Re:Stop Payment: A homeowner’s revolt against the banks (2012)
by scarface74 on Tuesday August 21, 2018 @09:02PM
(#17815330)
I think I should have a lot of say over who owns my debt.
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.
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.