My friend has some major debt problems..i don't know what to suggest - GoFuckYourself.com

BlackCrayon · 04-23-2007, 05:38 PM

here is the situation, my friend is in bad debt. his heat is cut off because he didn't pay the bill, now its too high for him to pay what they want to deliver more oil to him. he owes a bunch of money on his credit card and they want 2700 just so they won't take him to court, beyond this he is also trying to pay his mortgage so he doesn't lose the house, he already refinanced once and blew the money. he basically lives paycheck to paycheck and has nearly no extra money after other bills and food and let things go to shit due to a drug problem but now hes off it and doesn't want to lose his house. i have no idea what to suggest, so i am wondering if anyone here has any ideas.

Swish · 04-23-2007, 05:41 PM

Fake his death and create a new identity

JamesK2 · 04-23-2007, 05:41 PM

Let him get another job? Or borrow him money if you trust him and want to help him out.

wdsguy · 04-23-2007, 05:46 PM

Suck dick for cash?

SteveLightspeed · 04-23-2007, 05:47 PM

http://www.consumercredit.com/

Mr.Right - Banned For Life · 04-23-2007, 05:47 PM

Quote:

Originally Posted by Swish

Fake his death and create a new identity

LiveDose · 04-23-2007, 05:48 PM

Sounds like he never learns... Sometimes a hard lesson is the only lesson.

k0nr4d · 04-23-2007, 05:49 PM

sell house, move to country with no extradition treaty

Elli · 04-23-2007, 05:50 PM

Selling the house might be the only option. It sounds like it's not an asset he can afford to keep right now.

But first he definitely should call a debt specialist. THere are tons out there.

Scroto · 04-23-2007, 05:57 PM

Been there before but only worse, lost the house and pretty much everything else and honestly, the only way to learn from being a dumbass is to hit rock bottom. People helped, but I would either mis-manage the money or blow it on dumb ass shit..

wait till they take his ass to court and start to garnish his checks and see how bad it is then..

sextoyking · 04-23-2007, 06:00 PM

If he really can't afford to make the payments on his unsecured debt, borrow, etc then he needs to look at chapter 7 / bk.

At least he can keep his house then.

Sly · 04-23-2007, 06:00 PM

Sounds like he may have to sell the house. If he blew his money already, helping him will only make matters worse.

Little tough love should teach him a valuable lesson. If it doesn't, he's in for a pretty rough life.

g$$$ · 04-23-2007, 06:02 PM

he should be able to do whatever it takes....desperate times call for desperate measures....

Redmanthatcould · 04-23-2007, 06:06 PM

Tell him he can call up each creditor (the bank connected to the CC) and try to make a deal with them. The CC company is losing money either way, but they'd be interested in making a deal if it means they will lose LESS. He'll need to plead his case over-the-phone, and hope something can be worked out.

Domains_Broker · 04-23-2007, 07:02 PM

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BlackCrayon · 04-23-2007, 07:58 PM

thanks for the suggestions everyone. i agree that sometimes you gotta lose it all and start all over but he really doesn't want to lose the house, its all he has left and probably wouldn't get much if he sold it since he owes so much on it anyways.

DjSap · 04-23-2007, 09:10 PM

From the sounds of it he will lose the house sooner or later anyway, by selling it himself he will avoid a lot of costs.

Then again it might be hard to sell a house with no heat.

limitedcat · 04-23-2007, 09:12 PM

Quote:

Originally Posted by BlackCrayon

here is the situation, my friend is in bad debt. his heat is cut off because he didn't pay the bill, now its too high for him to pay what they want to deliver more oil to him. he owes a bunch of money on his credit card and they want 2700 just so they won't take him to court, beyond this he is also trying to pay his mortgage so he doesn't lose the house, he already refinanced once and blew the money. he basically lives paycheck to paycheck and has nearly no extra money after other bills and food and let things go to shit due to a drug problem but now hes off it and doesn't want to lose his house. i have no idea what to suggest, so i am wondering if anyone here has any ideas.

the first thing he should do is join AA, I fucken gaurantee he's an alcholic, then it will be easier to kick the drugs. Then he should move home with his parents , rent his house and hope the houseing market keeps doing 10-15%. I won't matter though , he is probably in his 30's. If you are still a fuck up at 30, you are fucked for life :-)

04-23-2007, 05:38 PM	#1
BlackCrayon Too lazy to set a custom title Join Date: Jun 2003 Location: Ottawa Posts: 19,631	My friend has some major debt problems..i don't know what to suggest here is the situation, my friend is in bad debt. his heat is cut off because he didn't pay the bill, now its too high for him to pay what they want to deliver more oil to him. he owes a bunch of money on his credit card and they want 2700 just so they won't take him to court, beyond this he is also trying to pay his mortgage so he doesn't lose the house, he already refinanced once and blew the money. he basically lives paycheck to paycheck and has nearly no extra money after other bills and food and let things go to shit due to a drug problem but now hes off it and doesn't want to lose his house. i have no idea what to suggest, so i am wondering if anyone here has any ideas. __________________ you don't know you're wearing a leash if you sit by the peg all day..

04-23-2007, 05:41 PM	#2
Swish Confirmed User Join Date: Mar 2006 Location: San Diego, CA Posts: 1,421	Fake his death and create a new identity __________________ Naughty America - Director of Technology It's a CELEBRATION bitches!! For the hottest content promote Naughty America! swish at naughtyamerica dot com \| ICQ: 226 737 620 \| See Who I Am At AdultWhosWho.com!

04-23-2007, 05:41 PM	#3
JamesK2 Confirmed User Join Date: Aug 2004 Location: The Netherlands Posts: 6,589	Let him get another job? Or borrow him money if you trust him and want to help him out. __________________

04-23-2007, 05:47 PM	#5
SteveLightspeed Confirmed User Join Date: Jul 2001 Location: Lightspeedworld Posts: 7,940	http://www.consumercredit.com/ __________________ Abra-cadabra!

04-23-2007, 05:48 PM	#7
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Sounds like he never learns... Sometimes a hard lesson is the only lesson. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

04-23-2007, 05:46 PM	#4
wdsguy Ryde or Die Industry Role: Join Date: Dec 2002 Location: California-Shanghai Posts: 19,568	Suck dick for cash?

04-23-2007, 05:49 PM	#8
k0nr4d Confirmed User Industry Role: Join Date: Aug 2006 Location: Poland Posts: 9,229	sell house, move to country with no extradition treaty __________________ Mechanical Bunny Media Mechbunny Tube Script \| Mechbunny Webcam Aggregator Script \| Custom Web Development

04-23-2007, 05:50 PM	#9
Elli Reach for those stars! Industry Role: Join Date: Apr 2003 Location: Vancouver, BC Posts: 17,991	Selling the house might be the only option. It sounds like it's not an asset he can afford to keep right now. But first he definitely should call a debt specialist. THere are tons out there. __________________ email: [email protected]

04-23-2007, 05:57 PM	#10
Scroto Confirmed User Join Date: Nov 2005 Posts: 2,804	Been there before but only worse, lost the house and pretty much everything else and honestly, the only way to learn from being a dumbass is to hit rock bottom. People helped, but I would either mis-manage the money or blow it on dumb ass shit.. wait till they take his ass to court and start to garnish his checks and see how bad it is then..

04-23-2007, 06:00 PM	#11
sextoyking Confirmed User Industry Role: Join Date: Dec 2001 Location: Portland, OR. Posts: 6,034	If he really can't afford to make the payments on his unsecured debt, borrow, etc then he needs to look at chapter 7 / bk. At least he can keep his house then. __________________ ICQ: 52344098 -------------------------------------- 50% Commissions on all Product Sales. http://www.wishing.com/money

04-23-2007, 06:00 PM	#12
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,329	Sounds like he may have to sell the house. If he blew his money already, helping him will only make matters worse. Little tough love should teach him a valuable lesson. If it doesn't, he's in for a pretty rough life. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

04-23-2007, 06:02 PM	#13
g$$$ Confirmed User Join Date: Mar 2007 Posts: 2,807	he should be able to do whatever it takes....desperate times call for desperate measures....

04-23-2007, 06:06 PM	#14
Redmanthatcould Confirmed User Industry Role: Join Date: Dec 2006 Posts: 2,771	Tell him he can call up each creditor (the bank connected to the CC) and try to make a deal with them. The CC company is losing money either way, but they'd be interested in making a deal if it means they will lose LESS. He'll need to plead his case over-the-phone, and hope something can be worked out.

04-23-2007, 07:02 PM	#15
Domains_Broker Confirmed User Join Date: Dec 2005 Location: Detroit Posts: 164	P2P lending: www.prosper.com Check it out!! __________________ DomainsBroker at Gmail Premium Expired Domains

04-23-2007, 07:58 PM	#16
BlackCrayon Too lazy to set a custom title Join Date: Jun 2003 Location: Ottawa Posts: 19,631	thanks for the suggestions everyone. i agree that sometimes you gotta lose it all and start all over but he really doesn't want to lose the house, its all he has left and probably wouldn't get much if he sold it since he owes so much on it anyways. __________________ you don't know you're wearing a leash if you sit by the peg all day..

04-23-2007, 09:10 PM	#17
DjSap Confirmed User Join Date: Jul 2002 Posts: 3,869	From the sounds of it he will lose the house sooner or later anyway, by selling it himself he will avoid a lot of costs. Then again it might be hard to sell a house with no heat. __________________ Blog Themes, TGP Design, Writing Services, Grunt Work ICQ: 66871495