How many of your are in $10,000+ credit card debt? - GoFuckYourself.com

mx8829 · 11-04-2008, 06:13 PM

How many of are you in $10,000+ credit card debt and only paying monthly minimum ?

working on something want to know if there will be enough interest .. cast your yes no vote on this thread.

L-Pink · 11-04-2008, 06:17 PM

Nope. I have two debit cards with high daily limits. Works great for me.

DefaultMan · 11-04-2008, 06:20 PM

Not me. My shit's under control.

Sosa · 11-04-2008, 06:26 PM

jebus, no fucking way. There has been one time in my life where I didn't pay of a card that during that months statement. That one time it was paid off the next time. Fuck those high rates.

Sly · 11-04-2008, 06:28 PM

People don't really like to admit they are bad with money.

Why don't you share your idea and then everyone can tell you if they think it would help out their "friends". :-)

L-Pink · 11-04-2008, 06:29 PM

Quote:

Originally Posted by Sly

People don't really like to admit they are bad with money.

Why don't you share your idea and then everyone can tell you if they think it would help out their "friends". :-)

good advise

x-rate · 11-04-2008, 08:21 PM

I only use my credit card to get points... I pay it off every month and often before I get the bill.

qxm · 11-04-2008, 08:22 PM

no problem here ... only owe ~800 to collection agencies

</lol>

Corleone · 11-04-2008, 08:24 PM

no debts at all

AlienQ - BANNED FOR LIFE · 11-04-2008, 08:26 PM

Zero Debt here. 1 Credit card at 9% with 34.00 bill due.

11-04-2008, 08:35 PM

Debt free here. Had to pay off about $22k counting student loans, etc.... Did a 6 month budget and knocked it out.

Now if I could only get my house to have some equity again...

papill0n · 11-04-2008, 08:39 PM

I have just the one card with no monies owing :D

Zuzana Designs · 11-04-2008, 08:41 PM

nope, none at all ..

Barefootsies · 11-04-2008, 08:41 PM

Quote:

Originally Posted by x-rate

I only use my credit card to get points... I pay it off every month and often before I get the bill.

Same here.

StuartD · 11-04-2008, 08:45 PM

Some credit place called the other day with consolidation this and reconciling that.. and I cut him off and said "Other than my mortgage, I already am debt free." and he was totally speechless.

Kinda got me to thinking, he had probably never run into someone who didn't have a ton to pay in CC's and loans. It's that rare that they can pretty much write their schtick with confidence that it will simply apply to everyone.

It's a sad state of affairs.

96ukssob · 11-04-2008, 10:53 PM

I have a few credit cards, but the one with the highest balance has 0% for a few more months. Even before it hits that mark, it will be well paid off. Most of my debt is business startup costs and moving, not personal shopping sprees. id much rather be paying at 0% to a credit card company and having my money make a return (about 3% per month), then pay it off now.

i get a lot of offers to switch cards thru the bank, but the fine print reads i will loose the 0%

nice try bank, i dont want your bonus points and free plane tickets i will never be able to use.

I know there are a LOT more people going into credit card debt now, probably more than before. most people have the thinking "things will get better and ill get a better job" but stuggle to make the minimum payment each month

woj · 11-04-2008, 10:56 PM

Let me guess, you want lend people $$ at 15% for people to pay off their cc debt?

Barefootsies · 11-04-2008, 11:02 PM

Quote:

Originally Posted by woj

Let me guess, you want lend people $$ at 15% for people to pay off their cc debt?

clickyclick · 11-04-2008, 11:05 PM

If u are in big debt go to http://suzeorman.com/ or watch her on MSNBC, she explains thing very nicely. Did u know u can have your cc collection agency reduce your debt? So it is possible you can just pay them say 2K and they'll write off your 10K debt. See the link I gave you if u are in debt.

A friend of mine wrote off 37K debt for just 13K. He's buying me lunch everyday now for helping him

Zorgman · 11-04-2008, 11:06 PM

I was in some serious debt when my ex-business partner got busted, but it's all cleared up now and im a free man.

11-04-2008, 11:06 PM

No. I have always been careful with credit cards and credit in general.

96ukssob · 11-04-2008, 11:09 PM

Quote:

Originally Posted by clickyclick

If u are in big debt go to http://suzeorman.com/ or watch her on MSNBC, she explains thing very nicely. Did u know u can have your cc collection agency reduce your debt? So it is possible you can just pay them say 2K and they'll write off your 10K debt. See the link I gave you if u are in debt.

A friend of mine wrote off 37K debt for just 13K. He's buying me lunch everyday now for helping him

WOW! no wonder why this country is in such shit. why cant people pay their bills?

im sure its nicely noted on his credit history of the charge off, plus good luck ever getting a credit card with that bank again.

96ukssob · 11-04-2008, 11:11 PM

Quote:

Originally Posted by Zorgman

I was in some serious debt when my ex-business partner got busted, but it's all cleared up now and im a free man.

thats what im pretty much paying for right now. ive learned never to trust anyone with starting a business or lending money; regardless of friend or not.

clickyclick · 11-04-2008, 11:15 PM

Quote:

Originally Posted by bossku69

WOW! no wonder why this country is in such shit. why cant people pay their bills?

im sure its nicely noted on his credit history of the charge off, plus good luck ever getting a credit card with that bank again.

No man it doesn't show charge off in cc history. You probably need to read what's on the site too. You paid the cc company with a moneyorder as Suze say not to give your bank check. On that money order write something like "paid in full - all charge clear if this money order is cashed".

It won't work for everyone, it depends on your situation and how bad in debt you are in. If they think u will most likely file for bankrupt for example, they'll most likely take the money, because once you file for bankrupt it very very hard for them to come after you.

Rochard · 11-04-2008, 11:25 PM

I haven't had a credit card since 1998 or so. Fuck that shit.

I have a line of credit with Dell, but that's mostly for buying computers.

96ukssob · 11-04-2008, 11:28 PM

Quote:

Originally Posted by clickyclick

No man it doesn't show charge off in cc history. You probably need to read what's on the site too. You paid the cc company with a moneyorder as Suze say not to give your bank check. On that money order write something like "paid in full - all charge clear if this money order is cashed".

Yeah, but the debt would need to go into collections; hence it would have to go into a delinquent status with the original creditor first... thus reporting at 90+ days past due, if not "charge off" on your credit history. it would probably say "Paid" but you are still looking at a charge off/derogatory trade line - not worth it!

Collection agencies, for the most part, are easy to get rid of, but getting the original creditor to be gone is difficult for most (if CC is < 3 years old).

With the note on the money order, that is not legal. You can not denote a contract on a cashiers check or money order like that, it would never hold up in court. it would be the same as me writing "you have to wash my car for 5 years" on a $5 bill that you cash in at WalMart.

Im not saying you are 100% wrong, and yes there are ways around things. I got into the legality of credit debt and collections a few years ago with a friend, but chose to take a different path since that is one tough and stressful market.

Here is an easier plan, and you can walk away paying $0 for $100k in debt! just stop paying everything and walk away. change your phone number(s) and move and do not forward your address. do not apply for credit cards or a new job, cell phone or insurance for 7 years... 7 years later, you are 100% debt free and perfect credit

Antonio · 11-05-2008, 01:48 AM

no debt here either

Zorgman · 11-05-2008, 01:54 AM

Quote:

Originally Posted by bossku69

thats what im pretty much paying for right now. ive learned never to trust anyone with starting a business or lending money; regardless of friend or not.

Yeah, Start everything yourself. If you need to have a partner, never have a bank account unless both partners have to sign to withdraw money. - My big mistake!

mrwilson · 11-05-2008, 01:58 AM

hell no!
Who in their right mind would get that much in debt?
I think the most i was ever in debt was about 1k when i was a student but i made it priority to pay that shit off.

StuartD · 11-05-2008, 02:16 AM

Quote:

Originally Posted by mrwilson

hell no!
Who in their right mind would get that much in debt?

Uhm.... most people?
I know everyone on GFY is perfect but the sad reality is that most people have a lot of debt.

After Shock Media · 11-05-2008, 02:28 AM

Quote:

Originally Posted by bossku69

With the note on the money order, that is not legal. You can not denote a contract on a cashiers check or money order like that, it would never hold up in court. it would be the same as me writing "you have to wash my car for 5 years" on a $5 bill that you cash in at WalMart.

Here is an easier plan, and you can walk away paying $0 for $100k in debt! just stop paying everything and walk away. change your phone number(s) and move and do not forward your address. do not apply for credit cards or a new job, cell phone or insurance for 7 years... 7 years later, you are 100% debt free and perfect credit

Accord in satisfaction - may want to look it up. Yes you can add a note to a check, money order, etc. and have it be legal if you do it right. They or anyone else can also just write paid under protest near where they sign it to void it. It also is held up in court all of the time.

As to your 7 year plan you would not come out with perfect credit. You would just have no derogatory credit in past 7 years, also no positive credit and forget about a credit history. That can and often is as bad as having a negative credit rating.

VicD · 11-05-2008, 03:08 AM

I have 2 creditcards, i always pay them on time, don't feel like paying almost 18% interest..

11-04-2008, 06:13 PM	#1
mx8829 Confirmed User Join Date: Jan 2005 Location: San Francisco, CA Posts: 891	How many of your are in $10,000+ credit card debt? How many of are you in $10,000+ credit card debt and only paying monthly minimum ? working on something want to know if there will be enough interest .. cast your yes no vote on this thread. __________________ contact jambojack at gmail

11-04-2008, 06:20 PM	#3
DefaultMan Confirmed User Industry Role: Join Date: Nov 2006 Location: Hell.A. Posts: 1,869	Not me. My shit's under control. __________________ mypornolife [at] gmail [dot] com

11-04-2008, 06:28 PM	#5
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,349	People don't really like to admit they are bad with money. Why don't you share your idea and then everyone can tell you if they think it would help out their "friends". :-) __________________ 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.

11-04-2008, 08:21 PM	#7
x-rate Confirmed User Industry Role: Join Date: Jun 2008 Location: Montreal Posts: 725	I only use my credit card to get points... I pay it off every month and often before I get the bill. __________________ Have quality traffic? Make money with Crakrevenue Email: misterxmtl @ hotmail.com Skype: misterxmtl

11-04-2008, 08:22 PM	#8
qxm Confirmed User Join Date: Jul 2006 Location: NoHo Posts: 5,970	no problem here ... only owe ~800 to collection agencies </lol> __________________ ICQ: 266990876

11-04-2008, 06:17 PM	#2
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Nope. I have two debit cards with high daily limits. Works great for me.

11-04-2008, 06:26 PM	#4
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	jebus, no fucking way. There has been one time in my life where I didn't pay of a card that during that months statement. That one time it was paid off the next time. Fuck those high rates.

11-04-2008, 08:24 PM	#9
Corleone C.R.E.A.M Industry Role: Join Date: Apr 2003 Posts: 15,262	no debts at all

11-04-2008, 08:26 PM	#10
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	Zero Debt here. 1 Credit card at 9% with 34.00 bill due. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

11-04-2008, 08:35 PM	#11
shermo Guest Posts: n/a	Debt free here. Had to pay off about $22k counting student loans, etc.... Did a 6 month budget and knocked it out. Now if I could only get my house to have some equity again...

11-04-2008, 08:39 PM	#12
papill0n Unregistered Abuser Industry Role: Join Date: Oct 2007 Posts: 15,547	I have just the one card with no monies owing :D

11-04-2008, 08:41 PM	#13
Zuzana Designs All Your Design Needs Industry Role: Join Date: Feb 2005 Location: [email protected] Posts: 20,866	nope, none at all .. __________________ Website Design - Consulting - Development sarah [at] zuzanadesigns.com - See Our Work

11-04-2008, 08:45 PM	#15
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	Some credit place called the other day with consolidation this and reconciling that.. and I cut him off and said "Other than my mortgage, I already am debt free." and he was totally speechless. Kinda got me to thinking, he had probably never run into someone who didn't have a ton to pay in CC's and loans. It's that rare that they can pretty much write their schtick with confidence that it will simply apply to everyone. It's a sad state of affairs. __________________ This is me on facebook This is me on twitter

11-04-2008, 10:53 PM	#16
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	I have a few credit cards, but the one with the highest balance has 0% for a few more months. Even before it hits that mark, it will be well paid off. Most of my debt is business startup costs and moving, not personal shopping sprees. id much rather be paying at 0% to a credit card company and having my money make a return (about 3% per month), then pay it off now. i get a lot of offers to switch cards thru the bank, but the fine print reads i will loose the 0% nice try bank, i dont want your bonus points and free plane tickets i will never be able to use. I know there are a LOT more people going into credit card debt now, probably more than before. most people have the thinking "things will get better and ill get a better job" but stuggle to make the minimum payment each month __________________ Email: Clicky on Me

11-04-2008, 10:56 PM	#17
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	Let me guess, you want lend people $$ at 15% for people to pay off their cc debt? __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

11-04-2008, 11:05 PM	#19
clickyclick Confirmed User Join Date: Apr 2008 Location: Somewhere on Earth Posts: 159	If u are in big debt go to http://suzeorman.com/ or watch her on MSNBC, she explains thing very nicely. Did u know u can have your cc collection agency reduce your debt? So it is possible you can just pay them say 2K and they'll write off your 10K debt. See the link I gave you if u are in debt. A friend of mine wrote off 37K debt for just 13K. He's buying me lunch everyday now for helping him

11-04-2008, 11:06 PM	#20
Zorgman Confirmed User Join Date: Aug 2002 Location: Sydney, Australia Posts: 6,103	I was in some serious debt when my ex-business partner got busted, but it's all cleared up now and im a free man. __________________ ---

11-04-2008, 11:06 PM	#21
JaneB Guest Posts: n/a	No. I have always been careful with credit cards and credit in general.

11-04-2008, 11:25 PM	#25
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 74,667	I haven't had a credit card since 1998 or so. Fuck that shit. I have a line of credit with Dell, but that's mostly for buying computers. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

11-05-2008, 01:48 AM	#27
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	no debt here either

11-05-2008, 01:58 AM	#29
mrwilson mrwilson 2.0 Industry Role: Join Date: Jul 2007 Location: ICQ: 465406783 Posts: 5,122	hell no! Who in their right mind would get that much in debt? I think the most i was ever in debt was about 1k when i was a student but i made it priority to pay that shit off.

11-05-2008, 03:08 AM	#32
VicD ICQ: 304-611-162 Join Date: Feb 2005 Location: Masterdam Posts: 13,245	I have 2 creditcards, i always pay them on time, don't feel like paying almost 18% interest..