4.6 • 682 Ratings
🗓️ 27 July 2024
⏱️ 8 minutes
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0:00.0 | Brought to you by the Every Dollar app. |
0:04.3 | Start budgeting for free today. |
0:06.5 | I owned my own insurance practice and financial practice a couple of years ago. |
0:12.4 | And basically, it was costing me more money than what I was making. |
0:16.5 | And I pumped all my savings and I even cleared out some broths to keep it afloat. |
0:21.6 | Well, I eventually got out of that and didn't realize the negative ledger that I had, |
0:27.8 | the negative account that I had would go into collections. |
0:31.3 | Well, I started paying and then they started calling me on a biweekly basis and then it became, |
0:36.0 | you know, six, seven times a week. |
0:38.6 | And I was making consistent payments of 30 to 50 bucks a month. |
0:42.7 | But they've stopped calling me, and I just want to, you know, I don't want to just think |
0:49.2 | this thing has gone away and that, you know, should I be worried about them drawing up a lawsuit against me? |
0:56.1 | What is the debt for? |
0:59.0 | So I actually, I actually did the exact opposite of what you believe in regarding. I sold |
1:05.0 | whole life insurance, variable whole life and annuities. And, um, you know, so this is commissioned chargebacks. |
1:13.5 | Yeah, yeah, exactly. |
1:14.8 | When you get paid at this, when you get paid, you're not really getting. |
1:17.4 | I know. |
1:17.8 | I know. |
1:18.0 | And so these are commission chargebacks. |
1:19.9 | So the company that you used to sell insurance for is going to sue you. |
1:24.6 | No, so not yet. |
... |
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