Recent content by chadster1

The bank does not write the charges off, they charge them back to the merchant.

I thought this line was worth quoting.

Bank of America is really making a killing on this with all of the processing fees they are charging the merchant on each transaction

I want to short some oil. 90 days from now it will not be as high as it is now.

In my business, extending credit to hispanics, legal or not, is usually a safe bet.

In my experience collecting money you have a very slim chance of getting any money out of this deadbeat. Even if there were signed agreements, if they guy does not want to pay, he will not pay. If you try and take him to court, he will no-show. If you get a judgement against him, you will...

Its funny that this topic has come up. My mom used to work for a gold plating operation before she took ER when the place shut down. She brought over a bucket with 13 pounds of gold plated electronic contact pins and asked me to find a gold recycler. I sent the stuff to Precious Metal...

Don't you know the rule of every internet forum is that the newbie's always ask the newbie questions. ;D;D

The title says it all. Just trying to figure things out.

vital stats: Me 38, wife 40, no kids $40k in IRA, $20k in taxable investments, ($10k in money market for an emergency fund and $10k in mutual funds) $250k mortgage 6.25% fixed, 29 years left. $70k owed on business loans but this will be paid off in 2 years and that will free up $700 a...