Ugh. I got a collections notice for a medical bill that I swear I paid months ago. I am working on finding the evidence right now. I called the credit card company and tried to get some info. At the end of our call the credit card lady offered to deposit $15,000.00 cash directly into my bank account with an APR of 2.99%. (Its the remaining balance of my credit line). I have no assets, no house, no cars worth more than a couple thousand dollars...no retirement account...no nothing....to offer in collateral and yet they are willing to give me cold hard cash that I am not obligated to pay back. The worse they could do is harass me with phone calls for 10 years.
WHAT THE HECK?!?!?!?
I said...no thanks, but its nice to know I have the option.
And we need to bail out the banking industry? I wonder why!?