Mother and daughter co-owned the property they both lived on. They got an equity line of credit on it. Mom developed a gambling problem, and maxed out the credit line, about 12 grand, IIRC. Daughter decided to pay off and close the credit line, to cut Mom off at the pockets. She called the bank for a payoff figure, and said she wanted to close the line. They gave her a figure, she paid, and figured "that was that."
A few months later, bank calls and said why aren't you making minimum payments on the credit line? Turns out the payoff they had quoted was $51 short of paying off the line, so instead of calling and asking for more money, they just left the line open. Mom found out, of course, and promptly maxed it out again.
Daughter ended up suing the bank, bank ended up just cancelling the debt. They didn't want their incompetence to be laid bare in open court.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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