Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
deadbeats
Old 03-25-2011, 11:40 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
deadbeats

Ohio man gets a $16.4 million cable bill - Yahoo! News

I certainly hope these deadbeats learned a lesson.

Have the credit card companies been able to pass a law creating debtors' prisons yet? Where are our lawmakers when lobbyists need them?
__________________

__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-26-2011, 12:10 AM   #2
Thinks s/he gets paid by the post
GregLee's Avatar
 
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
What I find disheartening is the response: For its part, Time Warner issued a statement apologizing for the error and said that they're "going to work with the customer to get this resolved." What's to get resolved? Is TWC going to try to split the difference or something? Haven't they put the guy to enough trouble? Just cancel the bill.
__________________

__________________
Greg (retired in 2010 at age 68, state pension)
GregLee is offline   Reply With Quote
Old 03-26-2011, 12:45 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
They are too busy trying to figure out how to take his house.
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 03-26-2011, 12:54 AM   #4
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,947
Quote:
Originally Posted by GregLee View Post
What I find disheartening is the response: For its part, Time Warner issued a statement apologizing for the error and said that they're "going to work with the customer to get this resolved." What's to get resolved? Is TWC going to try to split the difference or something? Haven't they put the guy to enough trouble? Just cancel the bill.
Time Warner is tough. My retired brother received a very large, very overdue and very erroneous bill from Time Warner for a residence in another state. It was an identity theft situation. When he contacted Time Warner, he got a letter stating "we know how to deal with people like you" (quote is factual). Being retired, he took great pleasure in gathering easily obtained proof (statement from landlord in the other state) and tieing them up in various paperwork. Ultimately he got a rather testy "nevermind" letter.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is online now   Reply With Quote
Old 03-26-2011, 02:06 AM   #5
Recycles dryer sheets
 
Join Date: Mar 2008
Posts: 404
Quote:
Originally Posted by Ed_The_Gypsy View Post
Ohio man gets a $16.4 million cable bill - Yahoo! News

I certainly hope these deadbeats learned a lesson.

Have the credit card companies been able to pass a law creating debtors' prisons yet? Where are our lawmakers when lobbyists need them?



If anything the tide is turning the other way. Haven't you heard of Elizabeth Warren, the noted Harvard Law Professor and consumer advocate? She's now part of Obama's administration She's been going after the card issuers for years.

Most people default on debt because they run out of money, not because of criminal intent.

Debtor prisons don't work, and would create more problems than they solve. There's a reason why our forefathers did away with them.
__________________
ACC USN-(Ret)
BLS53 is offline   Reply With Quote
Old 03-26-2011, 02:11 AM   #6
Recycles dryer sheets
 
Join Date: Mar 2008
Posts: 404
Quote:
Originally Posted by jazz4cash View Post
Time Warner is tough. My retired brother received a very large, very overdue and very erroneous bill from Time Warner for a residence in another state. It was an identity theft situation. When he contacted Time Warner, he got a letter stating "we know how to deal with people like you" (quote is factual). Being retired, he took great pleasure in gathering easily obtained proof (statement from landlord in the other state) and tieing them up in various paperwork. Ultimately he got a rather testy "nevermind" letter.
In the world of debt collection, consumers are considered guilty until proven innocent. That's one reason why so many of the big debt buying firms are constantly being slapped by the FTC and state AG's.
__________________
ACC USN-(Ret)
BLS53 is offline   Reply With Quote
Old 03-26-2011, 11:49 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
Quote:
Haven't you heard of Elizabeth Warren, the noted Harvard Law Professor and consumer advocate? She's now part of Obama's administration
Oh, yes. The highly effective Obama administration.
Quote:
She's been going after the card issuers for years.
And she has accomplished...what?

Quote:
Debtor prisons don't work, and would create more problems than they solve. There's a reason why our forefathers did away with them.
Really? Problems for whom? Certainly not for the companies. Our government has always thought that prison was a great deterrent against proscribed behavior.

Our founding fathers were deadbeats. Do you think that their solution could be applied today? (Think very carefully before you answer that.)
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 03-26-2011, 11:56 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
Quote:
In the world of debt collection, consumers are considered guilty until proven innocent. That's one reason why so many of the big debt buying firms are constantly being slapped by the FTC and state AG's.
And it is SO effective, too, isn't it?

In my next incarnation, I will be a repo man. I am too old to work for the IRS collection dept. The only organization I know of that is meaner/has less oversight/fewer limits on ability to act is Canada Revenue.
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 03-26-2011, 12:21 PM   #9
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
Deadbeats! Debtor's prison is too good for them! Bring back the workhouses, treadmill, and indentured servitude! Oh, and the judicial system is far too slow in dealing with deadbeats, so we need an administrative fast track. This should be an independent third party funded by the debt holders. When someone refuses to pay their 16.4 million dollar cable bill, they shouldn't be able to delay the inevitable through dubious actions such as complaining. They and their family should go right to the auction block, or at the very least to the workhouse while all their possessions are auctioned off.

Hrmph! The very thought that some poor business should have to bear the brunt, be being accused of billing in error, and carrying all this terrible debt on it's books brings tears to my eyes. Why, oh why, do people hate the poor businessman so much?
__________________
M Paquette is offline   Reply With Quote
Old 03-26-2011, 12:32 PM   #10
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
More seriously, what SOME businesses do is screen their bills. When a bill looks unusual, moving up or down significantly from month to month, or looks atypical compared to most customers, the bill gets kicked to a human for review.

This has a couple of benefits to the business. First, they can catch obviously foolish things like 16 million dollar cable bills, and avoid lots of bad publicity. Second, they can catch fraud early, before it runs over multiple billing cycles and costs them even more.

The drawback is that this requires the business to actually do something, which doesn't set well with the typical 'utility' business management that runs with a sense of entitlement to all that lovely cash flow. They've worked hard to get humans out of the workflow, and the thought of spending money to actually put someone back in the flow is anathema to them.
__________________
M Paquette is offline   Reply With Quote
Old 03-26-2011, 02:17 PM   #11
Full time employment: Posting here.
 
Join Date: Dec 2010
Posts: 746
Quote:
Originally Posted by BLS53 View Post
Most people default on debt because they run out of money, not because of criminal intent.
With a few exceptions, most people default on debt because they bought things they couldn't afford.
__________________
East Texas is offline   Reply With Quote
Old 03-26-2011, 02:33 PM   #12
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 10,137
Quote:
Originally Posted by East Texas View Post
With a few exceptions, most people default on debt because they bought things they couldn't afford.
Actually, the three primary reasons for personal bankruptcy are:

1. Job loss
2. Uninsured medical expenses
3. Divorce

The running up of credit card debt is usually a symptom of one of these misfortunes rather than a cause in and of itself.
__________________
Living an analog life in the Digital Age.
Gumby is offline   Reply With Quote
Old 03-26-2011, 08:34 PM   #13
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,372
The last comment right now on the website is a good one:

"Honey, did you order the AIG stimulus package on pay per view last month?"
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 03-26-2011, 11:39 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
Quote:
Originally Posted by Bestwifeever View Post
The last comment right now on the website is a good one:

"Honey, did you order the AIG stimulus package on pay per view last month?"
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 03-27-2011, 02:16 AM   #15
Recycles dryer sheets
 
Join Date: Mar 2008
Posts: 404
I don't know. If I was in the position of most people on this board, I would be more concerned with future Madoff types getting loose in those portfolios, than I would throwing the great unwashed into debtor prisons.
__________________
ACC USN-(Ret)
BLS53 is offline   Reply With Quote
Old 03-27-2011, 04:30 AM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Quote:
Originally Posted by GregLee View Post
What I find disheartening is the response: For its part, Time Warner issued a statement apologizing for the error and said that they're "going to work with the customer to get this resolved." What's to get resolved? Is TWC going to try to split the difference or something? Haven't they put the guy to enough trouble? Just cancel the bill.
I think the key part was apology!
__________________
chinaco is offline   Reply With Quote
Old 03-27-2011, 07:47 AM   #17
Full time employment: Posting here.
 
Join Date: Nov 2010
Posts: 583
I agree, the deadbeat SHOULD apologize! And pay his bill. And in the future, he really should cut down on Pay Per View.
__________________
devans0 is offline   Reply With Quote
Old 03-28-2011, 01:22 AM   #18
Dryer sheet aficionado
Isadora's Avatar
 
Join Date: Mar 2011
Location: Budapest
Posts: 30
Send a message via Skype™ to Isadora
Quote:
Originally Posted by GregLee View Post
What's to get resolved? Is TWC going to try to split the difference or something? Haven't they put the guy to enough trouble? Just cancel the bill.
It is difficult for people to admit they are wrong, imagine a company where there are so many to blame who would need to apologize.
__________________
"When a mystery is too overpowering, one dare not disobey." The Little Prince
Isadora is offline   Reply With Quote
Old 03-28-2011, 02:43 AM   #19
Thinks s/he gets paid by the post
 
Join Date: Jun 2010
Location: France
Posts: 1,195
Quote:
Originally Posted by M Paquette View Post
They've worked hard to get humans out of the workflow
... and the people from EDS or CSC or whoever lashed up the billing system in time for close of business on the day they said they'd deliver, assured them that nothing could possible go wrong.
__________________

__________________
Age 56, retired July 1, 2012; DW is 60 and working for 2 more years. Current portfolio is 2000K split 50 stocks/20 bonds/30 cash. Renting house, no debts.
BigNick is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Extracting flesh, from deadbeats! Sundance Kid Other topics 10 07-08-2006 09:56 PM

 

 
All times are GMT -6. The time now is 12:21 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.