General Motors Acceptance Corporation, which is an arm of General Motors, is playing games with their customers. Persons who are paying mortgage payments to GMAC Mortgage are in limbo.
The company has been sold to Midland Mortgage Company. A letter was sent out that explained the situation. The people have been told to make their payments payable to Midland Mortgage Company . The letter stated the address would be enclosed when it was not.
There was a phone number for Midland, but the recording said not to call and do not send them mail because it will take two weeks to get all information on new customers. They said they do not take checks or credit cards. What are the customers to do ? By the time the customers know where to send their payments, there will be a late fee to pay.
Showing posts with label BAILOUT. Show all posts
Showing posts with label BAILOUT. Show all posts
Monday, November 24, 2008
Wednesday, September 24, 2008
THE AVERAGE AMERICAN'S TAKE ON THE BAILOUT !!
The people I have talked to have no pity for Wall Street. They had no compassion for the little guy. I think about the guys that took their own lives after losing everything because of day trading.
The employees of Enron got no support when the company went bust. The government did not step in to help the workers. The CEO's walked away with a lot of money.
These big corporations will not budge if a person wants to negotiate
their loans.They will not meet them half way.
The employees of Enron got no support when the company went bust. The government did not step in to help the workers. The CEO's walked away with a lot of money.
These big corporations will not budge if a person wants to negotiate
their loans.They will not meet them half way.
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