Professional Debt Collecting Companies Are Paid Fees Appx 40 Times Their Collections For the US Govt
5-19-17, Bloomberg reports that the US federal government is annually dolling out an average of $1 billion to debt collectors to retrieve borrowers delinquent debt. According to joint research released Tuesday, 5-16-17 from the Consumer Financial Protections Bureau and government filings, the collecting agencies, on average, are paid nearly 40 times the value of what they collect. According to a 2015 estimate by the National Council of Higher Education Resources, a lobbying group that represents student debt collectors and servicers, close to 80 percent of borrowers who rehabilitate their debt make the minimum $5 monthly payment. That means the Education Dept is paying its debt collectors up to $1,710 per borrower to collect around $45, regardless of whether the borrower continues to make her payments.
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Isaiah 26:3; Philippines 4:6
7-8-21-21, Israel has only 8000 square miles of land - the Muslims have 5 million. Yet, they also want the Jews land. Of all the nations of the world, the Lord chose the descendants of Jacob [Jews], not Ishmael [Muslims], to be His covenant people - the descendants of Abraham and wife Sarah. (Genesis 17:19-21; Malachi 1:1–5).
✝️ 6-8-20, Jesus is God; He came to save sinners. “For He [Jesus] Whom God sent speaks the words of God: The Father loves the Son & has given all things into His hand. He that believs on the Son hath everlasting life & they that believes not the Son shall not see life; but the wrath of God abideth on them.” John 3:34-36
✝️ 6-7-20, The Lord □ Jesus spoke from the cross first of forgiveness, salvation then of His Mother's care into John's hands. He spoke of being forsaken & then triumph as His task as human was complete shedding His perfect blood for the forgiveness of sins to all who repent believing in Him. His body was thirsty. And last of His reunion with the Father. Matthew 27:46; Luke 23:34, 43, 46; John 19:26-28, 30; Mark 15:34
✝️ 5-7-20, Sins □ Jesus Harshly Condemns; He said, “God knows our hearts: for that which is highly esteemed among men is abomination in the sight of God. V9 For all those who exalt themselves will be humbled, and those who humble themselves will be exalted.” [Pride] Luke 16:15, 18:9-14; Hebrews 1:8-9
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