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you've just crossed over into the Berken Zone. Ever wonder why I have been representing debtors for 25 years? Everyone deserves a second chance. Now they want to shorten the foreclosure period in Colorado. If a collector doesn't show up to a hearing-automatic continuance! If that isn't lopsided, eh? If you don't show up to your hearing, most judges will find in favor of the collector. "Aren't you a real man? Can't you pay your bills? Do you like stealing from people? That's what you are doing to us!" BS!Īnd some judges are not so innocent either.
#Stephen berken debtinator plus
One collection attorney's office called and scared a client into a payment arrangement that she could not afford, and after it occured to her that she had no money for food, the collector said, "if you don't pay us, you will be arrested and your kids will not have you for Christmas." Really? Is it worth it to these folks to sell their souls to the devil for $12 an hour plus commission?Īnd they try to make you feel bad. But if you do not know this, you might pay in fear of your boss firing you. And they can't threaten garnishment without explaining they need a court judgment first. Or how about this? "If you don't pay us today, we will call your boss next week and garnish your wages!" Uhm, no! You need to sue me first and win.
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Yeah right! Ever hear of the Fair Debt Collection Practices Act?
#Stephen berken debtinator full
Not like you need another full time job taking these calls, right?Īnd it does not stop there! They call your neighbors and tell them that you are not paying your bills, and to have you call them. Sometimes they will autodial you ten times a day. Have you ever had the pleaseure of dealing with a collector on the phone? They are relenless as far as calling. As to a locally - owned bank, none better than Bank of Denver. (I have never liked Bellco and how they treat my clients). Public Service Credit Union, Academy Banks (it doesn’t do credit checks) are decent. That's about 1000 times what the average bank teller earns.īerken’s Tip–move your money to a local credit union. Chase’s own boss, Jamie Dimon, got $20.8 million in pay in 2010. Chase was caught recently overcharging 4,500 military members on their mortgages.
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Chase holds $19.5 billion worth of foreclosed homes-the greatest number of any among Chase’s mega-bank colleagues. Chase can borrow from the Federal Reserve at almost zero interest, yet refuses to modify mortgage rates for 354,000 American homeowners. I know Chase got $100.7 billion in bailout money from the U.S. The banking industry’s influence in this country has no peer. When you have so much influence and wealth concentrated in such a small group, you get “Too Big To Not Screw People,” or “Too Much Influence in Congress.” Remember when the Administration said we had to bail out the big banks because they were too big to fail? Yeah. This is good news for local banks and credit unions–they picked up 650,000 new accounts in the third quarter of 2011. Many of the fees are those “ha ha ha, we got you” fees are overdraft charges.īut many customers are fed up and have taken their business elsewhere. That is three times what folks paid two decades ago. In 2009 the average checking account holder paid $327 in annual fees. Bank of America, CitiGroup and JP Morgan–after the big bailout–were supposed to lower fees for consumers, not raise them. Here’s an example–Chase and Bank of America have raised fees on simple services, like using your debit card. When power is concentrated in few hands, they get together and conspire to keep competition at bay. Yet the downside, as Adam Smith foretold years ago, is predictable. The US Government likes big banks because they are easier to monitor than small neighborhood banks. President Obama couldn’t get the banks to meet for a cappuccino at Starbucks. While my heart goes out to these kids living in parks, as winter sets in, but rallies like “Occupy Wallstreet” have no effect. If change is to occur, it won’t come from within. And a Congress that can’t stand being in the same room with itself is hardly prepared to get more aggressive with banks. If banks would start giving credit, American businesses would rebound tomorrow. Banks just can’t help themselves from behaving abominably.