First, let me say that anything anyone is willing to do to help those effects by the hurricane, is commendable. Given the situation that many living in the effected areas are dealing with, it was nice for our two big car manufactures to step up and make this offer:
"CAR LOANS GM, Ford offering loan relief from storm
DETROIT — General Motors Corp. and Ford Motor Co., said Tuesday they are allowing customers affected by Hurricane Katrina to defer their car loan payments. GMAC spokeswoman Joanne Krell said customers should contact local GMAC offices for an extension of up to 90 days. The company also will waive late charges for those affected by the hurricane. Ford’s program is open to customers living in counties that have been declared disaster areas by the Federal Emergency Management Agency. Eligible Ford customers should receive a letter within a week and must register within 60 days to qualify. Customers also may contact the companies if they believe they’re eligible but haven’t been notified. "
The only problem I see with this great act of kindness... is that they (FORD DUMBDUMBS) actually say customers should receive a letter within a week. HU HUH. And exactly how are the thousands of people now living out side, in shelters, or miles and miles away suppose to receive this letter? I know we all tend to take the US Post Office for granted- but I can safely assume there's not a postman wading through the chest high waters delivering mail to flooded or washed away not even there , mail boxes. Better yet GM tells it customers to contact local offices... which would no doubt also be closed at best, destroyed at worst. On top of those simple little details... 90 days? I would say that as they have questioned how many months it will take to restore power to thousands, added to the time it will take to rebuild the many destroyed places of employment, and to actually start life all over again from scratch- that ninety days seems a little short. Just how many cars are currently sitting under a flood of water rooftop high? It's going to take months upon months for many of the effected areas to even start looking like towns again. I am thinking that these two companies- while being nice enough to offer to defer loans... should be worried less about getting their money and more about picking up a phone and offering strong support in the form of money. Let's worry about bills being due until after the people are rescued, and after they have been able to get past the shock of experiencing this.
"CAR LOANS GM, Ford offering loan relief from storm
DETROIT — General Motors Corp. and Ford Motor Co., said Tuesday they are allowing customers affected by Hurricane Katrina to defer their car loan payments. GMAC spokeswoman Joanne Krell said customers should contact local GMAC offices for an extension of up to 90 days. The company also will waive late charges for those affected by the hurricane. Ford’s program is open to customers living in counties that have been declared disaster areas by the Federal Emergency Management Agency. Eligible Ford customers should receive a letter within a week and must register within 60 days to qualify. Customers also may contact the companies if they believe they’re eligible but haven’t been notified. "
The only problem I see with this great act of kindness... is that they (FORD DUMBDUMBS) actually say customers should receive a letter within a week. HU HUH. And exactly how are the thousands of people now living out side, in shelters, or miles and miles away suppose to receive this letter? I know we all tend to take the US Post Office for granted- but I can safely assume there's not a postman wading through the chest high waters delivering mail to flooded or washed away not even there , mail boxes. Better yet GM tells it customers to contact local offices... which would no doubt also be closed at best, destroyed at worst. On top of those simple little details... 90 days? I would say that as they have questioned how many months it will take to restore power to thousands, added to the time it will take to rebuild the many destroyed places of employment, and to actually start life all over again from scratch- that ninety days seems a little short. Just how many cars are currently sitting under a flood of water rooftop high? It's going to take months upon months for many of the effected areas to even start looking like towns again. I am thinking that these two companies- while being nice enough to offer to defer loans... should be worried less about getting their money and more about picking up a phone and offering strong support in the form of money. Let's worry about bills being due until after the people are rescued, and after they have been able to get past the shock of experiencing this.
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