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Buyer’s nightmare

Mon, Aug 25, 2008

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Have you ever been a financial crisis? Well most of us have been though magnitude may differ as per situation and of course the cushion(read wealth) you have and unless you were born with a silver spoon in your mouth. Its nothing new. I find myself in financially critically often. Though i have been lucky in one aspect that i have not been in worse situations as i have seen people close to me in. I have a friend whose parents were in a nightmare crisis. they had a credit card of a reputed bank. They bought something from with the credit card and that was it. Everything went downhill from there. The bank started sending bills and they got themselves into Credit card debt. They paid the first time, second time, third time and a few more times thinking bank is levying some kind of charges. But it just din not stop.Debt consolidation They continued sending them bills and eventually the both parties landed in trouble. They eventually went for Debt relief and Debt help to get a breather. They sued the bank and after a good faught battle won the case and also one good amount as compensation from the bank in lieu of the trouble the bank caused them.
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4 Comments For This Post

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