| Thursday, February 15, 2007 |
| Wikiality or Truthiness? |
 Last week's answer: Wikiality. It seems the popular consensus is that when a creditor sends back a payment (partial or in full) they are refusing your money, thus releasing you from your debt. However according to the laws of the Uniform Commercial Code this tricky consensus is not factual. Returning your payment is simply them refusing to honor "your" terms of the debt.
However, there is a bit of Truthiness to the story depending on the laws in your state. I wouldn't try partial payments or messing with the accounting departments of those who hold your mortgage or car loan for fear of repossession or foreclosure.
Utilities also, for they can be shut off if payment arrangements aren't agreed upon. But for most other debts, if you're in a financial pickle small payments can be held in your favor vs. no payment at all. You've shown an sincere and responsible effort.Labels: Wikiality or Truthiness? |
Stumble It!
.......posted by Margaret @ 8:18 AM   |
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| Thursday, February 08, 2007 |
| Wikiality or Truthiness? - Paying Bills |
You're swimming in debt and trying to write out checks for all of your bills at the beginning of the month. Unfortunately, you don't have enough money in your checking account to cover them all. You are then left with the harsh decision on whether to not pay someone at all or send out a partial payment.
Lots of creditors are very cooperative when you call them to explain your situation. They are more than happy to take a partial payment and make arrangements to allow you to catch up. Yet, there are some who don't. They'll ream you out, raising your blood pressure and worry level to heights unbearable, outright refusing to accept a partial payment. What do you do?
Send them a partial payment anyway!! They have to take it - if they don't and send your check back to you - they are legally releasing you from your entire debt. No kidding! In the eyes of the law they are refusing payment and saying, "We don't want your money!"
The only law applicable is if you wrote "Payment in Full" in the memo area when you still owe a balance. They can still sign and cash the check, providing they write "under protest" beside it. They can also send the check back not endorsed with a letter stating they refuse to accept your Payment in Full terms.
Basically, a creditor refusing a check for partial payment when you still fully admit there is a balance due - legally releases you from the entire debt. You can't loose!
So be creative when forced to juggle your bills around. If a creditor really burns your buttons and sets your jugular pounding with rage try sending your next payment like this:
Then DARE them to send it back!!
You decide - Wikiality or Truthiness?
Labels: Wikiality or Truthiness? |
| Stumble It!
.......posted by Margaret @ 7:35 AM |
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| Wednesday, February 07, 2007 |
| Wikiality or Truthiness? |
In a little town called Pigeon Falls the townspeople often get together for coffee and saffron buns, hosting what is known there as "The Liar's Club." Each take turns telling a story, either from recent news events, history or a personal experience. The purpose is to find out who - in this tiny town - is the best storyteller on the block.
My very favorite news reporter, Stephen Colbert has sniffed out, identified and defined a new sense of biased, opinionated news media, rhetoric and spin into two separate satirical terms: Truthiness and Wikiality.
Truthiness: Truth that comes from the gut, not books. The quality of preferring concepts one wishes to be true, rather than concepts or facts known to be true.
Wikiality: Reality as defined by a consensus, particularly in a collaborative endeavor such as Wikipedia
Starting tomorrow, each Thursday I'm want to try something new by posting a short story that may be true or pure bologna. It is up to you the reader to dismantle it in my comment section by declaring if it is "Wikiality or Truthiness?" I'll post the answer in next weeks post so that everyone has had a chance to play and comment.
If you want to play along and share a big fish story of your own, let me know! I'll love to stop by and read your stories. If you happen across a news story that reads too incredible to be true, I'd love to read that also. I'll slap a Mr. Linky at the end of tomorrow's premier post for those who want to join in the fun.Labels: Wikiality or Truthiness? |
| Stumble It!
.......posted by Margaret @ 12:52 PM |
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