Comments on: It’s that time of year again… http://www.bluntmoney.com/its-that-time-of-year-again/ Thu, 17 Dec 2009 12:51:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: paidtwice http://www.bluntmoney.com/its-that-time-of-year-again/comment-page-1/#comment-44005 paidtwice Thu, 16 Oct 2008 05:48:46 +0000 http://www.bluntmoney.com/its-that-time-of-year-again/#comment-44005 My credit union sends these all the time. With the same $30 fee. My credit union sends these all the time. With the same $30 fee.

]]> By: MoneyBeagle http://www.bluntmoney.com/its-that-time-of-year-again/comment-page-1/#comment-43978 MoneyBeagle Wed, 15 Oct 2008 16:25:28 +0000 http://www.bluntmoney.com/its-that-time-of-year-again/#comment-43978 I get these all the time, and my credit union used to send them as well when we still had an auto loan outstanding. They get shredded! I get these all the time, and my credit union used to send them as well when we still had an auto loan outstanding. They get shredded!

]]> By: TC http://www.bluntmoney.com/its-that-time-of-year-again/comment-page-1/#comment-43974 TC Wed, 15 Oct 2008 12:27:01 +0000 http://www.bluntmoney.com/its-that-time-of-year-again/#comment-43974 Oh, I'm so glad that I quit my mortgage collector job before the wacky season. I got so fed up with people calling to see if we would "skip" the Dec payment that I finally said this to one man: "Sir. Christmas has been going on for about the last 2000 years, and I predict that it will go on far past the day you die. How can you be surprised that it has occurred again this year? Ok, so let's suppose that we did allow you to "skip" a payment once a year. (Note: Without re-writing the loan. People don't understand about maturity dates.) You have a 30-year loan, Sir. This would mean that you will have "skipped" over TWO YEARS of payments in the course of your loan. This is two and half years of extra interest that you would owe us. Now, does this make any sense to you?" His answer--"No, I guess not." Oh, I’m so glad that I quit my mortgage collector job before the wacky season. I got so fed up with people calling to see if we would “skip” the Dec payment that I finally said this to one man:

“Sir. Christmas has been going on for about the last 2000 years, and I predict that it will go on far past the day you die. How can you be surprised that it has occurred again this year? Ok, so let’s suppose that we did allow you to “skip” a payment once a year. (Note: Without re-writing the loan. People don’t understand about maturity dates.) You have a 30-year loan, Sir. This would mean that you will have “skipped” over TWO YEARS of payments in the course of your loan. This is two and half years of extra interest that you would owe us. Now, does this make any sense to you?” His answer–”No, I guess not.”

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