Bankruptcy

[bernse]

Originally posted by: JackBurton

Originally posted by: bernse

Originally posted by: Windogg
I screw credit card companies all the time and I encourage everyone here to do the same. My tried and true method really piss them off. Some say I am not playing fair but I think its fun. Best part is it always works, guaranteed.

The steps:
1) Never hold a balance.
2) Ignore those mailers and keep two cards max.
3) Never hold a balance.
4) Only get no-annual fee cards.
5) Never hold a balance.
6) Get cards with rewards. I have one that gives me 5% cash for purchases at supermarkets, pharmacies, and gas.
7) Never hold a balance.
8) Never take a cash advance.
9) Never hold a balance.
10) If I don't have the cash in the bank to pay for it, I don't buy it.
11) Don't hold a balance.

Heh heh..... boy it sure can be fun sticking it to the greedy credit card companies.

Yeah. That's sure showing them! They'll never make any money!!!

Oh wait, I forgot about the blanket % they make on every time you *use* the card.

Um, you think they're making money off Windogg? Is that why CC companies would LOVE to get rid of people like him? Because they make so much money when he "uses" his card? Hate to break it to you, but I know for a FACT that at least one LARGE CC company doesn't like people like Windogg. It actaully came out of a the CEO's mouth during a meeting. They were actually trying to find a way to get rid of those people, without looking like they were trying to get rid of them.

Well no kidding, Mr. Obvious. Of course they would like to make *more* money from people (IE- Carry a monthly balance), but you're fooling yourself if you think their going to "get rid" of clients that pay their bills on time and don't carry a balance. The transaction fees are incredibly lucrative and is what most people don't think about. Why do you think CC companies are tickeled pink when they have people that use their cards for *everything*? Why do you think that low margin companies (say computer hardware) give a "cash discounted" price which is around 2-3% usually lower than the credit card. 2-3% of every transaction is a TON of money.

And no, I don't carry a balance but I charge approx $1000 each month.

 

[mugs]

Originally posted by: JackBurton

Originally posted by: mugs
JackBurton, maybe you ought to explain what you have against banks (and apparantly all businesses). Because you're making yourself look dumb.

Give me a break, I'm making myself look dumb? How the hell did you get me having problems with banks equating to ALL businesses?

I'll admit that was my mistake, when you said they're a business like no other, I read it as a business like any other.

I guess, insurance, pharmaceutical, and oil companies are just like any other innocent mom and pop business too, right?

So you just don't like big businesses?

Gee it's funny, after the banks got their stricter bankruptcy laws in place that they've been pushing for a long time, pretty much ALL banks doubled the minimum payments.

Edit: I was wrong, Vic covered this one.

Do you think this was coincidental? Banks don't want you to pay off your balance so why would they double the minimum payment? Do you think they increased the minimum payment to recoup the losses they incurred due to people filing for bankruptcy? No, they are already making HUGE profits. They increased the min to break people on the edge, so they can generate MONSTEROUS profits from charging late and overlimit fees. Bad customers (as banks would refer to people that pay their balances off in full each month) are not effected by this. This strategy is intended for the people right on the edge, just able to make the minimum payment.

They're not forcing people to spend beyond their means. People need to learn some personal responsibility. Minimum payments on credit cards are very low - it takes forever to pay off a credit card by just paying the minimum payment each month. If you get to the point where you can barely make the minimum payment, that's poor money management, not predatory banking practices.

And let me tell you, those are the CC companies' BEST customers. Are those debtors most likely just financially negligent? Most likely. But there is no need to rape someone when they can't move. Are the banks within their lawful right to impose such rules? Yes. Are people within their lawful rights to file bankruptcy? Yes. The people charging knew the rules when they applied for the CC. But the CC companies also knew the rules (US laws) when they decided to create their business. Everyone is operating within the law. There is no such thing as morals in business, it's just business.

Give me a break. Say you loan a friend $10,000. If your friend came back 6 months later and said he couldn't afford to pay you back, but he'd give you $1000 to settle the debt, how happy would you be about that? Of course they're going to try to change the laws when people are filing for bankrupty because they couldn't control their spending.

 

[exilera]

Originally posted by: EagleKeeper

Originally posted by: woowoo
Reconsider your position before you file.
(Nuff said)
It is a big decision

It will haunt you for 3-5 years at a min.

Then you have a chance to show you can redeem yourself.

Look at is this something to make life easier for you or to solve a problem that is dragging you down?

Bankruptcy stays on your credit for 10 years. There's no "redeeming yourself"; if a creditor sees it, that's that.

 

[exilera]

Originally posted by: UsandThem
I filed for bankrucpy back in 2002 (was discharged in 2003).

It was the hardest decision of my life. I tried for about two years to pay, but with the interest there was no way to start inching ahead (even with reduced rates). I still think that showing up in court in front a ton of people to certify that I couldn't pay my bills was very embarassing and hard to do.

I figured a lot of the people there would seem "trashy", but almost all were people who had made some bad decisions or had some very bad luck.

Now that it has been been two years, I am now just starting to get things turned around financially. It will be on my record for another eight years.

I, for one, am glad I did it.

Now as far as people saying that they have to pay for bankrupcies are not looking at the big picture.

Wells Fargo posted almost one billion dollars in net profits (a record at the time) during the economic downturn after 9/11, even with the increase in people filing for bankrupcy.

These poor credit card companies send me at least three "please get our card" daily.....even with a bankrupcy on my record.

Don't forget that they get the interest and percentages of every purchase that is made. They are not innocent small businesses.

That said, I still do feel bad to this day for having to go into bankrupcy.

Those credit card companys you mentioned are offering you secured cards, not unsecured. No one's going to offer someone who recently went through bankruptcy an unsecured card. You might as well use a bank debit card.

 

[exilera]

Originally posted by: Windogg
I screw credit card companies all the time and I encourage everyone here to do the same. My tried and true method really piss them off. Some say I am not playing fair but I think its fun. Best part is it always works, guaranteed.

The steps:
1) Never hold a balance.
2) Ignore those mailers and keep two cards max.
3) Never hold a balance.
4) Only get no-annual fee cards.
5) Never hold a balance.
6) Get cards with rewards. I have one that gives me 5% cash for purchases at supermarkets, pharmacies, and gas.
7) Never hold a balance.
8) Never take a cash advance.
9) Never hold a balance.
10) If I don't have the cash in the bank to pay for it, I don't buy it.
11) Don't hold a balance.

Heh heh..... boy it sure can be fun sticking it to the greedy credit card companies.

What card gives you 5% cash back?

 

[Vic]

Originally posted by: JackBurton

Originally posted by: Vic

Originally posted by: JackBurton

Originally posted by: mugs
JackBurton, maybe you ought to explain what you have against banks (and apparantly all businesses). Because you're making yourself look dumb.

Give me a break, I'm making myself look dumb? How the hell did you get me having problems with banks equating to ALL businesses? I guess, insurance, pharmaceutical, and oil companies are just like any other innocent mom and pop business too, right? Gee it's funny, after the banks got their stricter bankruptcy laws in place that they've been pushing for a long time, pretty much ALL banks doubled the minimum payments. Do you think this was coincidental? Banks don't want you to pay off your balance so why would they double the minimum payment? Do you think they increased the minimum payment to recoup the losses they incurred due to people filing for bankruptcy? No, they are already making HUGE profits. They increased the min to break people on the edge, so they can generate MONSTEROUS profits from charging late and overlimit fees. Bad customers (as banks would refer to people that pay their balances off in full each month) are not effected by this. This strategy is intended for the people right on the edge, just able to make the minimum payment. And let me tell you, those are the CC companies' BEST customers. Are those debtors most likely just financially negligent? Most likely. But there is no need to rape someone when they can't move. Are the banks within their lawful right to impose such rules? Yes. Are people within their lawful rights to file bankruptcy? Yes. The people charging knew the rules when they applied for the CC. But the CC companies also knew the rules (US laws) when they decided to create their business. Everyone is operating within the law. There is no such thing as morals in business, it's just business.

You are an idiot with absolutely no knowledge of finance, economics, or business. The banks raised the minimum payments on CC's because the Fed required it. One, as a means to encourage people to quit borrowing so much debt, and Two, because the Fed has been steadily raising the discount rate (with the express intention of future raises) and that increases the Prime Rate which credit cards are based on. If the minimum payments were not increased, then those borrowers who pay only the minimum would have seen their balances negatively amortize.
It's funny, your paranoia here is almost Orwellian. Just a few years ago, credit card providers lowered their minimum payments as the Fed lowered the Prime Rate. Now as the Prime goes back up, and credit card minimum payments along with it, you can't see the correlation, just a false conspiracy.

Credit card providers' best customers are the merchants who pay the hefty transaction fees, and those customers who make their payments on time. That is where they make their money. Sure, banks have money to lend, and so they want to lend it and keep it lent out, but borrowers who slow-pay their debt are the credit card providers' worst customers, as the banks lose money on the high cost of servicing their accounts.

Please, don't lecture me on how CC companies do business, I've worked for them and know EXACTLY how they do business, and why they do what they do. And like I said, you are a fvcking joke, and I refuse to get into ANY debate with someone that has to resort to lying when debating. You are fvcking worthless Vic. I have NO respect for a liar such as yourself, and I'm definitely not going engage in a debate with someone like that.

And no, Jack, you've never "taken care of" me. I know you don't understand this, but bluster doesn't win arguments, and that's all you ever argue with. You want to switch now to arguing finance and economics with me, I'd be more than happy to make you look bad again.

Yeah, you're right. It's hard to get rid of a liar.

LMAO. You're not capable of actually defending an argument without attacking the person, are you Jack? Cracks me up. Read carefully, Jack: all you do is lie and ad hominem. You never have an argument without making up some insult against the other person. Like right here, your entire argument consists of unsubstantiated falsehoods against an industry whose actual business model is obviously far beyond your comprehension. And when presented with my actual, logical arguments, your only response is that oh you used to work for one so you know... right.

So, who'd you work for? Capitol One, the pit of non-prime? What did you do? Call center? Oh yeah, you know it all... :roll:
Fsckin' hilarious.

 

[JackBurton]

Originally posted by: Vic
LMAO. You're not capable of actually defending an argument without attacking the person, are you Jack? Cracks me up. Read carefully, Jack: all you do is lie and ad hominem. You never have an argument without making up some insult against the other person. Like right here, your entire argument consists of unsubstantiated falsehoods against an industry whose actual business model is obviously far beyond your comprehension. And when presented with my actual, logical arguments, your only response is that oh you used to work for one so you know... right.

LMAO. Read carefully, I already told you before, you are a liar, and I refuse to discuss ANYTHING with you. Is that an insult? No, it's a fact. You want proof (about you're lying self), I already posted it in this thread.

So, who'd you work for? Capitol One, the pit of non-prime? What did you do? Call center? Oh yeah, you know it all...
Fsckin' hilarious.

Yeah, that's exactly what I did. :roll:

 

[Vic]

Originally posted by: JackBurton

Originally posted by: miri
$70 billion a year from merchant transaction fees. Now your telling me credit card companies do not want people that pay their account off each month? You got to be kidding me.

You're right. I'm done with this discussion. CC companies LOVE people that pay their balance off each month, and are just like any other nice little businesses out there. Sounds good to me.

No, you're partially right here, Jack. They don't "love" people who pay their balance off each month. I already addressed this even, albeit briefly. They don't love people who miss their payments either. However, you have the reasons all wrong.

The issue here is that most people look at lending the wrong way. Lenders have money to lend and they need to lend it. There is tremendous pressure on them to do so. Failure to lend will result in a failure to stay in business. In all actuality (and this is the part most everyone misses), lenders sell money, the same way Ford sells cars. In fact, in lending, the words "borrower," "buyer," and "customer" are used interchangeably. If you borrow money and keep a balance, then you have purchased your lender's product, the terms and details of which were thoroughly disclosed to you. And they thank you for your business, and appreciate your timely repayment.

Get it?

 

[Vic]

Originally posted by: JackBurton

Originally posted by: Vic
LMAO. You're not capable of actually defending an argument without attacking the person, are you Jack? Cracks me up. Read carefully, Jack: all you do is lie and ad hominem. You never have an argument without making up some insult against the other person. Like right here, your entire argument consists of unsubstantiated falsehoods against an industry whose actual business model is obviously far beyond your comprehension. And when presented with my actual, logical arguments, your only response is that oh you used to work for one so you know... right.

LMAO. Read carefully, I already told you before, you are a liar, and I refuse to discuss ANYTHING with you. Is that an insult? No, it's a fact. You want proof (about you're lying self), I already posted it in this thread.

So, who'd you work for? Capitol One, the pit of non-prime? What did you do? Call center? Oh yeah, you know it all...
Fsckin' hilarious.

Yeah, that's exactly what I did. :roll:

Heh. I'll take your whining as concession of defeat to me. Thanks.

And yes, based upon what you know of the industry and your comments, I'm sure that's exactly what you did.

 

[CTrain]

Originally posted by: JackBurton

Originally posted by: zendari

But there is no need to rape someone when they can't move.

There is no such thing as morals in business, it's just business.

How exactly do these 2 statements work?

Banks don't believe it is morally wrong to rape you, so you shouldn't feel it's morally wrong to file Chapter 7. Business is business.

That's how they work.

Please explain how in the world do "banks rape you ??"
Do they put a gun to your head and make you use their services ??
They are like every other businesses out there...they are out there to make money.

It is "morally" wrong not to pay back what you borrowwed.
Sure leagally you can forfeit all your credit card debt but it doesn't mean it not wrong.

 

[Joemonkey]

Originally posted by: exilera

Originally posted by: UsandThem
I filed for bankrucpy back in 2002 (was discharged in 2003).

It was the hardest decision of my life. I tried for about two years to pay, but with the interest there was no way to start inching ahead (even with reduced rates). I still think that showing up in court in front a ton of people to certify that I couldn't pay my bills was very embarassing and hard to do.

I figured a lot of the people there would seem "trashy", but almost all were people who had made some bad decisions or had some very bad luck.

Now that it has been been two years, I am now just starting to get things turned around financially. It will be on my record for another eight years.

I, for one, am glad I did it.

Now as far as people saying that they have to pay for bankrupcies are not looking at the big picture.

Wells Fargo posted almost one billion dollars in net profits (a record at the time) during the economic downturn after 9/11, even with the increase in people filing for bankrupcy.

These poor credit card companies send me at least three "please get our card" daily.....even with a bankrupcy on my record.

Don't forget that they get the interest and percentages of every purchase that is made. They are not innocent small businesses.

That said, I still do feel bad to this day for having to go into bankrupcy.

Those credit card companys you mentioned are offering you secured cards, not unsecured. No one's going to offer someone who recently went through bankruptcy an unsecured card. You might as well use a bank debit card.

No, credit card companies love to give people unsecured cards after they file a bankruptcy. They know they can't file again for at least 7 years.

and zendari, how old are you? the "Should have thought for that before having a kid" argument is pretty baseless. Are you saying you have a million dollar savings because you have thought of every possible monetary inconvenience that can happen to you and you are prepared for it?

 

[JackBurton]

Originally posted by: Vic
Hey. I'll take your whining as concession of defeat to me. Thanks.

Hey, you can take it which ever way you'd like. You're good at making wrong assumptions. Thanks.

And yes, based upon what you know of the industry and your comments, I'm sure that's exactly what you did.

I'm glad you're sure. Please refer to my above statement.

 

[CTrain]

You know, if people admit that they were stupid for running up debt and couldn't pay it back and therefore they had to file bankruptcy...I can sympathize with that.(cause I've been stupid before).
But to make excuses like "CC are evil" and "banks make too much money anyway" are pathetic.

You borrowed those money according to the agreement and you should pay it back.

I was stupid back then too.
I ran up $20K in college and I was this close to filing too.
Don't know how but I manage to pay it off and now I'm much smarter for it.
I make money off CC instead of letting them make money off me.

Lets see here:

- Never carry a blance- Check
- Never pay an annual fee- Check
- Got a $15K 0% interest from Citibank- Check
- Got a $10K 0% interest from BankOne- Check
- Got over $500 free for openning new accounts- Check
- Used some of the free services CC provide- Check

In the past 7 yrs, I haven't paid any CC a single penny but I sure have profited from them.
I for one love CC companies.

 

[CTrain]

Originally posted by: Joemonkey

Originally posted by: exilera

Originally posted by: UsandThem
I filed for bankrucpy back in 2002 (was discharged in 2003).

It was the hardest decision of my life. I tried for about two years to pay, but with the interest there was no way to start inching ahead (even with reduced rates). I still think that showing up in court in front a ton of people to certify that I couldn't pay my bills was very embarassing and hard to do.

I figured a lot of the people there would seem "trashy", but almost all were people who had made some bad decisions or had some very bad luck.

Now that it has been been two years, I am now just starting to get things turned around financially. It will be on my record for another eight years.

I, for one, am glad I did it.

Now as far as people saying that they have to pay for bankrupcies are not looking at the big picture.

Wells Fargo posted almost one billion dollars in net profits (a record at the time) during the economic downturn after 9/11, even with the increase in people filing for bankrupcy.

These poor credit card companies send me at least three "please get our card" daily.....even with a bankrupcy on my record.

Don't forget that they get the interest and percentages of every purchase that is made. They are not innocent small businesses.

That said, I still do feel bad to this day for having to go into bankrupcy.

Those credit card companys you mentioned are offering you secured cards, not unsecured. No one's going to offer someone who recently went through bankruptcy an unsecured card. You might as well use a bank debit card.

No, credit card companies love to give people unsecured cards after they file a bankruptcy. They know they can't file again for at least 7 years.

and zendari, how old are you? the "Should have thought for that before having a kid" argument is pretty baseless. Are you saying you have a million dollar savings because you have thought of every possible monetary inconvenience that can happen to you and you are prepared for it?

I don't mean to single you out but you're making excuses.

As I was saying, if people will just admit that they were stupid for running up debt, people will sympathize more with that....cause everyone have been "stupid" before.
But when you start making excuses as "bad luck", "I had a kid", "CC makes tons of money"........people will jump on you.

What does "bad luck" have anything to do with you running up all these debt in the first place ???
And having a kid while you were still in financial debt was "bad luck" too ??
And Well Fargo making billion of profits relate to you running up those debt was how ???
They are a business and they are in business to make money.

Hate to be harsh, but just admit you make a mistake and go on from there.

 

[zendari]

Originally posted by: ironwing

Originally posted by: zendari

Originally posted by: ironwing
By the time most folks reach bankruptcy they have probably paid the credit card companies far more than they ever borrowed in principal. At 18%+ interest it doesn't take long for the interest to far exceed the principal. By declaring bankruptcy (over credit card debt) folks aren't so much screwing the card companies out of the principal as they are cutting into future profits to be made off the loan.

Cutting into future profits is just about the same as stealing.

Nonsense. The credit card company took a risk and lost, if you can even call it losing considering that they probably got their money back plus a healthy chunk of interest before the bankruptcy.

They did lose, thanks to abuses in the bankruptcy laws which are about to be changed. Kind of like the OP and his alienware laptop. :disgust:

and zendari, how old are you? the "Should have thought for that before having a kid" argument is pretty baseless. Are you saying you have a million dollar savings because you have thought of every possible monetary inconvenience that can happen to you and you are prepared for it?

No, I don't have a million dollars of savings. I also think before making the decision to have a kid I can't afford.

 

[11thHour]

Its not really necessary if you plan to leave the country and never come back.

 

[Joemonkey]

Originally posted by: CTrain

Originally posted by: Joemonkey

Originally posted by: exilera

Originally posted by: UsandThem
I filed for bankrucpy back in 2002 (was discharged in 2003).

It was the hardest decision of my life. I tried for about two years to pay, but with the interest there was no way to start inching ahead (even with reduced rates). I still think that showing up in court in front a ton of people to certify that I couldn't pay my bills was very embarassing and hard to do.

I figured a lot of the people there would seem "trashy", but almost all were people who had made some bad decisions or had some very bad luck.

Now that it has been been two years, I am now just starting to get things turned around financially. It will be on my record for another eight years.

I, for one, am glad I did it.

Now as far as people saying that they have to pay for bankrupcies are not looking at the big picture.

Wells Fargo posted almost one billion dollars in net profits (a record at the time) during the economic downturn after 9/11, even with the increase in people filing for bankrupcy.

These poor credit card companies send me at least three "please get our card" daily.....even with a bankrupcy on my record.

Don't forget that they get the interest and percentages of every purchase that is made. They are not innocent small businesses.

That said, I still do feel bad to this day for having to go into bankrupcy.

Those credit card companys you mentioned are offering you secured cards, not unsecured. No one's going to offer someone who recently went through bankruptcy an unsecured card. You might as well use a bank debit card.

No, credit card companies love to give people unsecured cards after they file a bankruptcy. They know they can't file again for at least 7 years.

and zendari, how old are you? the "Should have thought for that before having a kid" argument is pretty baseless. Are you saying you have a million dollar savings because you have thought of every possible monetary inconvenience that can happen to you and you are prepared for it?

I don't mean to single you out but you're making excuses.

As I was saying, if people will just admit that they were stupid for running up debt, people will sympathize more with that....cause everyone have been "stupid" before.
But when you start making excuses as "bad luck", "I had a kid", "CC makes tons of money"........people will jump on you.

What does "bad luck" have anything to do with you running up all these debt in the first place ???
And having a kid while you were still in financial debt was "bad luck" too ??
And Well Fargo making billion of profits relate to you running up those debt was how ???
They are a business and they are in business to make money.

Hate to be harsh, but just admit you make a mistake and go on from there.

I think you need to get your usernames straight before you single me out (if you are singling out UsandThem then disregard that comment). If you look at my first post in this thread, the second line states:

My wife and I were stupid when we was younger, pretty much lived off credit cards while we were in school figuring we would pay them back when we got good jobs

zendari, you never answered my question of how old are you... let me give you a hypothetical situation:

You are 30 years old and have been married for 5 years. Your father and mother are in failing health, and would really like to have a grandchild before they die. You would rather "save up" for a child and deprive your child from ever meeting their grandparents?

Bankruptcy is there for a reason. Sure lots of folks abuse it, and it seems the people here are allowing the one bad apple to spoil the whole damn bunch. If you don't like the idea of people declaring bankruptcy, then get elected and change the laws.

 

[zendari]

Originally posted by: Joemonkey

My wife and I were stupid when we was younger, pretty much lived off credit cards while we were in school figuring we would pay them back when we got good jobs

zendari, you never answered my question of how old are you... let me give you a hypothetical situation:

You are 30 years old and have been married for 5 years. Your father and mother are in failing health, and would really like to have a grandchild before they die. You would rather "save up" for a child and deprive your child from ever meeting their grandparents?

Bankruptcy is there for a reason. Sure lots of folks abuse it, and it seems the people here are allowing the one bad apple to spoil the whole damn bunch. If you don't like the idea of people declaring bankruptcy, then get elected and change the laws.

I am 18. As for your situation, a parents "deathwish" doesn't give them, me, you, or anyone else the right to steal, especially considering the couple would have KNOWN at the time that they were already in debt and could't afford a child.

I have sympathy for people who go into debt due to circumstances beyond their control, like a car accident, but sympathy for fools who make bad decisions and are unwilling to live with them is appaling.

 

[Joemonkey]

18... that doesn't surprise me.

If you wait to save up for a child, you will never have one. There is always something that comes up the money you are saving is needed for.

I explained my situation in my first post in this thread. Here it is again in case you missed it:

My wife and I were stupid when we was younger, pretty much lived off credit cards while we were in school figuring we would pay them back when we got good jobs. whoever said "to make god laugh tell him your plans was right"

fast forward a bit and we decide to go into credit counseling or debt management or whatever you want to call it. My pride was telling me "you bought the stuff, you pay for it" so I figured I would live like a pauper for a few years while they got paid off

fast forward a bit again, now that I have a kid and the medical bills to pay for an emergency c-section as well as other various hospital stays for mom and/or baby, as well as a bunch of that credit card debt left over, bankruptcy seems like a pretty good idea

My wife and I are willing to be poor and go without most of what we want and some of what we need. I will NOT make my daughter go without anything she needs

I thought the same way when I was 18. Only deadbeat losers get into debt and they should be hung for it. let me know your thoughts on all this when you are 25 or 30

 

[CTrain]

Originally posted by: Joemonkey

My wife and I were stupid when we was younger, pretty much lived off credit cards while we were in school figuring we would pay them back when we got good jobs

Yeah you did say you were stupid but then you went on to say "bad luck", "had a kid" and "Well Fargo makes billion of money so I don't feel too bad" excuses.

Why can't it just be a "I made a mistake" and leave it as that ??
"Well fargo" making tons of money as nothing to do with you running up debt same as "bad luck" or "having a kid"

Now if you had to run up CC debts to take care of an ill relatives, thats understandable......but you ran up the debts before anything of those things took place.

 

[Vic]

Hey... give the guy a break. Everyone who has a kid has to declare bankruptcy. Didn't you know?

 

[Joemonkey]

Originally posted by: CTrain

Originally posted by: Joemonkey

My wife and I were stupid when we was younger, pretty much lived off credit cards while we were in school figuring we would pay them back when we got good jobs

Yeah you did say you were stupid but then you went on to say "bad luck", "had a kid" and "Well Fargo makes billion of money so I don't feel too bad" excuses.

Why can't it just be a "I made a mistake" and leave it as that ??
"Well fargo" making tons of money as nothing to do with you running up debt same as "bad luck" or "having a kid"

Now if you had to run up CC debts to take care of an ill relatives, thats understandable......but you ran up the debts before anything of those things took place.

show me where the fvck i said ANYTHING about wells fargo?!?! I see where UsandThem posted about them, i just happened to have it in one of my posts because of a nested quote

and something i wasn't going to bring up, but will now since you mentioned ill relatives, was the fact that my wife and i took care of her great aunt who had brain cancer. We lived with her for 4 months as she slowly died, my wife being off work and me working part time. hospice came for an hour or so once a day, but she couldn't do much for herself, so we took it upon ourselves to care for her since no one else was willing to. During that time we had to pay for a lot of stuff via credit cards, and her great aunt gave us a little money to pay the rent on the apartment we still had a lease on. That amount was only about $2000, so it was not what broke us, but those 4 months sure didn't help us to get out of debt at all.

 

[zendari]

Originally posted by: Joemonkey
18... that doesn't surprise me.

I thought the same way when I was 18. Only deadbeat losers get into debt and they should be hung for it. let me know your thoughts on all this when you are 25 or 30

No, you thought completely differently than I do when you were 18, or else you wouldn't have been a deadbeat loser running up credit card debt.

2 people both working and living within their means can easily afford to raise a child.

 

[Joemonkey]

Originally posted by: zendari

Originally posted by: Joemonkey
18... that doesn't surprise me.

I thought the same way when I was 18. Only deadbeat losers get into debt and they should be hung for it. let me know your thoughts on all this when you are 25 or 30

No, you thought completely differently than I do when you were 18, or else you wouldn't have been a deadbeat loser running up credit card debt.

2 people both working and living within their means can easily afford to raise a child.

ah yes, in a perfect world where children do not have to come into it via emergency c-section, their mothers do not require multiple hospital stays, nor the child require open heart surgery, or get lukemia, or any other ailments that are extremely expensive to treat. I'll return to this thread when you are older and wiser and have experienced the real world for a while, then i will accept your apology.

 

[zendari]

There are plenty of adoption agencies available to take care of your child, since you are clearly incapable of doing so on your own.