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Credit Card
- Thread in 'General' Thread starter Started by dhrealtalk,
- Start date
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after seeing some of the stories on nt about credit cards i dont think i'll ever get one..i'd end up getting wreckless..buy something expensive as helland have a ton of cc debt...
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Dang. how old are you?
fifthname
Banned
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Minutes after dude just claimed he filed for bankruptcy
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Like i've said before you can have a CC and be responsible, before I had mine I was burning thru cash and now I have flexibility (that doesn't meanrack up 30k in debt). Just always pay A LOT more than the minimum.
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I was watching a documentary on TV last week i forget the name...but they basically went into depth about how these credit card companies make their money andwhy they target who they target...
These $%!%%% is really hungry...they mainly target college students or unemplyed young people who aren't students...because they know they'll go on aspending spree and with no job it's harder to repay back the debt...therefore leading towards more debt...
They also went in depth about mistakes and misprints on paperwork...so make sure all your info on paperwork is correct....because if theirs a mistake..bestbelieve their not going to fix it...they purposely do that...so you can be screwed even more...
These $%!%%% is really hungry...they mainly target college students or unemplyed young people who aren't students...because they know they'll go on aspending spree and with no job it's harder to repay back the debt...therefore leading towards more debt...
They also went in depth about mistakes and misprints on paperwork...so make sure all your info on paperwork is correct....because if theirs a mistake..bestbelieve their not going to fix it...they purposely do that...so you can be screwed even more...
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19... i was not being serious.
but i was implying thats how majority of American now-a-days do it..
living off unemployed checks and welfare
or file bankrubtcy and have the bank deal with it
and i know dis prob have nothing to with dis topic.. but god danmit i get piss when i see a poor +@* family with like 8 kids and for all the wrong reasons. sigh*
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Originally Posted by LAzianBoi
19... i was not being serious.
but i was implying thats how majority of American now-a-days do it..
living off unemployed checks and welfare
or file bankrubtcy and have the bank deal with it
and i know dis prob have nothing to with dis topic.. but god danmit i get piss when i see a poor +@* family with like 8 kids and for all the wrong reasons. sigh*
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yeah i have a credit card but i pay it off every month. I have learned from my parents that if you spend what you dont have to buy a luxury item you are goingto regret it in the long run. I only buy what i need and keep my spending to a minimum each month.
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Kix going hard
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even if your house doesn't appreciate much over time... there' something to be said for the peace of mind that you get when don't owe a mortgage/loan anymore.
This is the truth. Same with car payments and anything else you're making payments on. There are few things as nice as looking at your finances and knowing that it's all yours.
Unless you're very young or something, I don't see the need to finance a car. That seems like a sure indication that you're buyingmore than you can really afford.
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I do not even want to talk about my student loans. There are way too many digits on that.
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i got mad reckless and racked up 3500...smh ill pay it off tho.
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Work on the corner ull make ur money back quick. Ill be ur manager. I get 100% of the cut n you get what's left over.
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Credit cards debt has a way of sneaking up on you if you are not careful. Trust me I know from expierience. If you can't afford to pay for it with cashchances are you shouldn't be buying that item
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To the OP: Why not just take out student loans? Don't they compound at a much lower rate then credit cards? And I'm pretty sure the interestdoesn't start accumulating until you are no longer a current member of that university? Someone explain this to me... as I'm going to be in debt withmy current university and grad school for a long time.
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WOW. I hope dude is playing. That's nothing to be proud about.
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its addicting like buffalo wings guys.
seriously i love buffalo wings spicy jawnx.
seriously i love buffalo wings spicy jawnx.
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What's your house worth now and how much (as a percentage and average monthly payment) have you paid off? Have you tried to get your home reappraised andyour loan restructured?
I don't know the specifics of your case but there are people out there who bought overpriced homes and won't see those prices again for at least 20-30years (in real terms). In reality, they're paying 10, 20, or even 30% more for a home and literally throwing money away.
I understand that a credit hit will be taken but it literally makes no sense to be throwing so much money away unless one plans to live in that home till death(and even then that is questionable).
If i was one of these folks and the lender didn't reappraise the home and underwrite a new mortgage based on the home's present value, I'd justlet the entity foreclose on my home and go rent (rent's are dropping across the nation) for a few years. All the while repairing the hit taken by my creditand waiting for home prices to hit their bottoms.
If your home has depreciated substantially (10%+) I'd give a call to your mortgage holder and demand a (fair) reappraisal and a restructuring (refi) of theloan based on the realistic amount that the home is worth or else you leave. It's worth a shot whether you carry out that threat or not. It depends on yourunderwriter and whether they are in a bad position financially. If they are, you have a good shot at getting what you want (and are entitled too).
The present scheme is refinancing at a lower rate but what the hell does that matter when the borrower paid 700k for a home but it's only worth 400k now? Instead of throwing away 1m over the 30 years now the borrower will 'only' throw away 600k (I pulled the no.'s out of my %+%. you get the gistthough.
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$2500 isnt that much for a college student. I graduated with a little more debt than that.
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One of the best decisions you'll make.
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Truth. Only buy what you need...
Good luck Dhrealtalk.
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hell yea! im in $300 in debt haha not much but Ima stop buing useless stuff..
