#help paying off credit card debt

[debthelperdotcom]

Hope 4 paying off Personal Loan and Credit Cards #debtrelief #debtmanag...

[rubenesque-as-fuck]

🎺🎺It's donnnnne!!! 🎺🎺 For the first time since ~February 2020, all of my credit cards are finally paid off again. Between getting hit hard with covid right at the beginning of the pandemic, then being unemployed for 8 months but not actually qualifying for unemployment, then going through a series of shitty jobs that didn't actually pay a living wage, for a long time it felt like I was going to be stuck in a debt loop forever. The light at the end of the tunnel only really appeared last year after I got a promotion and raise at my current spot, and even then it still took me another year of buckling down and putting most of my additional income directly into card payments. But it's fucking done. I know that this doesn't affect anyone else but it's such a fucking relief I'm sitting here crying while I try to get ready for work and I don't really have anyone to share it with so as usual I'm just yelling it into the blog void.

[strawberrybyers]

realizing i’m so funny and talking a lot and making a million plans right now is not because i am healing for a new year new me era but because i am entering a state of ✨hypomania✨

[autistic-shaiapouf]

Gonna have to bust out the comm sheet soon bc work is not scheduling me and. frankly. I simply do not want to be there as of late

[the-commonplace-book]

folks my credit card is almost paid off 💕😭💕

[justonefeather]

I get packing underwear for myself so I feel better at work mostly. I don't go to a job where i wear sweatpants anymore but it just makes me more comfortable since i see these people nearly every day. But uhh they're a little expensive, relatively, or at least for me. But I'm finally both paying off debt and saving a little money every check, so I bought a 3-pack, since some of the underwear i have are getting holes around the waistband and the.. leg bands? The end bits. Idk i haven't bought myself new underwear in years because it's something I've thought of as kind of frivolous, what i have still lives so I should use it and not waste money on buying something new. But doing laundry today i was like hmm ok yeah i need to replace some of these (to be fair most of the ones in bad shape are not the packing underwear, i will rep this brand forever, $20 a pair is rough but if you can spare it they're great)

[mostlysignssomeportents]

Paying consumer debts is basically optional in the United States

The vast majority of America's debt collection targets $500-2,000 credit card debts. It is a filthy business, operated by lawless firms who hire unskilled workers drawn from the same economic background as their targets, who routinely and grotesquely flout the law, but only when it comes to the people with the least ability to pay.

America has fairly robust laws to protect debtors from sleazy debt-collection practices, notably the Fair Debt Collection Practices Act (FDCPA), which has been on the books since 1978. The FDCPA puts strict limits on the conduct of debt collectors, and offers real remedies to debtors when they are abused.

But for FDPCA provisions to be honored, they must be understood. The people who collect these debts are almost entirely untrained. The people they collected the debts from are likewise in the dark. The only specialized expertise debt-collection firms concern themselves with are a series of gotcha tricks and semi-automated legal shenanigans that let them take money they don't deserve from people who can't afford to pay it.

There's no better person to explain this dynamic than Patrick McKenzie, a finance and technology expert whose Bits About Money newsletter is absolutely essential reading. No one breaks down the internal operations of the finance sector like McKenzie. His latest edition, "Credit card debt collection," is a fantastic read:

https://www.bitsaboutmoney.com/archive/the-waste-stream-of-consumer-finance/

McKenzie describes how a debt collector who mistook him for a different PJ McKenzie and tried to shake him down for a couple hundred bucks, and how this launched him into a life as a volunteer advocate for debtors who were less equipped to defend themselves from collectors than he was.

McKenzie's conclusion is that "paying consumer debts is basically optional in the United States." If you stand on your rights (which requires that you know your rights), then you will quickly discover that debt collectors don't have – and can't get – the documentation needed to collect on whatever debts they think you owe (even if you really owe them).

The credit card companies are fully aware of this, and bank (literally) on the fact that "the vast majority of consumers, including those with the socioeconomic wherewithal to walk away from their debts, feel themselves morally bound and pay as agreed."

If you find yourself on the business end of a debt collector's harassment campaign, you can generally make it end simply by "carefully sending a series of letters invoking [your] rights under the FDCPA." The debt collector who receives these letters will have bought your debt at five cents on the dollar, and will simply write it off.

By contrast, the mere act of paying anything marks you out as substantially more likely to pay than nearly everyone else on their hit-list. Paying anything doesn't trigger forbearance, it invites a flood of harassing calls and letters, because you've demonstrated that you can be coerced into paying.

But while learning FDCPA rules isn't overly difficult, it's also beyond the wherewithal of the most distressed debtors (and people falsely accused of being debtors). McKenzie recounts that many of the people he helped were living under chaotic circumstances that put seemingly simple things "like writing letters and counting to 30 days" beyond their needs.

This means that the people best able to defend themselves against illegal shakedowns are less likely to be targeted. Instead, debt collectors husband their resources so they can use them "to do abusive and frequently illegal shakedowns of the people the legislation was meant to benefit."

Here's how this debt market works. If you become delinquent in meeting your credit card payments ("delinquent" has a flexible meaning that varies with each issuer), then your debt will be sold to a collector. It is packaged in part of a large spreadsheet – a CSV file – and likely sold to one of 10 large firms that control 75% of the industry.

The "mom and pops" who have the other quarter of the industry might also get your debt, but it's more likely that they'll buy it as a kind of tailings from one of the big guys, who package up the debts they couldn't collect on and sell them at even deeper discounts.

The people who make the calls are often barely better off than the people they're calling. They're minimally trained and required to work at a breakneck pace. Employee turnover is 75-100% annually: imagine the worst call center job in the world, and then make it worse, and make "success" into a moral injury, and you've got the debt-collector rank-and-file.

To improve the yield on this awful process, debt collection companies start by purging these spreadsheets of likely duds: dead people, people with very low credit-scores, and people who appear on a list of debtors who know their rights and are likely to stand on them (that's right, merely insisting on your rights can ensure that the entire debt-collection industry leaves you alone, forever).

The FDPCA gives you rights: for example, you have the right to verify the debt and see the contract you signed when you took it on. The debt collector who calls you almost certainly does not have that contract and can't get it. Your original lender might, but they stopped caring about your debt the minute they sold it to a debt-collector. Their own IT systems are baling-wire-and-spit Rube Goldberg machines that glue together the wheezing computers of all the companies they've bought over the last 25 years. Retrieving your paperwork is a nontrivial task, and the lender doesn't have any reason to perform it.

Debt collectors are bottom feeders. They are buying delinquent debts at 5 cents on the dollar and hoping to recover 8 percent of them; at 7 percent, they're losing money. They aren't "large, nationally scaled, hypercompetent operators" – they're shoestring operations that can only be viable if they hire unskilled workers and fail to train them.

They are subject to automatic damages for illegal behavior, but they still break the law all the time. As McKenzie writes, a debt collector will "commit three federal torts in a few minutes of talking to a debtor then follow up with a confirmation of the same in writing." A statement like "if you don’t pay me I will sue you and then Immigration will take notice of that and yank your green card" makes the requisite three violations: a false threat of legal action, a false statement of affiliation with a federal agency, and "a false alleged consequence for debt nonpayment not provided for in law."

If you know this, you can likely end the process right there. If you don't, buckle in. The one area that debt collectors invest heavily in is the automation that allows them to engage in high-intensity harassment. They use "predictive dialers" to make multiple calls at once, only connecting the collector to the calls that pick up. They will call you repeatedly. They'll call your family, something they're legally prohibited from doing except to get your contact info, but they'll do it anyway, betting that you'll scrape up $250 to keep them from harassing your mother.

These dialing systems are far better organized than any of the company's record keeping about what you owe. A company may sell your debt on and fail to keep track of it, with the effect that multiple collectors will call you about the same debt, and even paying off one of them will not stop the other.

Talking to these people is a bad idea, because the one area where collectors get sophisticated training is in emptying your bank account. If you consent to a "payment plan," they will use your account and routing info to start whacking your bank account, and your bank will let them do it, because the one part of your conversation they reliably record is this payment plan rigamarole. Sending a check won't help – they'll use the account info on the front of your check to undertake "demand debits" from your account, and backstop it with that recorded call.

Any agreement on your part to get on a payment plan transforms the old, low-value debt you incurred with your credit card into a brand new, high value debt that you owe to the bill collector. There's a good chance they'll sell this debt to another collector and take the lump sum – and then the new collector will commence a fresh round of harassment.

McKenzie says you should never talk to a debt collector. Make them put everything in writing. They are almost certain to lie to you and violate your rights, and a written record will help you prove it later. What's more, debt collection agencies just don't have the capacity or competence to engage in written correspondence. Tell them to put it in writing and there's a good chance they'll just give up and move on, hunting softer targets.

One other thing debt collectors due is robo-sue their targets, bulk-filing boilerplate suits against debtors, real and imaginary. If you don't show up for court (which is what usually happens), they'll get a default judgment, and with it, the legal right to raid your bank account and your paycheck. That, in turn, is an asset that, once again, the debt collector can sell to an even scummier bottom-feeder, pocketing a lump sum.

McKenzie doesn't know what will fix this. But Michael Hudson, a renowned scholar of the debt practices of antiquity, has some ideas. Hudson has written eloquently and persuasively about the longstanding practice of jubilee, in which all debts were periodically wiped clean (say, whenever a new king took the throne, or once per generation):

https://pluralistic.net/2020/03/24/grandparents-optional-party/#jubilee

Hudson's core maxim is that "debt's that can't be paid won't be paid." The productive economy will have need for credit to secure the inputs to their processes. Farmers need to borrow every year for labor, seed and fertilizer. If all goes according to plan, the producer pays off the lender after the production is done and the goods are sold.

But even the most competent producer will eventually find themselves unable to pay. The best-prepared farmer can't save every harvest from blight, hailstorms or fire. When the producer can't pay the creditor, they go a little deeper into debt. That debt accumulates, getting worse with interest and with each bad beat.

Run this process long enough and the entire productive economy will be captive to lenders, who will be able to direct production for follies and fripperies. Farmers stop producing the food the people need so they can devote their land to ornamental flowers for creditors' tables. Left to themselves, credit markets produce hereditary castes of lenders and debtors, with lenders exercising ever-more power over debtors.

This is socially destabilizing; you can feel it in McKenzie's eloquent, barely controlled rage at the hopeless structural knot that produces the abusive and predatory debt industry. Hudson's claim is that the rulers of antiquity knew this – and that we forgot it. Jubilee was key to producing long term political stability. Take away Jubilee and civilizations collapse:

https://pluralistic.net/2022/07/08/jubilant/#construire-des-passerelles

Debts that can't be paid won't be paid. Debt collectors know this. It's irrefutable. The point of debt markets isn't to ensure that debts are discharged – it's to ensure that every penny the hereditary debtor class has is transferred to the creditor class, at the hands of their fellow debtors.

In her 2021 Paris Review article "America's Dead Souls," Molly McGhee gives a haunting, wrenching account of the debts her parents incurred and the harassment they endured:

https://www.theparisreview.org/blog/2021/05/17/americas-dead-souls/

After I published on it, many readers wrote in disbelief, insisting that the debt collection practices McGhee described were illegal:

https://pluralistic.net/2021/05/19/zombie-debt/#damnation

And they are illegal. But debt collection is a trade founded on lawlessness, and its core competence is to identify and target people who can't invoke the law in their own defense.

Going to Defcon this weekend? I’m giving a keynote, “An Audacious Plan to Halt the Internet’s Enshittification and Throw it Into Reverse,” today (Aug 12) at 12:30pm, followed by a book signing at the No Starch Press booth at 2:30pm!

https://info.defcon.org/event/?id=50826

I’m kickstarting the audiobook for “The Internet Con: How To Seize the Means of Computation,” a Big Tech disassembly manual to disenshittify the web and bring back the old, good internet. It’s a DRM-free book, which means Audible won’t carry it, so this crowdfunder is essential. Back now to get the audio, Verso hardcover and ebook:

http://seizethemeansofcomputation.org

If you’d like an essay-formatted version of this post to read or share, here’s a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/08/12/do-not-pay/#fair-debt-collection-practices-act

[debthelperdotcom]

Debthelper Success Story

[fatehbaz]

Good question:

In the United States, many jails and prisons can and will charge you money for every single night that you spend imprisoned, for the entire duration of your incarceration, as if you were being billed for staying at a hotel. Even if you are incarcerated for years. Adding up to tens of thousands of dollars. What happens when you’re released?

In response to this:

---

So.

You’re getting charged, like, ten dollars every time you even submit a request form to possibly be seen by a doctor or dentist.

You’re getting charged maybe five dollars for ten minutes on the phone.

Any time a friend or family tries to send you like five dollars so that you can buy some toothpaste or lotion, or maybe a snack from the commissary since you’re diabetic and the “meals” have left you malnourished, maybe half of that money gets taken as a “service fee” by the corporate contractor that the prison uses to manage your pre-paid debit card. So you’re already losing money every day just by being there.

What happens if you can’t pay?

In some places, after serving just a couple of years for drugs charges, almost 20 years after being released, the state can still hunt you down for over $80,000 that you “owe” as if it were a per-night room-and-board accommodations charge, like this recent highly-publicized case in Connecticut:

Excerpt:

Two decades after her release from prison, [TB] feels she is still being punished. When her mother died two years ago, the state of Connecticut put a lien on the Stamford home she and her siblings inherited. It said she owed $83,762 to cover the cost of her 2 1/2 year imprisonment for drug crimes. [...] “I’m about to be homeless,” said [TB], 58, who in March [2022] became the lead plaintiff in a lawsuit challenging the state law that charges prisoners $249 a day for the cost of their incarceration. [...] All but two states have so-called “pay-to-stay” laws that make prisoners pay for their time behind bars [...]. Critics say it’s an unfair second penalty that hinders rehabilitation by putting former inmates in debt for life. Efforts have been underway in some places to scale back or eliminate such policies. Two states — Illinois and New Hampshire — have repealed their laws since 2019. [...] Pay-to-stay laws were put into place in many areas during the tough-on-crime era of the 1980s and ’90s, said Brittany Friedman, an assistant professor of sociology at University of Southern California who is leading a study of the practice. [...] Connecticut used to collect prison debt by attaching an automatic lien to every inmate, claiming half of any financial windfall they might receive for up to 20 years after they are released from prison [...].

Text by: Pat Eaton-Robb. “At $249 per day, prison stays leave ex-inmates deep in debt.” AP News / The Associated Press. 27 August 2022.

---

---

Look at this:

To help her son, Cindy started depositing between $50 to $100 a week into Matthew’s account, money he could use to buy food from the prison commissary, such as packaged ramen noodles, cookies, or peanut butter and jelly to make sandwiches. Cindy said sending that money wasn’t necessarily an expense she could afford. “No one can,” she said. So far in the past month, she estimates she sent Matthew close to $300. But in reality, he only received half of that amount. The balance goes straight to the prison to pay off the $1,000 in “rent” that the prison charged Matthew for his prior incarceration. [...] A PA Post examination of six county budgets (Crawford, Dauphin, Lebanon, Lehigh, Venango and Indiana) showed that those counties’ prisons have collected more than $15 million from inmates — almost half is for daily room and board fees that are meant to cover at least a portion of the costs with housing and food. Prisoners who don’t work are still expected to pay. If they don’t, their bills are sent to collections agencies, which can report the debts to credit bureaus. [...] Between 2014 and 2017, the Indiana County Prison — which has an average inmate population of 87 people — collected nearly $3 million from its prisoners. In the past five years, Lebanon’s jail collected just over $2 million in housing and processing fees.

Text by: Joseph Darius Jaafari. “Paying rent to your jailers: Inmates are billed millions of dollars for their stays in Pa. prisons.” WHYY (PBS). 10 December 2019. Originally published at PA Post.

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Pay-to-stay, the practice of charging people to pay for their own jail or prison confinement, is being enforced unfairly by using criminal, civil and administrative law, according to a new Rutgers University-New Brunswick led study. The study [...] finds that charging pay-to-stay fees is triggered by criminal justice contact but possible due to the co-opting of civil and administrative institutions, like social service agencies and state treasuries that oversee benefits, which are outside the realm of criminal justice. “A person can be charged $20 to $80 a day for their incarceration,” said author Brittany Friedman, an assistant professor of sociology and a faculty affiliate of Rutgers' criminal justice program. “That per diem rate can lead to hundreds of thousands of dollars in fees when a person gets out of prison. To recoup fees, states use civil means such as lawsuits and wage garnishment against currently and formerly incarcerated people, and regularly use administrative means such as seizing employment pensions, tax refunds and public benefits to satisfy the debt.” [...] Civil penalties are enacted on family members if the defendant cannot pay and in states such as Florida, Nevada and Idaho can occur even after the original defendant is deceased. [...]

Text by: Megan Schumann. “States Unfairly Burdening Incarcerated People With “Pay-to-Stay” Fees.” Rutgers press release. 20 November 2020.

---

So, to pay for your own imprisonment, states can:

-- hunt you down for decades (track you down 20 years later, charge you tens of thousands of dollars, and take your house away)

-- put a lien on your vehicle, house

-- garnish your paycheck/wages

-- seize your tax refund

-- send collections agencies after you

-- take your public assistance benefits

-- sue you in civil court

-- take money from your family even after you’re dead

[newsfromstolenland]

hello!

my name is samira, your local brown disabled dyke

I'm currently not able to work more than a few hours a week and I don't have a lot of money

while I don't have an urgent fundraising goal at the moment, I'm trying to pay off my credit card debt bit by bit, so I figured I'd make a general post with information on how to help me with that

this is my paypal link, I also have etransfer set up so you can dm me for that info

thank you in advance to anyone who shares and/or donates, every little bit helps!

[nyancrimew]

i really hate how often i have to post about this, but im horribly in debt and if i don't get out of this soon (ideally within like two months) it's only gonna keep getting way worse. at this point im over 4.6k in the minus cause both paying back debt and keeping up with living expenses and bills at the same time is pretty much impossible on my little income, so i always end up having to spend more in credit card debt again (i have to cover most of the living expenses for a two person household and sometimes help my wife with shopping as well).

i know i already have enough coming in rn (with the talk and other paid work + a bit of my monthly income) to pay off at least 1.6k this month, but absolutely anything i get will help me massively, and especially monthly subscriptions are valuable for budgeting and allowing me to worry less while doing my writing or posting my silly posts and are my only stable form of income.

give with card if possible as it is currently not possible for me to get paypal money into my bank account, but paypal is at least still useful for running expenses, anything helps <3

[cozy2000]

!! please do not tag as "f1nanc1al a1d" or similar !!

PLEASE HELP GAZANS AND PALESTINIANS FIRST!!!

so the primary thing keeping my financial freedom in a grip is my credit card debt. the total is $1,384.70. if i can get that paid off in one payment my dad will lower my rent payments and I'll be able to build credit to get a loan and get the hell out of my sexually, emotionally, mentally, and financially abusive situation sooner than later. i also need money for food, but if i can get my credit card paid off too, then i can use the credit card to buy food and immediately pay it off to build credit

donations $30 and above can ask for a commission like this in return!

GOAL REACHED as of may 15th

vnm/cshpp: @cozicko

pypl: zickocolin[@]gmail[.]com

sorry for all the don8on posts lately, life is tough and my chronic illnesses are advancing in severity and im needing to eat more to keep myself able to work

PAID OFF! im still financially bad off and need food and meds but WE ARE CLEAR!

[pillarofna]

if you voted please reblog !!!!

my last post was $220 short of my goal and completely stopped getting reblogs so i’m making a shorter newer post. tl;dr i was fired for putting in my two weeks and my bills have been piling up while i’m unable to work due to medication changes & an injury. i am also trans & disabled which makes finding a job much harder.

and it turns out my car insurance was $60 more expensive this month because i changed my plan to include collision coverage, and i owe over $1,500 on my credit card so i’m really struggling to pay it back (this is on top of the $11,000 i’m already in debt). making my new goal $500 to help me pay off 30% of my credit card, and help me not get fucked over financially while i’m waiting for another job.

pypal (@ aidenallison)

cshapp ($diabolicshrimp)

vnmo (@ diabolicshrimp)

i also have commissions open if you would like art in return.

$0 / $500

[800-dick-pics]

Help a Black Disabled Lesbian out of Debt!

Hey yall Im in a really tight spot because my abusive mother, she put bills in my name as child so now I am getting debt collector mail. She lied to me and said she paid them off but she didnt. I have been in classes for a month and I really cant pay this off especially now. Because of this I can no longer use my credit card to buy groceries which is a huge issue esp because my dog needs food. My mom refuses to help me pay these debts off. With the help of my partner we have been able to cover previous bills but this one is over $450. I really need to pay this off ASAP.

GOAL - $485

CA: $sleepyhen

VN: wildwotko

DM for Paypl

[eddiediaaz]

hi guys, i am kind of ashamed and embarrassed to have to do this, but i figured it can't hurt to ask. basically i am really struggling right now (i know a lot of us are). i need financial help, so i set up a ko-fi page ☕

any kind of help would be so appreciated and i am so grateful for anyone taking the time to read this little post.

long story short: because of situations completely out of my control, i lost my job in vfx after almost 8 years and i am now forced to switch careers. i'm going back to school and can't find a part time job even tho i have been working non stop for 15 years. financial aid will only cover my rent, so i absolutely need to work 20 to 30 hours a week to cover the rest of my living expenses, but it's really hard to find a job. i am also currently over 10k cad in debt from my film school loans and credit cards.

signal boost would be appreciated, if you can 💕

my situation in more details under the cut for those who are curious

i was working in the vfx industry as a 2D compositor since 2016 (i have worked on over 40 films and tv shows), but in december of 2023 i lost my job due to the hollywood strikes (as expected, and as it should—i fully support the strikes). this was supposed to be temporary for a couple months where i could get unemployment benefits (only 45% of my usual salary though). unfortunately, on may 31st 2024, my government announced that they are significantly cutting the funding & tax credits for the vfx industry where i live. what does this mean? mass lay offs. thousands of canadians and other people in the world working in the industry are losing their career, including me. there will only be about 20% vfx jobs left where i live by 2025. vfx shops and production houses have already started to close doors here. i'm still mourning this career i have been working in for 8 years and loved, even tho it's been difficult and demanding at times (lots of overtime), but there are just no jobs right now (unless you are a senior vfx artist with decades of experience) and the future will only get more bleak. i could move abroad and follow the industry that is already moving somewhere else, but i don't want to do that on my own (i am already super lonely as it is!!) and i can't afford it.

my unemployment benefits will run out by the last week of september. in 4 weeks. i've been sending resumes everywhere, both online and in person, but i am just not getting anything in return. even tho i have over 15 years of experience working in various jobs and i have never been fired from anywhere. even tho my resume and cover letters are solid because they have been approved my professional counselors (a free service for people under 35 where i live). so much for they're hiring everywhere...

since my vfx compositing skills are very niche and not really applicable to much else, i decided to go back to school, taking college classes in the admin and excecutive assistant fields, since it's something that i think would be good for me and there are lots of jobs for that here. i will be getting some financial aid, but it's nowhere near enough to survive. it will only cover my rent, and that's because my rent is super cheap for my city. my college classes start on september 30 and i am excited for it, but also very stressed because i still don't have a part time job.

i've been living on my own with a small salary for over 10 years now, but it truly is the first time that i'm struggling this hard. i honestly don't have anything worth selling except some taylor swift perfumes, which i sold this week. i also have over 6k of credit debt and another 4.5k of school loans left to pay. at the bare minimum i will need about $1.000 CAD/month to cover my other bills and expenses after rent, hence why the need for a job ASAP. i am desperate and my mental health has been a huge mess. this is why i decided to open my ko-fi accounts. not that i'm expecting much, but anything can help, i think.

i don't have much to offer in exchange, except gifs? i'm wondering if (cheap, low price) gif commissions are a thing? i have no idea know, but i set up a poll on my ko-fi page to see if anyone would be interested.

thank you for reading if you've made it here, it's appreciated 💖