i am mad

Today i was listening to a podcast from NPR which made me so mad i had to call dale and yell. the show was about ARM or adjustable rate mortgages, which basically are a REAL sweet interest rate for the 1st 3 yrs or so then "adjust" to a way way higher rate, which = higher payment.

so there was this lady in san antonio who got an ARM and her mtg was like i dunno $450 a month for 3 years, ok no biggie...then 3 months ago it jumped to like $650.00 and now NPR is like "antonia chavez sits at her kitchen table with piles of unopened bills before her..."

So the lady goes on and on about how "my mtg officer, she was nice, i thought was my friend, she had dinner with my mom, she didnt explain this adjustable rate thing to me when i signed" and admitted to the lady"i didnt understand what i was signing up for" and "i cant afford this im a single mom."

blah blah...but bascially she had a bill from her mtg company that showed her past due like 1500.00...which if i do the math is about 3 months worth of payments and she was complaining "they (the mortgage company) used to call me every day, now they dont call me anymore, i just dont know what 2 do, maybe they started forclosure, i dunno."

so basically if i do the math, if she is 1500.00 past due thats like three payments, or a bit less...this means she hasnt fucking paid in 3 months, (Give or take) so where is the $1200.00 from her "old" payment? did she pay that to them? did she buy crack and snort that up her nose? go pay your goddamn mortgage company your 3 months at the old rate, i betcha they will take it...did you try to, um I dunno, refinance? One would think after 3 years you have SOME equity in your home?

I deal with IDIOTS like this all day...here is some advise to people in the blog world:

#1. MORTGAGE COMPANIES, CREDIT CARD COMPANIES, YOUR BANK, YOUR CAR DEALER & ANYONE WHO WOULD LOAN YOU MONEY IS (AND THIS IS REALLY IMPORTANT TO REMEMBER) NOT YOUR FRIEND!!!!!

They are NOT in business to help you. They are in business to MAKE MONEY. Which means, if you dont understand what you are signing or you don't think its "fair" that a credit card company would charge you 28.99% interest if you dont pay your bills , you should most likely NOT do business with that company.

#2

MORTGAGE COMPANIES, CREDIT CARD COMPANIES, YOUR BANK, YOUR CAR DEALER & ANYONE WHO WOULD LOAN YOU MONEY is NOT GOING TO MAKE SURE YOU UNDERSTAND WHAT YOU ARE GETTING YOURSELF INTO. Why? Because the "least educated consumer" (moron living in trailer park popping out kids/britney spears) is a MORTGAGE COMPANIES, CREDIT CARD COMPANIES, YOUR BANK, YOUR CAR DEALER & ANYONE WHO WOULD LOAN YOU MONEY..dream.

#3 why? because all of the above WANT you to go past due...why? because your credit card company doesnt make MONEY if you pay your bills on time, all the time, and in full. They make money off -fees charged to superamerica when you buy gas, -interest charged to consumers and -late fees. My credit card company HATES ME. I have never carried a balance and pay them off in full every fucking month. They LOSE money on people like me. If i went past due on lets say 5000.00 at 28.99%...for 6 months, you do the math...

anyways, i guess my collection job and this NPR story just all caught up and i got mad.