An Open Letter to Veda

Loan Denied
Loan Denied

At the beginning of November 2013 Veda advised that they had a record of my change of address. Since I have been at the same address for more than 10 years I informed them of their error. BTW, the bank who gave the incorrect information to Veda (Bank of Melbourne, a division of Westpac) point blank refused to advise Veda of their error.

After 2 months Veda have corrected the address on their file for me. When writing to thank them I was reminded of how much they and their clients SUCK and decided to share my vitriol.

Hello Customer Relations Team:

Thank you for your reply. It’s a pity that you don’t apply the same degree of urgency to requests from poor punters as you do to requests from your credit thug clients. I’m sure that Telstra et al would not be too happy if you took over two months to reply to their requests for updates.

Well, no point in pissing into the wind – you will not make any change to your thuggery just because a mug like me complains.

Anyway, I tried to copy some text from my file to be told that I needed a password to do this. I entered the password that you supplied to be told that it was not correct.

Then I tried to print the file. Same outcome.

So, you have set a password on MY file that I do not know. Just another example of your High & Mighty attitude.

Please advise the passwords that I need to use MY information how I choose to. Preferably sometime this side of May.

BTW I, like about 20% of the people that you hold to ransom, use a Mac computer and do not have access to, and would not use even if I did, a Windoze boat anchor.

Just for the record, as both Telstra and Baycorp know, but refuse to do anything about, the Overdue account of $916 is included in the $2,362 Overdue account as Telstra sold the same disputed account twice.

Furthermore, Telstra has informed me that they have no details about the origin of either of these amounts and can provide no evidence of the supposed liability. Any attempts to garner such information is met by a simple statement, “contact Sensis” who, when contacted, say “contact Telstra”

So, I will be making no applications for credit until these false, unsubstantiated and malicious entries are removed by the passage of time.

Equally, I have blocked the phone number of Baycorp (your client) who, for 2 years, have made threatening calls to me on a regular basis and decline my offer to have the matter heard by a court of competent jurisdiction.

I can only assume that they are indeed aware that they have no supporting evidence for the claim and are hoping that I will need a loan before the 5 years is up.

Well, I had no intention of wasting my valuable time on you or the thugs you serve. But now I have spent the time I will send copies to the puppet claiming to ensure you behave ethically, and Baycorp.

All the best,

Nigel Ball

If you have ever borrowed money, or been late with paying a telco or utilities bill you should consider getting a copy of your personal credit file.

According to the Veda website you have to pay them an exorbitant fee (blackmail) of $70 to get a copy of the information that they hand out to any Tom, Dick or Harry financial thug.

But, they also have another website which is not referred to on their official site. There they set the scene of how they deal with us. They will send you a copy of your file 10 days after receiving your request. BUT, if you pay them $60 they will send it to you tomorrow! Blackmail and thuggery is an integral part of their corporate culture!

Reserve Bank of Australia – Cover Up

Reserve Bank of Australia – Cover Up

Reserve Bank of Australia - Cover Up
Reserve Bank of Australia – Cover Up

I have been following this story in The Age and have shared thoughts on the subject before.

But having just watched the Four Corners program on iView I am simply stunned to wonder just what the power brokers have to do before they are called to account. Clearly, being caught out as bare faced liars (as is the case of the RBA’s Glenn Stevens and his cronies) is not enough.

I have also made mention of the fact that the current head of ASIC (Greg Medcraft) bailed as Global Head of Securitisation at Société Générale to return to Australia to join ASIC. He left the plum New York job just before the GFC struck!

The US Federal Housing Finance Agency has alleged in a lawsuit that Societe Generale’s securitisation business – which Mr Medcraft oversaw – was negligent, did shoddy due diligence and seriously misled two American loan providers, Fannie Mae and Freddie Mac
The Age – November 10, 2011

Medcraft continues to refuse to explain why ASIC has not even bothered to investigate claims of gross criminality by two independent whistleblowers against RBA directors and executives.

Anyway, next time ASIC throws its might and power at you threatening fines and worse if you don’t file their forms on time, seek comfort from the fact that the most powerful in the land can illegally throw millions at corrupt arms dealers and other criminals with impunity.

Executive iPad User News

Executive iPad User

Pretty cool … I’m now publishing a virtual newspaper using paper.li

It pulls together my Twitter activity as @ExecutiveiPad and relevant content from other authoritative sources. The content below will be updated every Friday!

You can view the publication full size and subscribe to receive weekly updates at http://paper.executiveipaduser.com


How Amazon Helped Me Create The Paperless Office

Order from Officeworks

Order from AmazonAbout two years ago I started to implement the paperless office. But it was buying on Amazon, not Australian Retail Business that provided the kick start.

Now, as I sit at my desk about to buy another scanner I am faced with a dilemma. I know what I am going to do to resolve this dilemma, but I feel a bit bad about the decision.

I have been using a Canon P-150 Portable Scanner to scan virtually all incoming paper documents.  The resultant PDF files are stored in Evernote. This combination actually made the possibility of the paperless office a reality.
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Is it unreasonable to expect telco gouging to be stopped?

Verizon gouging victimA colleague, knowing that I had recently fallen foul of yet another telco for thousands of dollars of “excess usage charges”, sent me “this link(Another Telco rort)”:http://j.mp/cXGqiP, presumably thinking it might make me feel better.

Instead, it prompted me to recall that this is the fourth time a telco (a different one each time) has gouged, or attempted to, gouge me.

I am unable to use the services of one large Australian Telco because, even though they do not attempt to collect it, they retain a record of a debt in their system. So, if I attempt to sign up for a new service, they accept my application subject to the payment of an eight year old $14,000 debt.

Another luckily collapsed under the weight of its rich and powerful promoters while suing me for thousands in excess usage.

Yet another continued to charge me $500 per month for services which were available from other vendors, and to their new customers, for about $90 per month. In this case I was an early adopter of a new service and ended up paying several thousand dollars more than the provider charged later signups for the same service. They hid behind their “contract” to insist on payment.
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Beware of bidpax.com

AcornWorkflow-2009.12.16 22.17.08A few weeks ago Facebook carried an advertising campaign for a business called BidPax, a so-called penny auction site. Briefly, you pay BidPax for bids to be placed on their auctions. Each bid costs about $.70. When an auction starts, bidders use their pre-purchased bids. Each bid placed increases the price of the item being sold by one cent and adds 10 seconds to the duration of the auction.

Obviously, anyone who wins such an auction appears to get the item at a huge discount — provided they are prepared to forget that each one cent bid cost $.72. However, even allowing for this, the history of auctions on BidPax suggests that the winning bidder is indeed saving huge sums when compared with the recommended retail price of the items won.

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