on credit card fees reduced overall borrowing costs by an annualized 1.6% of average daily balances, with a decline of more than 5.3% for consumers with FICO scores below 660. We find no evidence of an offsetting increase in interest charges or a reduction in the volume of credit. Taken together, we estimate that the CARD Act saved consumers $11.9 billion per year. We also analyze a nudge that disclosed the interest savings from paying off balances in 36 months rather than making minimum payments. We detect a small increase in the share of accounts making the 36-month payment value but no evidence of a change in overall payments.

Bump

Absolutely. I asked for a PFD and they sent a letter stating that they would do so.