By: Martin Brown

Martin Brown — Sat, 11 Sep 2010 16:34:44 +0000

As a contractor I recieve payment after a job is completed to the satisfactory of the builder. I sent an invoice to the the builder for the work completed.I was told of the date my payment would be ready and called to arrange to pick it up. i spoke to the business owner and he said that his secretary was on holiday for three weeks and she had forgot to make up my cheque. I called all my crediters to notify them and that I would be late with my payments. I called my insurance Co.to relay to them that the automatic debit might not clear and I would send two months payment just in case. I sent off two payments in the form of personal cheques and assumed everything would Ok…Five weeks later I received by mail the return of my payments with a letter stating they refused payment because I had agreed to the automatic debit. An attempt to debit my account for 70.16 cleared one payment and the other did’nt clear . The month that this NSF took place my account was still active with over $4000.00 in deposits during this time. The fact that a debit of $70.16 occured between deposits is unusual so I was charged 45.00 for the misshap and received a letter stating my Insurance was cancelled for non payment, I had tried to get insurance from an other ins co and they refused me due to the fact that the last insurance co cancelled my policy for non payment yet they refused payment. When a company refuses payment and then states that you did’nt pay and incriminates you where does “legal” tender come into this senario? I thought that in the corp world it was illegal to refuse payments that would result in putting a person in harms way! The law of cause and affect so in affect their actions in refusing the payments caused me great harm. Not being able to aquire Auto Ins has cost me my source of income my home , my retirement and 13yrs of hard work. so you tell me how this could happen all for $70.16 cents…

Comments on: Consent, Coercion & Legal Tender: Understanding Money & Banking, Part 6

By: Martin Brown