I bought a grand piano in 1996, when the Baldwin Piano Company still ran its own financing department. I could call or write those ladies and say that I was skipping this month but would double my payment next month, and they were fine with it. With only a handful of payments in my booklet to go, the company folded and sold their outstanding loans to some corp. When a payment was a week late I got a repo notification (on an item 98% owned by me!).
I think the key word is people. Good human judgment has disappeared.
Your story rankles me! I agree that it is a cancer of our times.
2 comments:
I bought a grand piano in 1996, when the Baldwin Piano Company still ran its own financing department. I could call or write those ladies and say that I was skipping this month but would double my payment next month, and they were fine with it. With only a handful of payments in my booklet to go, the company folded and sold their outstanding loans to some corp. When a payment was a week late I got a repo notification (on an item 98% owned by me!).
I think the key word is people. Good human judgment has disappeared.
Your story rankles me! I agree that it is a cancer of our times.
maild my payment this morning.
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