Threatening Letter from Cosmo

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Vattené
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Threatening Letter from Cosmo

Postby Vattené » Tue Mar 18, 2014 1:51 pm

My wife collects Coke points, mainly for free magazine subscriptions. She likes Cosmopolitan (I think she has gotten a few others, too); I have gotten GQ.

So, her Cosmo subscription ran out a while ago. I get that all magazines are desperate for subscribers, so of course we get something in the mail every month for a few months before it is over. I got the same from GQ. The other day we get a letter from Cosmo saying our payment is late (not the first), but also vaguely threatening - in the sense that the mafia is vaguely threatening. Maybe it was just me, but my mind jumped to the implication that they would try to impact our credit.

It was unbelievable. They seriously warned us that we would no longer have a relationship on good terms. With Cosmopolitan magazine! Oh heavens, how will I ever get a mortgage without a good relationship with Cosmo? Will I be able to have loving children or a successful marriage?

GQ handles things much better. I would get a ton of warnings ahead of time, but they boiled down to "Hey, being a GQ subscriber, you're such a stylish and smart person. You wouldn't want to go on without our magazine, right? Why don't we give you a big discount and you send us some money, since you're such a stylish, smart, in-the-know VIP?" Cosmo actually said we were late in our payments to them! It's a prepaid magazine subscription (that we never even used cash to pay for), not a default on a loan. I still can't believe the nerve.
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nismoZtuner
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Postby nismoZtuner » Tue Mar 18, 2014 2:20 pm

Vattené wrote:It was unbelievable. They seriously warned us that we would no longer have a relationship on good terms. With Cosmopolitan magazine! Oh heavens, how will I ever get a mortgage without a good relationship with Cosmo? Will I be able to have loving children or a successful marriage?


that made me laugh!
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Postby MemberSince99 » Tue Mar 18, 2014 7:01 pm

I think what they are trying to pull is called "extortion". It's a shame you can't realistically take legal action against them and hurt them where it counts - their executive bonus slush fund.

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Postby Z06Biker » Thu Mar 20, 2014 1:39 am

Drink a Cosmo instead while you rip their issues up.
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Postby Vattené » Thu Mar 20, 2014 1:58 am

MemberSince99 wrote:I think what they are trying to pull is called "extortion". It's a shame you can't realistically take legal action against them and hurt them where it counts - their executive bonus slush fund.
Z06Biker wrote:Drink a Cosmo instead while you rip their issues up.

+1

It's a damn good way to lose customers, to be sure.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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Postby MemberSince99 » Thu Mar 20, 2014 6:49 am

I would think it's also a way for them to get sued if they try to blackmail you with your credit and actually put something derogatory in there. I realize the US is all about enabling criminals to put whatever they want into your credit with damn near impunity even if it's totally bogus and get away with it in the name of "freedom" or whatever the frick, though if you post comments about your bad experience with them on your Facebook site somehow that same "freedom" doesn't apply, but that is WAY over the top. That would be such an abuse that even in our consumer unfriendly system, I'd think you would be able to take action against them with some hope of success.


But keep in mind, it's not likely they even COULD hurt your credit - they'd need your SSN and Date of Birth for that and it's highly unlikely they have that information in the first place.


I realize the corps truly fear the government doing anything to them for their crimes about as much as the mafia fears my granny, but the law does state that anything that is put into your credit MUST be accurate and that would be such a massive violation that I can't imagine them getting away with it.


Use the thing for toilet paper.

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Postby Vattené » Thu Mar 20, 2014 12:06 pm

I wish I would have kept the letter instead of feeding it directly to the shredder. My mind just jumped to them trying to hurt your credit, but what else could they possibly mean by maintaining a good relationship? Of course once a subscription runs out and you don't prepay for another one, all they can do is just stop sending you magazines, but I seriously suspect that they were banking on some customers not fully realizing that.

That was enough for my wife to stop getting them (they never got money from us, but they were getting paid something by Coke).
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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Postby MemberSince99 » Fri Mar 21, 2014 6:59 am

They could imply a lot of things. Actually doing something is another thing altogether.


It does show one hell of a lot of gall to think they are entitled to you subscribing to their rag. They obviously haven't heard no one owes you a living, you have to earn it (unless you're "too big to fail" of course, and I doubt they'd be in that category).


Let em crash and burn I doubt there will be bailout money (our tax dollars) waiting for them. Let Cosmo get the message that socialism is over for the moment.


Kind of off topic, but I know in my gut that the big banks will be back at the bailout trough in good time. It's only a matter of time really. And next time they will hurt us far more than the last time I'm sure. I wonder how many trillions it will be. I give it about 20 years from the last time it happened so by around 2029 is my best guess, give or take 5 or so years.

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Postby Vattené » Fri Mar 21, 2014 7:15 am

Entitled, that is the perfect word for it!

I am afraid I agree with you. If nothing about the system changes, their behavior won't change either*. They will keep getting rewarded obscenely for the most mediocre of successes (or no successes at all) and not have to pay for their failures. Nothing breeds riskier behavior, which is the last thing you want from a bank. If these institutions have become so vital to the financial system that they are too big to fail, well isn't that an obvious sign that they need to be broken up?

*Of course it also helps when you can buy a politician.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now



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