There's a lot of mechanics that go into paying my debt, is it automatic withdrawal? If so how do I change the account? Is it someone I can barely hear in a noisy call center I get to talk to after an hour? Or is it someone at the bank around the corner where I first opened my account when I was 14?
I've got a mortgage, they've got a fine UI for logging in and making a bonus payment, printing out amortization schedules, etc. etc. If they sold my debt to someone who would only talk to me via fax I'd be pissed off.
That’s the thing. You don’t own the debt, the bank does.
There's a lot of mechanics that go into paying my debt, is it automatic withdrawal? If so how do I change the account? Is it someone I can barely hear in a noisy call center I get to talk to after an hour? Or is it someone at the bank around the corner where I first opened my account when I was 14?
I don’t let any company have direct access to my bank account. I pay my mortgage and all of my other bills using bill pay from my bank. When the letter comes saying the mortgage has been changed, I log into my account at my bank and change the bill pay. A mortgage is one of the easiest transactions.
I don't have much sympathy for people who borrow money to then find some loophole to swindle their way out of their debt. They succeeded? Good for them! Proud to be dishonest. Let the other borrowers pay for you through higher margins.