Posts Tagged ‘ rules for incurring debt ’

WHEN MAKING DEALS: CONSIDER ALL OPTIONS

Jun 15th, 2012 | By Dr Jerry D Elrod | Category: Senior Moments Blog

Vulnerability, especially economic, is one of the Achilles Heels of the retired person. Because it is so easy to be drawn in, seniors should be especially cautious when it comes to financial offers, particularly unsolicited ones, that promise much and deliver little. Telephone and mail solicitations which come by way of robo calls or mass mailings should be especially suspect. No door to door solicitation should be given the time of day.

We received a phone call the other day about leasing mineral rights on our property. I did not indicate interest, but, sure enough, there came in the mail a full fledged offer, legal documents to be signed, and a check for the offered amount ready to be deposited. I did not take the bait. I did call the agent and made inquiry about some of