A Letter To My Creditors - (feel free to copy and send to yours)

Dear Creditors:

This is to inform you that as of July 1, 2011, I will be temporarily suspending all payments on my current obligations.

Unfortunately this has become necessary because, based on my current contracts, agreements and other necessary spending, I will run out of cash by August 1. While in the past, I have gone to financial institutions or – if necessary – friends and/or family to secure loans in order to stay current, ‘greater minds than mine’ have informed me that these actions have been irresponsible. Even though I have already assumed these obligations, I am advised that I should suspend paying all of my bills until such time as I have formulated a plan that will reduce my level of future spending to the point that outside financing will not be necessary.

This may take a while, as the vast majority of my expenses are for necessities; rent, food, clothing, transportation, health insurance, assault weapons, ammunition, etc. Then, of course, there’s things like phone and internet. While some I have asked feel these are unnecessary luxuries, others tell me they are essential. While I think getting rid of them entirely might actually do more harm than good, as it would greatly hamper any efforts to secure full-time employment, I’ll need to figure out a way to cut these costs.

As for luxuries such as ‘going out once in a while’, I’ve discontinued that – but as I had already cut back significantly, the present savings are minimal.

I had thought about asking my employers to pay more for my services in order to increase my revenue to a level where I might -- along with cutting back on non-essentials such as meat and fresh fruits and vegetables – be able to make ends meet. But again, I have been advised that revenue is not my problem – spending is.

So, since it would be irresponsible of me to pay current obligations and necessary expenses until I have a fiscally responsible plan to avoid future debt in place, as stated above, I will suspend all payments effective July 1, 2011. I am unable to tell you at present when the new plan will be in place, but remain confident it won’t be long, as by August I imagine I’ll be getting pretty hungry.

In the event you don’t hear from me by August 10th, just assume its my way of telling you to GO FUCK YOURSELVES you greedy blood sucking whores.

I remain confident that this necessary action will in no way impact our future business relationships, particularly in areas such as the fees and interest charged on my accounts.

Sincerely,

Fed Up American


cc. The United States House of Representatives
      The United States Senate
      The White House
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