In another sign that largest American automaker has come back from its 2009 bankruptcy, for the first time since 2005, a credit rating firm has judged General Motors’ corporate debt to be investment-grade. On Tuesday, Moody’s Investors Service raised GM’s rating to Baa3 from Ba1. Baa3 is Moody’s lowest rating that it considers worthy of investment.
A question I’d love to see posed to the Best and Brightest: What to do when you’re sent tickets for a car you’re not liable for?
I just got two tickets this morning, for parking infractions that occurred 9.5 years ago, under a previous owner of a car that I bought 9 years ago. I’m not going to pay them just to quell the payment demands, since I consider this extortion.
So, is it better for me to simply never acknowledge receipt of the tickets, since they’re not my liability? Or will that put a black mark on my credit rating? I’m concerned that trying to rationally explain things to the parking enforcement company will only get me stuck deeper in the problem – they don’t care about the truth, they just want to get paid.
This has happened to my parents twice before, so I think it’s a common problem – but I don’t know what the best thing to do is, and I’d love to see how the Best and Brightest have dealt with it.
Sajeev answers: (Read More…)