Monday, February 9, 2009

Credit? Or Welcome to the New Reality

Just interviewed a comedian/friend this morning who is performing with Dana Carvey this weekend and almost hung up when his outgoing message kicked in. As I started leaving a message he picked up and said, "Howie? I'm getting too many calls from creditors so I don't pick up unless I know the person who is calling." Wow. There was a time when one felt a little bad when they were behind on a payment be it credit card, rent, a mortgage or any utility bill. Well. Welcome to the new 'It's okay to be late on your payments' reality. Odds are the person on the other line calling to ask why you haven't paid a bill on time is probably one paycheck away from being foreclosed on as well.What with the country is it's worst financial straits since the Great Depression I have noticed that creditors are willing to work a little bit more in your favor instead of the usual strong arm tactics of the last millennium. I guess when your bank is on the fritz than it doesn't look to bad if you are. I guess if Congress is asking for approval of an 800 billion dollar stimulus package maybe they'll let us little people slide a bit longer when it comes to paying on time. Regardless, if I don't pick up the phone when you're trying to call me don't take it personally okay? Nowadays if anyone leaves a message asking id "Howard Nave" is there it means its either someone from my college days or a creditor. Political satirist Will Durst said it best with regards to our banking institution, "What we’ve been experiencing is bank robbery in reverse. The perps didn’t even bother wearing masks. And triggered absolutely no silent alarms. The problem is, those security cameras in the lobby are pointing the wrong way. You should do what I do. Now, every time I make a deposit, I ask the teller for 2 pieces of identification. “Oh yeah, what’s your mother’s maiden name?" Amen to that my brotha....

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