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marmar (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 08:24 AM Original message |
Debtor's Revolution: Are Debt Strikes Another Possible Tactic in the Fight Against the Big Banks? |
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dkf (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 08:42 AM Response to Original message |
1. Won't this just jack up people's rates and have their access to debt cut off? |
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Fuddnik (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 10:13 AM Response to Reply #1 |
2. If you refuse to pay, who gives a shit what the interest rate is? |
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dkf (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 10:56 AM Response to Reply #2 |
3. Well if you never want another loan because you have cash then that is fine. |
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socialist_n_TN (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 11:08 AM Response to Reply #3 |
4. I've been mentioning this for years as a another possible |
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dkf (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 11:12 AM Response to Reply #4 |
5. What kind of rates did you get? |
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MedicalAdmin (1000+ posts) Send PM | Profile | Ignore | Thu Nov-10-11 02:46 PM Response to Reply #5 |
28. I've done a bankruptcy 8 years ago. |
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intheflow (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 11:57 AM Response to Reply #4 |
8. It is just bullshit. |
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backscatter712 (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 06:13 PM Response to Reply #4 |
18. Exactly - it's another version of the "This'll be on your permanent record!" scare tactic. |
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tcaudilllg (1000+ posts) Send PM | Profile | Ignore | Thu Nov-10-11 07:49 AM Response to Reply #3 |
22. dkf there will always be credit unions. |
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backscatter712 (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 11:46 AM Response to Reply #1 |
6. And we're not having our interest rates jacked and access to debt cut already? |
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bemildred (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 11:48 AM Response to Reply #6 |
7. That is the real point. |
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grasswire (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 02:31 PM Response to Reply #7 |
15. thank you for that reminder n/t |
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TBF (1000+ posts) Send PM | Profile | Ignore | Thu Nov-10-11 03:08 PM Response to Reply #1 |
29. Well I have already done a version of this, |
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yodermon (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 12:13 PM Response to Original message |
9. won't they just sue you and get a judgement against you & garnish your wages? n/t |
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backscatter712 (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 12:29 PM Response to Reply #9 |
10. That's when you get creative and move your money around so they can't get at it. |
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backscatter712 (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 12:30 PM Response to Reply #9 |
11. Also, if you don't have a job or house, you're judgment-proof. |
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backscatter712 (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 12:48 PM Response to Reply #9 |
12. Also, other ways to game this: Have groups of strikers skip one payment. |
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Fuddnik (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 01:34 PM Response to Reply #12 |
13. I really thought about it a fw weeks ago. |
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Sherman A1 (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 05:41 PM Response to Reply #13 |
17. Well Played! |
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yodermon (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 10:44 PM Response to Reply #12 |
19. thx for the replies, backscatter. I like the idea of "rolling non-payment strike" |
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socialist_n_TN (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 04:38 PM Response to Reply #9 |
16. That's what the bankruptcy laws are for |
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tcaudilllg (1000+ posts) Send PM | Profile | Ignore | Thu Nov-10-11 07:50 AM Response to Reply #9 |
23. that's a rally point against pols who support garnished wages laws. |
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grasswire (1000+ posts) Send PM | Profile | Ignore | Tue Nov-08-11 02:29 PM Response to Original message |
14. be sure to read the comments section |
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rapturedbyrobots (364 posts) Send PM | Profile | Ignore | Wed Nov-09-11 12:36 AM Response to Original message |
20. some friends and i have been talking about this |
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Ilsa (1000+ posts) Send PM | Profile | Ignore | Thu Nov-10-11 06:58 AM Response to Original message |
21. Won't work for me. |
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tcaudilllg (1000+ posts) Send PM | Profile | Ignore | Thu Nov-10-11 07:51 AM Response to Reply #21 |
24. The main point of this is that we've allowed ourselves to become dependent on the wrong people. |
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socialist_n_TN (1000+ posts) Send PM | Profile | Ignore | Thu Nov-10-11 10:16 AM Response to Reply #21 |
25. Not if you do a BK before they get the judgment |
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Ilsa (1000+ posts) Send PM | Profile | Ignore | Thu Nov-10-11 12:29 PM Response to Reply #25 |
26. Moving out of state. House has to be sold. We have lots of equity in it. |
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socialist_n_TN (1000+ posts) Send PM | Profile | Ignore | Thu Nov-10-11 02:26 PM Response to Reply #26 |
27. In your case, then don't do it. At least not on that particular |
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