I'm starting to detest lenders who....

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MemberSince99
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I'm starting to detest lenders who....

Postby MemberSince99 » Sat Jun 20, 2015 4:07 pm

Constantly send you mails with the envelope saying "IMPORTANT - OPEN IMMEDIATELY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!" (or you'll be tortured as a terrorist is left off but kinda implied here....)

If you are stupid enough to actually open it, it's some sales pitch for insurance that you probably don't need or want. Seriously we are already insured for health, life, home, auto, ad&d, this that and the other thing, no we do NOT need insurance in case we stub our little toe in the dark as an extra policy. As a single guy with no dependents, I already have life insurance through my job - I don't need another 500k worth I have no one to get whatever there is now when I croak.

I find this kind of thing despicable. I realize it's important to THEM - that's a nice little gravy train of profit they get for suckers who want to waste money on being over-insured. Maybe there's 2% of us out there who could actually use it too. However what bothers me about it is it is NOT in any way important like they try to make it out to be.

I'm just going to start throwing away anything that says "IMPORTANT" on it because it NEVER turns out to be important. If the lender is suing me, I'll find out soon enough and it won't be something that says "IMPORTANT" on it anyway. Am I alone in finding this nonsense irritating?


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obxfisherman
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Re: I'm starting to detest lenders who....

Postby obxfisherman » Sat Jun 20, 2015 5:56 pm

I find all pre approval offers, any important insurance offerings or anything in between from any Credit Card Lender/Bank annoying and a waste of trees. Luckily I have been able to put a stop to it for the most part. Every time I open a card I get that privacy notice that you can opt out of by calling generally...I normally do that, and that stops most of it. Also a few years ago I had some early signs of identity theft so I put an alert on my credit report which automatically opted me out of pre approvals and such and I had an option that elected to make the opt out permanent so that stops pre approvals.

I do agree they are annoying, and so I did everything in my power to stop it...seemed to work out fairly well so far....Junk Mail isn't my friend lol
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CarefulBuilder14
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Re: I'm starting to detest lenders who....

Postby CarefulBuilder14 » Sat Jun 20, 2015 6:10 pm

I've opted out again. The only mailings I'd been getting lately have been for insurance (mostly State Farm), a few BofA Cash Rewards ads, and many QuickSilver ones.
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Re: I'm starting to detest lenders who....

Postby whit » Sat Jun 20, 2015 6:33 pm

I pretty much opted out too but nowadays it's scary what type of info is floating out there; I don't have a LinkedIn despite numerous emails from friends and customers even, and still..

Every now and than I get a sneaky letter in the mail. Handwritten not printed to look handwritten (anyone falls for that??) and it's still clearly a junk, mass mailer to join xyz, based on my abc credentials.

Before opting out of the mailers I used to write RTS and dump them in the mailbox ;)

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Re: I'm starting to detest lenders who....

Postby MemberSince99 » Sun Jun 21, 2015 7:03 am

I actually don't mind pre-approval letters. None of those say "IMPORTANT - OPEN NOW OR WE'LL SUE YOU FOR EVERYTHING YOU GOT AND DESTROY YOUR LIFE AND OWN YOUR SOUL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

I'm talking about the sort of a-holes who try to leverage a business relationship with you to send you worthless marketing material, making it appear as if there will be consequences to you by ignoring this BS. I find that slimy and sleazy. I realize that marketing isn't the part of any organization with any real morals or integrity but this is kind of out there even for them.

In regards to this specific lender, it bothered me so much that I tried to get into their website to contact them about it. Can't remember what my logic was to save my life, and their site is so horrible (it's a local CU) that all my attempts to get it to send me an email with that information outright fail due to some error or another. Their site is so bad that in the past when I could get into it, every attempt I made to go paperless also failed with an error. With the experiences I've had with this particular CU I would NEVER do any business with them again.

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Re: I'm starting to detest lenders who....

Postby Vermonster » Sun Jun 21, 2015 9:51 am

My wife got one about federal loans and it was along the lines of "Pay us or we'll garnish your wages" It was in that official looking "envelope" that you have to tear the sides, then the top off. Everything looked official until you flipped over and lifted the back flap. Just along the edge of the glue it had fine print saying that this was a for profit company not affiliated with the government, and that they had no power to garnish wages or collect debt.

It's sad to think of how many people fall for this stuff. Even if it is 1% of letters they send out it has to be enough money to make it worth it. On the other hand my dad screwed over an aftermarket warranty company with a $500 warranty on a truck that needed a new transfer case and transmission. They stopped sending him letters after that.
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flan
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Re: I'm starting to detest lenders who....

Postby flan » Sun Jun 21, 2015 1:42 pm

MemberSince99 wrote:I actually don't mind pre-approval letters. None of those say "IMPORTANT - OPEN NOW OR WE'LL SUE YOU FOR EVERYTHING YOU GOT AND DESTROY YOUR LIFE AND OWN YOUR SOUL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"


Big clue it's not important: it's not first class mail. Account statements and other business correspondence cannot be mailed first class, so anything standard mail (bulk rate is old name), is clearly not important.

MemberSince99
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Re: I'm starting to detest lenders who....

Postby MemberSince99 » Sun Jun 21, 2015 3:21 pm

Vermonster wrote:My wife got one about federal loans and it was along the lines of "Pay us or we'll garnish your wages" It was in that official looking "envelope" that you have to tear the sides, then the top off. Everything looked official until you flipped over and lifted the back flap. Just along the edge of the glue it had fine print saying that this was a for profit company not affiliated with the government, and that they had no power to garnish wages or collect debt.

It's sad to think of how many people fall for this stuff. Even if it is 1% of letters they send out it has to be enough money to make it worth it. On the other hand my dad screwed over an aftermarket warranty company with a $500 warranty on a truck that needed a new transfer case and transmission. They stopped sending him letters after that.



That is douche-baggery (the company that made it look like they could garnish her wages). The thing is, if they could garnish her wages they simply WOULD, and they wouldn't bother sending her a letter about it. The courts would do that.

When you buy a home, expect every douchebag who can find out that you now own (likely from looking at your credit report, public records, etc) to start sending you letters that look like they come from your bank, demanding your personal information (which your bank already has, trust me, by that time they probably know more about you than you do). If you read the fine print closely enough, you'll see it's a bunch of douches who want to sell you insurance policies that you likely simply do not have a use for (and you certainly do not need to purchase by law, which they also try to imply in weasel words). The douches who do this (and there will be multiple douchebags) will repeatedly send this crap to you, mostly heavily during the first 6 months after you've bought (often twice a week in the beginning). After that it tapers off since they realize if you aren't dumb enough to fall for their scam by then, you probably never will, so after that you might hear from Douchebags-R-US every couple of months.

takeshi
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Re: I'm starting to detest lenders who....

Postby takeshi » Tue Jun 23, 2015 9:08 am

It's not just creditors by a long shot. Important mail rarely, if ever, has "IMPORTANT" on the envelope in my experience.

MemberSince99
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Re: I'm starting to detest lenders who....

Postby MemberSince99 » Tue Jun 23, 2015 7:36 pm

takeshi wrote:It's not just creditors by a long shot. Important mail rarely, if ever, has "IMPORTANT" on the envelope in my experience.


Agreed. The more they try to highlight "IMPORTANT", the less important it really is.



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