SO upset and frustrated!!

[ilovemk76]

I apologize-I didn't know those terms were in effect yet. My only fear is that this may be repealed at a later date (so insurance companies could revert back to lifetime limits).

When the new law went into effect the company did not have to up the limit until the renewal. IIRC the law went into effect in 2/10. I remember we got our letter in June that our limit was now unlimited. I will not say I was scared at how high the premiums would go. I was presently surprised that it was the same in all of 2010. I knew our premiums would be going up this year because this was a 5 year for us (every 5 years since we got the policy our premiums jump). They project our jumps until we can collect medicare. This years jump was the same as they projected before the healthcare law.

I guess that shows how rare a multimillion dollar medical bill really is.

 

[DisneyScraps]

i don't think that credit would really make a difference in how well someone would work. There are a lot of special circumstances where people file bankruptcy. I know of one family that had a really sick child they had more than a million dollars of hospital bills. They filed.

I know of a close friend that was blind sided by her husband. He was lying about the money she was under the impression that they were paying bills all on time. He happened to be having an affair and used that money to hide that. They had to file they came and took her car, a week later she got the notice that her house was going to be forclosed.

My ex husband had a girlfriend she was embezzling from her company, she went to jail. That spun him into almost bankruptcy. He had to take over her payments for the furniture they had, he lost half of the household income. Huge lawyer bills. He hung on but what if he had to file?

Should those people be held back because it was not their fault. Does that make them less of a good employee?

I am not saying that happens in all cases but just because that happens to someone I don't think they need to be a pariah.

 

[Spoodleink]

i don't think that credit would really make a difference in how well someone would work. There are a lot of special circumstances where people file bankruptcy. I know of one family that had a really sick child they had more than a million dollars of hospital bills. They filed.

I know of a close friend that was blind sided by her husband. He was lying about the money she was under the impression that they were paying bills all on time. He happened to be having an affair and used that money to hide that. They had to file they came and took her car, a week later she got the notice that her house was going to be forclosed.

My ex husband had a girlfriend she was embezzling from her company, she went to jail. That spun him into almost bankruptcy. He had to take over her payments for the furniture they had, he lost half of the household income. Huge lawyer bills. He hung on but what if he had to file?

Should those people be held back because it was not their fault. Does that make them less of a good employee?

I am not saying that happens in all cases but just because that happens to someone I don't think they need to be a pariah.

In 2 of those 3 cases people showed extremely poor judgment. Not that and ex's affair or criminal activity was their fault but I wouldn't want someone handling my financial business who never took an interest in how their bills were being paid or didn't notice or question why their girlfriend suddenly had lots extra money. They are really not prime candidate for a job with access to people financial information and money.

 

[NHdisneylover]

In 2 of those 3 cases people showed extremely poor judgment. Not that and ex's affair or criminal activity was their fault but I wouldn't want someone handling my financial business who never took an interest in how their bills were being paid or didn't notice or question why their girlfriend suddenly had lots extra money. They are really not prime candidate for a job with access to people financial information and money.

I was thinking the same thing. BOTH partners should be aware of financial things even in a totally trusting relationship. If for no other reason than so you will know where the money and debt are and how to deal with them if one spouse is suddenly ill or deceased.

There are bills I handle 90% of the time and ones DH handles 90% of the time, but we still both see them often enough that i would catch something like this in a heartbeat.
Heck, we are looking at selling our house in NH and just tonight were looking, TOGETHER, at the pay of amount for the loan, the bank accounts in NH, the bank account here in Germany and the balances on all the credit cards we have.

 

[Swan4Me]

__________________


Former Disney cast member! June-Dec 1999
First time to take the family! DH, DD9, DS6

Your ticker and other posts show a WDW trip in 4 months-how can you afford this?

 

[CdnCarrie]

I find it really bizarre that a employer could access private financial information. I think that would be illegal in Canada. There was another thread the other day along similar lines regarding home insurance and credit. That never happens in Canada. Aren't there privacy laws in the U.S.? What business is it to a employer what your personal finances are?

 

[jenrose66]

UGH! I am so frustrated!! My husband has been out of work for some time and has had 3 potential interviews pop up, for decent jobs! He is in sales, so it is VERY hard to find something that offers salary, but essential, especially in this economy! Anyway, we were SOOO excited when I went to speak to an American Fidelity rep (I work in a school, and we have to go speak to a rep once a year, they come to us!) and she asked me what my husband does. I told her sales and she told me that they just had a job open up! Salary, commission, company car, laptop and ALL expenses paid! NOT TO MENTION...off whenever schools are closed!!! Very slow during summer...just do some training! An amazing opportunity!! So, imagine our disappointment when she emails us back to let us know that any recent bankruptcy filing (need to be 2 years out) is an automatic disqualification of the applicant!!!! We filed a 13 (will be 2 years ago in July), and therefore my husband will not even be INTERVIEWED for the job!! What kind of sense does this make? NONE! I can understand if it was for some type of financial sales position, but it is insurance sales! PLEASE! I think it is ridiculous that people can be denied a good job because of filing bankruptcy! Of course, I googled it, and it is totaly LEGAL. PRIVATE employers can deny employment to an individual SOLELY because they have filed bankruptcy!

Sorry....really needed to vent and spend SOOO much time on the DIS boards that I thought this would be a good place to do it!!

Just wondering on your thoughts about this? I mean, the companies say that it "says a lot about a person's character" if they have had to file bankruptcy. I say that there are TONS of reasons people may need to file and and you can't judge a person's character by this! UGH!!!

Bankruptcy laws exist to give people a second chance and a clean start...yet it's a catch 22 because it's public record and you are required to disclose if you've ever filed. Funny how are you supposed to get back on your financial feet if you can't get a job? It doesn't make sense.

I don't think it says anything about your character. Corporations file for bankruptcy all the time. It's looked at as a smart business decision regardless of if they made poor choices that got them into the debt or what...however for an individual to do it, what they are worth nothing because they defaulted on an amount of debt so miniscule in the scheme of things that it means nothing to anyone but the debtor themselves?

Filing bankruptcy as an individual can be a business decision. If you have gotten into debt that is so bad that even with your job it will take you every spare cent and 20 years to pay off that debt, then bankruptcy makes sense for you...and the government agrees else bankruptcy wouldn't exist. Now that you have your clean slate you can save for emergencies and retirement.

I'm sorry that you are going thru this. Good luck to you.

 

[arminnie]

Wow, we don't even know why they filed bankruptcy .....

And the company doing the hiring doesn't know why either. And if they have no trouble finding qualified candidates, they have no reason to waste their time looking into whether the filer was a deadbeat or a victim of circumstances. Hard to accept sometimes, but it is reality. Their bankruptcy attorney really, really should have explained all of this.

Can you give a link to examples of loans being given out that were truly NOT POSSIBLE to pay with income (ie--the loan was bigger than the income amount)?

"Liars' Loans" - but those non-documented loan falsifications of income are almost entirely the fault of the brokers and buyers.

Until I spent a full day canceling accounts, I must have had 20+ Visa credit cards - many of them with limits over $30,000. I could have run up HUGE debts - really the size of some mortgages. That still would have been my fault not the banks. (I had a business reason for having a Visa card with most of the banks that offered them. As the banks got consolidated I ended up with something like 8 or 9 accounts each with Chase, Citibank, etc.)

 

[sjaakie]

Does it really matter if banckruptcy is right or wrong? The OP is upset over her DH's unemployment and a lost job opportunity. Can't we just be sympathetic? They cant "un-bankrupt" themselves, they can only learn from the past and move on. Of course that is difficult when you don't have a job.

I'm sorrry it didn't pan out for you OP. Hopefully something even better will pop up soon for him.

Just one Google search that took seconds shows the the Op was in financial trouble years before so there must be much more to the story.
Just saying that this information is out there and now a days every employers does a search on the internet before hiring.

 

[NHdisneylover]

"Liars' Loans" - but those non-documented loan falsifications of income are almost entirely the fault of the brokers and buyers.

Still no link, but okay. SO basically you feel that if a person signs a statement about their assets and income which is false in order to obtain a loan--knowing what the monthly payment will be and that they do not really make enough to cover it--but the statement was written by shady, money hungry broker, that the signer is not responsible for that? You read things before you sign them. If not every word of fine print, AT LEAST all of the "fill in
" things like, I don't know, your INCOME to be sure it is correctly dine. This is not rocket science--it is responsibility. Yes, the banks were stupid to loan out money in this way. Yes, the brokers were unscrupulous money grabbers. However, the borrowers were greedy and irresponsible too.

I'll rephrase: do you have any links to any examples where a bank knowingly loaned out an amount which required more than the person's monthly income to repay?

 

[Disneyadore]

I'll rephrase: do you have any links to any examples where a bank knowingly loaned out an amount which required more than the person's monthly income to repay?

Yes the EU loaning money to Greece.
Sending you greetings from a very wet Stuttgart.

 

[Jedana]

.

 

[NHdisneylover]

Yes the EU loaning money to Greece.
Sending you greetings from a very wet Stuttgart.

The EU is not a bank and Greece is not a person or just a couple and that is not just a mortgage

Government bail outs and loans in a myriad of circumstances are a whole different kettle of fish that I am not about to get into here

 

[NHdisneylover]

deleting this out of respect for the poster

--sorry I know that is not "the rule" but then again, she is not the OP and she changed her mind very quickly--before she saw any responses.

I had a loooong reply all typed out, but now I see you deleted your comments while I was typing (I am slow at that--left it up awhile to think about if I was phrasing things right before posting). So, I will delete them too--I think you are wise to reconsider putting that all out there

 

[sjaakie]

Sorry wrong topic.

 

[ilovemk76]

Just one Google search that took seconds shows the the Op was in financial trouble years before so there must be much more to the story.
Just saying that this information is out there and now a days every employers does a search on the internet before hiring.

Wow that was interesting. Hmmmm that was over 4 years ago and it said nothing about DH and medical bills. I am so glad my DH will drive an hour to a better job so we can have the lights one.

 

[Carly_Roach]

Just one Google search that took seconds shows the the Op was in financial trouble years before so there must be much more to the story.

OMG. You spent time googling up the OP over a thread on a bulletin board? I'm so grateful that I'm frequently reminded of why I keep most of my private life to myself and am intentionally vague about details on the boards here.

Just....wow.

I don't think it says anything about your character. Corporations file for bankruptcy all the time. It's looked at as a smart business decision regardless of if they made poor choices that got them into the debt or what...however for an individual to do it, what they are worth nothing because they defaulted on an amount of debt so miniscule in the scheme of things that it means nothing to anyone but the debtor themselves?

Filing bankruptcy as an individual can be a business decision. If you have gotten into debt that is so bad that even with your job it will take you every spare cent and 20 years to pay off that debt, then bankruptcy makes sense for you...and the government agrees else bankruptcy wouldn't exist. Now that you have your clean slate you can save for emergencies and retirement.

I'm sorry that you are going thru this. Good luck to you.

Yep. That's how I feel about it, too. It seems that corporations (that aren't nameless or faceless - they're made up of people) can be as unethical and crooked as they want to be and it's looked upon as 'just business as usual' and applauded. Yet let an individual or many individuals repeat that exact same behavior and they're stoned, shunned and driven from our midst.

When you're looking at who has the biggest impact on our personal lives, obviously it's the corporations that will hurt us the most, not the individuals. The financial meltdown of 2008 that we're still living today demonstrates that in a very crystal clear manner. But I guess since the individuals are within our reach, we (like any bully) will choose to beat up on the one who is smaller than us instead of taking on the larger nemesis.

Thank you all for once again giving me reasons to be grateful for so many things in my life and for all I have become. In the end, we don't take money, possessions or other people's opinions of us with us when we go. The only thing we take is who we are. Maybe that's why so many people are afraid of death?

 

[Swan4Me]

OMG. You spent time googling up the OP over a thread on a bulletin board? I'm so grateful that I'm frequently reminded of why I keep most of my private life to myself and am intentionally vague about details on the boards here.

Just....wow.

?

But aren't you curious why the OP -who seems to be in financial distress-is taking a WDW vacation soon?

 

[NHdisneylover]

Wow that was interesting. Hmmmm that was over 4 years ago and it said nothing about DH and medical bills. I am so glad my DH will drive an hour to a better job so we can have the lights one.

Yes, interesting. That, along with the OP and the vacation plans ceraintly go together to show a pattern of not thinking and planning appropraitely with finances--as opposed to someone who is really doing everything rigth and just caught up in terrible circumstances beyond their control.
This is exactly the type of thing we see more ad more of. People are not learning from past mistakes but just repeating them over and over again--partly because as a society we are so quick to jump in and defend them and insist that they made no mistakes but were simply victims of circumstance--then THEY believe it too and the whole cycle just goes on again and again.

 

[sjaakie]

OMG. You spent time googling up the OP over a thread on a bulletin board? I'm so grateful that I'm frequently reminded of why I keep most of my private life to myself and am intentionally vague about details on the boards here.

Just....wow.

Jep. If you come here whit a sob story there is almost 99% change there is a whole other background.
Remember everything you put on the web will never go away and will hunt you or come back to bite you in you're behind.