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It does help the person in debt though. Have you ever had that kind of debt? Where they call you ten times a day? You can’t get an apartment if they’re going
by fallingfrog 6y ago
It does help the person in debt though. Have you ever had that kind of debt? Where they call you ten times a day? You can’t get an apartment if they’re going to run your credit score. It hurts your relationships and makes you depressed. Owing a few hundred dollars to a collection agency can really affect your life in a negative way.
- fallingfrog 6y agoIt was because of an overdraft fee, if you’re wondering- I checked my account balance at an atm machine, and it came up $1.50. But, unbeknownst to me the machine then charged me 2 dollars for checking. That was the last day of the month, so then I got hit with an extra overdraft fee, so now I was down about 100 dollars. I refused to pay it. They continued charging me overdraft fees every month for a few years then sent the bill to a collections agency, it was over a thousand dollars by then. This was all going on in 2008 while I was watching every J.P. Morgan banker get away scot free for almost tanking the world economy. I ended up paying the whole thousand dollars so I could get an apartment with my girlfriend. About 10 years later I got sent 25 bucks as part of a class action lawsuit against the bank. Thanks, I guess?