How Can You Pay OFF your debts ???

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  • Luc Lone Ly
    So Fucking Banned
    • Jun 2007
    • 183
    #1

    How Can You Pay OFF your debts ???

    I have about 12K in student loans, which are defaulted already.
    about 2K in credit card
    5k I borrowed from my friend, paying 8% interest every month.
    6K from a business partner /
    so the total debts add up to 25k .

    my day job pays very little .

    Thank you
    Tags: None
    • tony299
      lurker
      • Aug 2002
      • 57021
      #2
      www.daveramsey.com

        Comment

        • Peaches
          Old broad
          • Oct 2002
          • 13933
          #3
          Get a night job too.

            Comment

            • Hunter_ST
              Confirmed User
              • Feb 2003
              • 763
              #4
              Originally posted by tony404
              www.daveramsey.com
              ditto on that

              Splosh Cash Wet and Messy Fetish Program
              I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me.

                Comment

                • Barefootsies
                  Choice is an Illusion
                  • Feb 2005
                  • 42635
                  #5
                  whoa..

                  Should You Email Your Members?

                  Link1 | Link2 | Link3

                  Enough Said.

                  "Would you rather live like a king for a year or like a prince forever?"

                    Comment

                    • Spunky
                      I need a beer
                      • Jun 2002
                      • 133978
                      #6
                      Grow Thai sticks

                        Comment

                        • GrouchyAdmin
                          Now choke yourself!
                          • Apr 2006
                          • 12085
                          #7
                          Originally posted by Spunky
                          Grow Thai sticks
                          Is that... that stuff that's tied to a stick?

                            Comment

                            • rowan
                              Too lazy to set a custom title
                              • Mar 2002
                              • 17393
                              #8
                              Originally posted by Luc Lone Ly
                              5k I borrowed from my friend, paying 8% interest every month.
                              Is that 8% p/a interest with payments every month, or 8% PER MONTH

                              If it's the latter then that's nearly 100% p/a

                                Comment

                                • Quotealex
                                  Confirmed User
                                  • Sep 2001
                                  • 6265
                                  #9
                                  Originally posted by Luc Lone Ly
                                  d
                                  5k I borrowed from my friend, paying 8% interest every month.
                                  What kind of friend charges 8% interest per month! I beleive the max he can charge, is 30% per year.

                                    Comment

                                    • $5 submissions
                                      I help you SUCCEED
                                      • Nov 2003
                                      • 32189
                                      #10
                                      Dude, depending on the rates of your student loan, maybe you can look into consolidation and renegotiating your debt package?

                                        Comment

                                        • bDok
                                          Confirmed User
                                          • Feb 2005
                                          • 1917
                                          #11
                                          Originally posted by Peaches
                                          Get a night job too.


                                          yea night job. Work weekends... Temp whatever. Hustle that shit gone.
                                          =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
                                          Warriors come out to plaAAaayyy!
                                          =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=

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                                            • peterk
                                              Confirmed User
                                              • Aug 2007
                                              • 3529
                                              #12
                                              get a 2nd job and work hard, you can do it!
                                              Bogat mama ala cu loturi de trafic

                                                Comment

                                                • F U S I O N
                                                  Confirmed User
                                                  • Jan 2006
                                                  • 1898
                                                  #13
                                                  Sleep with Rick Salomon??

                                                  Hey, it worked for Pam Anderson....

                                                    Comment

                                                    • ridikuloz
                                                      Confirmed User
                                                      • Jun 2005
                                                      • 2080
                                                      #14
                                                      Pull a Pamela Anderson... find a gay millionaire and have sex with him.. and possibly marry him
                                                      Each persons' level of stupidity makes us different.

                                                        Comment

                                                        • Barefootsies
                                                          Choice is an Illusion
                                                          • Feb 2005
                                                          • 42635
                                                          #15
                                                          Originally posted by Alex from Montreal
                                                          What kind of friend charges 8% interest per month! I beleive the max he can charge, is 30% per year.
                                                          Should You Email Your Members?

                                                          Link1 | Link2 | Link3

                                                          Enough Said.

                                                          "Would you rather live like a king for a year or like a prince forever?"

                                                            Comment

                                                            • NemesisEnforcer
                                                              Confirmed User
                                                              • Aug 2003
                                                              • 2122
                                                              #16
                                                              Originally posted by Luc Lone Ly
                                                              I have about 12K in student loans, which are defaulted already.
                                                              about 2K in credit card
                                                              5k I borrowed from my friend, paying 8% interest every month.
                                                              6K from a business partner /
                                                              so the total debts add up to 25k .

                                                              my day job pays very little .

                                                              Thank you
                                                              You should try Prosper. I've been loaning money to people on that site.

                                                              The student loan people are very easy to work with. Let them know what you can pay and they will work with you. If you decide to negotiage with them, ask them for the amount of interest that you owe today then ask them to cut it in half. They will do that but if you default again, they will make you their bitch.
                                                              The Only Time When Success Comes Before Work Is In A Dictionary.

                                                              Did you ever notice: When you put the 2 words 'The' and 'IRS' together it spells 'Theirs.'

                                                                Comment

                                                                • After Shock Media
                                                                  It's coming look busy
                                                                  • Mar 2001
                                                                  • 35299
                                                                  #17
                                                                  Originally posted by Luc Lone Ly
                                                                  I have about 12K in student loans, which are defaulted already.
                                                                  about 2K in credit card
                                                                  5k I borrowed from my friend, paying 8% interest every month.
                                                                  6K from a business partner /
                                                                  so the total debts add up to 25k .

                                                                  my day job pays very little .

                                                                  Thank you
                                                                  Your friends interest rate is usury and in many states they loose all of the interest for committing it.

                                                                  Other than that, pick the highest interest debt and pay that one off first and work yourself down the interest rates, and not by the amount owed.

                                                                  Lastly do not borrow money you can not pay back quickly.

                                                                  [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

                                                                    Comment

                                                                    • pornask
                                                                      So Fucking Banned
                                                                      • Aug 2006
                                                                      • 6518
                                                                      #18
                                                                      Originally posted by tony404
                                                                      www.daveramsey.com
                                                                      Who the fuck is this cocksucker? Is he another one of those who made a killing taking money from the most desperate ones? The lowest of the lowlives.

                                                                        Comment

                                                                        • Barefootsies
                                                                          Choice is an Illusion
                                                                          • Feb 2005
                                                                          • 42635
                                                                          #19
                                                                          Originally posted by NemesisEnforcer
                                                                          You should try Prosper. I've been loaning money to people on that site.

                                                                          The student loan people are very easy to work with. Let them know what you can pay and they will work with you. If you decide to negotiage with them, ask them for the amount of interest that you owe today then ask them to cut it in half. They will do that but if you default again, they will make you their bitch.
                                                                          You should mention that unless this chappy has a good credit score, and is asking for a small amount the odds of him getting any real help on Propser is next to nill.
                                                                          Should You Email Your Members?

                                                                          Link1 | Link2 | Link3

                                                                          Enough Said.

                                                                          "Would you rather live like a king for a year or like a prince forever?"

                                                                            Comment

                                                                            • NemesisEnforcer
                                                                              Confirmed User
                                                                              • Aug 2003
                                                                              • 2122
                                                                              #20
                                                                              Hopefully his FICO score is above 520.
                                                                              The Only Time When Success Comes Before Work Is In A Dictionary.

                                                                              Did you ever notice: When you put the 2 words 'The' and 'IRS' together it spells 'Theirs.'

                                                                                Comment

                                                                                • martinsc
                                                                                  Too lazy to set a custom title
                                                                                  • Jun 2005
                                                                                  • 27043
                                                                                  #21
                                                                                  Originally posted by ridikuloz
                                                                                  Pull a Pamela Anderson... find a gay millionaire and have sex with him.. and possibly marry him
                                                                                  Make Money

                                                                                    Comment

                                                                                    • RawAlex
                                                                                      So Fucking Banned
                                                                                      • Oct 2003
                                                                                      • 9465
                                                                                      #22
                                                                                      Ask Alienq, apparently he can teach you how to become a gay cam host.

                                                                                        Comment

                                                                                        • Barefootsies
                                                                                          Choice is an Illusion
                                                                                          • Feb 2005
                                                                                          • 42635
                                                                                          #23
                                                                                          Originally posted by NemesisEnforcer
                                                                                          Hopefully his FICO score is above 520.
                                                                                          It would have to be significantly higher than that to get any real help on Prosper. Especially if he is coming in new with no relationships.

                                                                                          That doesn't even take into account the amount of debt he is asking for, nor which state he lives in for the interest rate cap chief.

                                                                                          Should You Email Your Members?

                                                                                          Link1 | Link2 | Link3

                                                                                          Enough Said.

                                                                                          "Would you rather live like a king for a year or like a prince forever?"

                                                                                            Comment

                                                                                            • NemesisEnforcer
                                                                                              Confirmed User
                                                                                              • Aug 2003
                                                                                              • 2122
                                                                                              #24
                                                                                              BTW, for those looking to loan a little money to others check out Kiva. The gain is not so much the return on your loan but rather in developing international relationships. I teamed up with a couple of people to buy a bulldozer in Ghana and it's paying $7K per month on a $70K investment.
                                                                                              The Only Time When Success Comes Before Work Is In A Dictionary.

                                                                                              Did you ever notice: When you put the 2 words 'The' and 'IRS' together it spells 'Theirs.'

                                                                                                Comment

                                                                                                • NemesisEnforcer
                                                                                                  Confirmed User
                                                                                                  • Aug 2003
                                                                                                  • 2122
                                                                                                  #25
                                                                                                  Originally posted by Barefootsies
                                                                                                  It would have to be significantly higher than that to get any real help on Prosper. Especially if he is coming in new with no relationships.

                                                                                                  That doesn't even take into account the amount of debt he is asking for, nor which state he lives in for the interest rate cap chief.

                                                                                                  He could always try. Only he knows his credit score and what his day job pays. This is the best time of the year to borrow money (last quarter) a lot of us are looking for writeoffs and are willing to take higher risks. I would rather take the risk in helping this guy out than paying it to Uncle Sam. At least there is a chance of making something in the future than it being gone forever.
                                                                                                  The Only Time When Success Comes Before Work Is In A Dictionary.

                                                                                                  Did you ever notice: When you put the 2 words 'The' and 'IRS' together it spells 'Theirs.'

                                                                                                    Comment

                                                                                                    • minusonebit
                                                                                                      So Fucking Banned
                                                                                                      • Feb 2006
                                                                                                      • 7391
                                                                                                      #26
                                                                                                      Originally posted by tony404
                                                                                                      www.daveramsey.com
                                                                                                      Stay as far away from that guy and others like him as you possibly can get. These "get out of debt" people are the lowest of the low, I swear. They make millions on the backs of people who can least afford it by selling them a pipe dream.

                                                                                                      Your best bet is to get another job, pick up some overtime and/or take on some side work. If you have a marketable skill, put it to use. Less time fucking around and more time working.
                                                                                                      Last edited by minusonebit; 10-07-2007, 08:43 PM.

                                                                                                        Comment

                                                                                                        • Barefootsies
                                                                                                          Choice is an Illusion
                                                                                                          • Feb 2005
                                                                                                          • 42635
                                                                                                          #27
                                                                                                          Originally posted by NemesisEnforcer
                                                                                                          He could always try. Only he knows his credit score and what his day job pays. This is the best time of the year to borrow money (last quarter) a lot of us are looking for writeoffs and are willing to take higher risks. I would rather take the risk in helping this guy out than paying it to Uncle Sam. At least there is a chance of making something in the future than it being gone forever.
                                                                                                          True dat.
                                                                                                          Should You Email Your Members?

                                                                                                          Link1 | Link2 | Link3

                                                                                                          Enough Said.

                                                                                                          "Would you rather live like a king for a year or like a prince forever?"

                                                                                                            Comment

                                                                                                            • minniesoporno
                                                                                                              Confirmed User
                                                                                                              • Nov 2004
                                                                                                              • 1150
                                                                                                              #28
                                                                                                              20k of debt for myself, a combination of those get now pay later . student loan and a credit card

                                                                                                              the way I am tackling my debt is by bringing in more income. and calling my creditors and negotiating a plan would be surprised of how many creditor companies have a interest relief program for people who are behind on their bills to the point where it;s almost reaching third party collections.

                                                                                                              citi financial after a year of battling with them got me on their interest free program i pay 15$ a month until my 1300 loan is gone.

                                                                                                              the rest that aren't able to cooperate or don't offer an interest free loan are enrolled at a non-profit credit council ling program at credit Canada i pay 62$ a month for up to 3 years or sooner.

                                                                                                              - basically all you can do to beat down that debt, is to increase those payments, try and get credit counseling, and increase your income and decrease your expenses.

                                                                                                                Comment

                                                                                                                • jryan89
                                                                                                                  Confirmed User
                                                                                                                  • Nov 2006
                                                                                                                  • 818
                                                                                                                  #29
                                                                                                                  whore yourself out!

                                                                                                                    Comment

                                                                                                                    • Luc Lone Ly
                                                                                                                      So Fucking Banned
                                                                                                                      • Jun 2007
                                                                                                                      • 183
                                                                                                                      #30
                                                                                                                      Originally posted by rowan
                                                                                                                      Is that 8% p/a interest with payments every month, or 8% PER MONTH

                                                                                                                      If it's the latter then that's nearly 100% p/a
                                                                                                                      I pay 400/month just the interest. until I have 5K to pay off my debt. If it's calculated by yearly rate, yes. it's 100% .

                                                                                                                        Comment

                                                                                                                        • WiredGuy
                                                                                                                          Pounding Googlebot
                                                                                                                          • Aug 2002
                                                                                                                          • 34514
                                                                                                                          #31
                                                                                                                          Debt consolidation. Get all those things paid off and get a single loan with a better interest rate. You're paying insane amounts of interest.
                                                                                                                          WG
                                                                                                                          I play with Google.

                                                                                                                            Comment

                                                                                                                            • LeRoy
                                                                                                                              Porn Pusher
                                                                                                                              • Jul 2007
                                                                                                                              • 13362
                                                                                                                              #32
                                                                                                                              Hey could be worse. No education and in jail. Just work hard and you will make the $$$. I have gotten out of some big debt a couple time.
                                                                                                                              JAPANESE CAMS AND CONTENT SITES
                                                                                                                              Teams - leroy.rowland2
                                                                                                                              Telegram - @lroddd

                                                                                                                                Comment

                                                                                                                                • Spunky
                                                                                                                                  I need a beer
                                                                                                                                  • Jun 2002
                                                                                                                                  • 133978
                                                                                                                                  #33
                                                                                                                                  Flat backing..get out there and sell your ass

                                                                                                                                    Comment

                                                                                                                                    • After Shock Media
                                                                                                                                      It's coming look busy
                                                                                                                                      • Mar 2001
                                                                                                                                      • 35299
                                                                                                                                      #34
                                                                                                                                      Originally posted by Luc Lone Ly
                                                                                                                                      I pay 400/month just the interest. until I have 5K to pay off my debt. If it's calculated by yearly rate, yes. it's 100% .
                                                                                                                                      In the US that is illegal.

                                                                                                                                      [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

                                                                                                                                        Comment

                                                                                                                                        • selena
                                                                                                                                          Confirmed User
                                                                                                                                          • Aug 2004
                                                                                                                                          • 7995
                                                                                                                                          #35
                                                                                                                                          Originally posted by tony404
                                                                                                                                          www.daveramsey.com
                                                                                                                                          Dave's da man. I have eliminated tons of debt following what I read in Financial Peace.
                                                                                                                                          ~
                                                                                                                                          Doer of Things at
                                                                                                                                          MetArtMoney
                                                                                                                                          Where Flawless Beauty Meets Art
                                                                                                                                          ~The MetArt Network ~
                                                                                                                                          selena.delgado9

                                                                                                                                            Comment

                                                                                                                                            • pornask
                                                                                                                                              So Fucking Banned
                                                                                                                                              • Aug 2006
                                                                                                                                              • 6518
                                                                                                                                              #36
                                                                                                                                              Interest is a killer

                                                                                                                                                Comment

                                                                                                                                                • Moustache Larry
                                                                                                                                                  Registered User
                                                                                                                                                  • Sep 2007
                                                                                                                                                  • 16
                                                                                                                                                  #37
                                                                                                                                                  If you have the credit... Get a 0% balance transfer credit card that gives you a year or more if possible... Then max it out with balance transfers.

                                                                                                                                                  It won't pay down your debt, but it will stop the interest from increasing it.

                                                                                                                                                  Then after 10 months or so, get another and transfer it again.. All the while paying it down.

                                                                                                                                                    Comment

                                                                                                                                                    • GigoloMason
                                                                                                                                                      Confirmed User
                                                                                                                                                      • May 2005
                                                                                                                                                      • 742
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by Luc Lone Ly
                                                                                                                                                      5k I borrowed from my friend, paying 8% interest every month.


                                                                                                                                                      Thank you
                                                                                                                                                      Thats usury if you meant it as you phrased it :x

                                                                                                                                                        Comment

                                                                                                                                                        • rowan
                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                          • Mar 2002
                                                                                                                                                          • 17393
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by Luc Lone Ly
                                                                                                                                                          I pay 400/month just the interest. until I have 5K to pay off my debt. If it's calculated by yearly rate, yes. it's 100% .
                                                                                                                                                          Sounds like a true 'friend'. He wouldn't happen to be a shark?

                                                                                                                                                            Comment

                                                                                                                                                            • C H R I S
                                                                                                                                                              Too lazy to set a custom title
                                                                                                                                                              • Nov 2005
                                                                                                                                                              • 10842
                                                                                                                                                              #40
                                                                                                                                                              Try consumer credit counseling or another non-profit service. They'll get you on a plan that will get your debts and interest rates down. One monthly payment - watch out for charlatan copycats that are not truly non-profit.

                                                                                                                                                              They'll give you the tools you need to get out of debt for good and education to stay that way - I know a few people who have used this a suceeded.

                                                                                                                                                              Also, get new friends.... that one charging that much is doing you no favors.
                                                                                                                                                              C H R I S
                                                                                                                                                              Retired Porn Veteran

                                                                                                                                                              BH4L

                                                                                                                                                                Comment

                                                                                                                                                                • Barefootsies
                                                                                                                                                                  Choice is an Illusion
                                                                                                                                                                  • Feb 2005
                                                                                                                                                                  • 42635
                                                                                                                                                                  #41
                                                                                                                                                                  Originally posted by AVNChris
                                                                                                                                                                  Also, get new friends.... that one charging that much is doing you no favors.
                                                                                                                                                                  cackle...
                                                                                                                                                                  Should You Email Your Members?

                                                                                                                                                                  Link1 | Link2 | Link3

                                                                                                                                                                  Enough Said.

                                                                                                                                                                  "Would you rather live like a king for a year or like a prince forever?"

                                                                                                                                                                    Comment

                                                                                                                                                                    • Spudstr
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Jan 2003
                                                                                                                                                                      • 2321
                                                                                                                                                                      #42
                                                                                                                                                                      Originally posted by tony404
                                                                                                                                                                      www.daveramsey.com
                                                                                                                                                                      Dave is king.
                                                                                                                                                                      Managed Hosting - Colocation - Network Services
                                                                                                                                                                      Yellow Fiber Networks
                                                                                                                                                                      icq: 19876563

                                                                                                                                                                        Comment

                                                                                                                                                                        • fatfoo
                                                                                                                                                                          ICQ:649699063
                                                                                                                                                                          • Mar 2003
                                                                                                                                                                          • 27763
                                                                                                                                                                          #43
                                                                                                                                                                          wow, you are fucked with those loans, sorry , buddy
                                                                                                                                                                          Send me an email: [email protected]

                                                                                                                                                                            Comment

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