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A Debt Collector’s Burden of Proof

Debt collectors: making a mockery of the justice system since whenever. [via Consumer Law & Policy Blog]

Crowdsourced New Car Buying Advice

Buying a new car isn’t my idea of a smart financial decision, but if you insist, there are a few things you should be sure to ask before you sign anything. Jalopnik asked its readers for suggestions, and picked the top ten. Here are the first five:

  1. How much is the car after fees and licensing?
  2. What’s the warranty coverage? Are there any perks like free maintenance?
  3. Has the car been damaged?
  4. Can I have a test drive?
  5. Is that [price] the best you can do?

Read Ten Important Questions To Ask When Buying A New Car at Jalopnik for the full list.

(photo: http://www.flickr.com/photos/27889738@N07/6959019615/)

Why the Hell Are People Posting Pictures of Debit Cards on Twitter?

Twitter account @NeedADebitCard collects pictures of debit and credit cards that people post to Twitter. Seriously? I’m guessing these people aren’t on top of their Facebook privacy settings, either, which makes them sitting ducks for identity thieves.

People, don’t be stupid. If you have to take pictures of your debit and credit cards, put them in the same place you keep your sex tapes.

[via BoingBoing]

Posters for the Economic Recession

NPR’s Planet Money put together a series of minimalist economic posters. Here’s one, but you should check out the rest.

Chicago Debt Collector Accretive Health Sued for Violating Patient Privacy Laws

What if the U.S. Debt Were Your Household Debt?

(Hat tip to Graham Martin.)

What the 1% Do

Another great infographic from the New York Times showing what the 1% do for a living. (Click to visit the interactive infographic.)

Don’t Let the Government Ruin the Internets

Congress wants to create a totalitarian internet with SOPA and PROTECT IP, two bills wending their way through the House and Senate. These bills are even dumber than Senator Klobuchar’s attempt to turn kids into criminals for uploading videos of themselves singing along with their favorite artists.

But hey, it’s Congress. And senators and representatives are proud Luddites who laugh in the face of “experts” who say these bills will break the internet! Hey, you probably wouldn’t understand the internet, either, if you had to read email like this.

If these bills go through, the internet will look more like cable TV: hundreds of channels, and nothing you want to watch.

(Thanks, BoingBoing!)

Citibank “Reaches Out” to Struggling Homeowners

When a bank tries to “reach out” to anyone, it is usually trying to accomplish one of two things: (1) selling more loans, or (2) trying to make itself look good. With its new HomeownerSupport.com, Citibank is apparently trying to do both. It’s kind of like a burglar putting up a Facebook page for his victims to “connect” with one another, talk about what wasn’t stolen, and share their upcoming vacation plans.

Customer service Twitter star Frank Eliason has his work cut out for him on this one.

Edit: I should point out that in yesterday’s post, I noted that federal district court Judge Jed Rakoff called Citigroup a “frequent offender” of securities laws.