Recap: El Al BOGO, JPMorgan Chase Lawsuits & More

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• I don’t see the problem with what Chase is doing.

  As long as they aren’t making mistakes with the lawsuits I don’t feel bad for them suing people that are way behind on their payments.

  • But they did make mistake with the lawsuits. Often. Quite often. That's exactly why they were forced to stop years ago. That's EXACTLY the problem.

• After reading that Chase article, I looked into what's the best course of action for people being sued for their credit card debt, and one of the most recommended options is settling. "Allowing the lawsuit to go to trial can be expensive for you and for the credit card company. 'My experience has been that (credit card companies) realize the cost of going to trial,' says Bob Dremluk, a New York-based bankruptcy attorney with Culhane Meadows, 'and they're willing to settle for lesser amounts to save the cost of litigation.'" You have to wonder if that's always going to be true as banks are figuring out how to better streamline these lawsuits with minimal opportunity for debters to be able to contest it.

  • There are a lot of people who CAN pay their bills, but chose NOT to. I don't support illegal or overly aggressive lawsuits, but people need to be held accountable for their debts. We spent trillions on rent, enhanced unemployment, student loan pauses and by most accounts, many people are flush with those savings. I often wonder how they vetted who needed real rent relief but the government handed out so much money, not sure it really matters. Many of these orgs engaged in robo signing of their own. In the end, the taxpayer is the one that gets screwed.

    • Cl, if you think it is the little guy that is the problem, that is a little delusional. This article points a finger at who probably is screwing us all over.

      https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

    • Your comment has nothing to do with what Zindella said

    • Your comment has nothing to do with what I said.

      • i'd like you to meet my friend, mr. internet

    • The other way to look at it is that the government unleashed support that many truly needed because we have a safety net...that is full of holes. By some analyses the child poverty rate was cut by nearly half. We can eliminate hunger, poverty, etc. -- it's just that we choose not to do it. Often because those people who need help are people of color.

      You're right, there are lots of people who have bills they should pay. Looking at you, multi-millionaires and billionaires.