You actually answer your phone when it's not a number in your contacts list?Gil Dobie wrote: ↑Thu Apr 30, 2020 1:42 pmI just got a spam call about my power bill. The person said I had 45 minutes before they were going to shut-off my power if I didn't pay them. We don't owe anything, so I told them I was going to call the power company. They gave me another fake number. called the power company, and gave them the fake numbers and verified we didn't owe anything and the power was not going to get shut-off. The guy at the power company also mentioned that during the pandemic they are not shutting off anyone's power. There are a lot of companies and people working to help people get thru this, unlike the great depression. Won't be able to help everyone, but we can try.89Hen wrote: ↑Thu Apr 30, 2020 1:05 pm
Just some food for thought (ha)...
Folks who live paycheck to paycheck will miss payments. That can be devastating to credit reports for MANY years. That will drive up their revolving costs, future car loans, could block them from getting a mortgage, etc...
As for restaurants, it recently hit me that although some are doing good carry out business, most of them are missing out on their #1 revenue... beverages. I think it's common knowledge that beverages, especially alcohol are the biggest profit margin for restaurants. My guess is we will see far more restaurants out of business.
This could be anecdotal, but my last two months credit card bills have been less than 50% of my norm (not exaggerating). Keep in mind that I charge everything I can on the card for miles and pay each month. Gas certainly has something to do with it since I have four drivers who charge their gas to me. But the large bulk of it is restaurants. I'd say we used to eat out at least 2 times a week and as many as 4. Now... we've done pizza twice and that's about it.
This WILL be the great depression for many folks IMO.
Fuck.
That.