Even after bankruptcy, this couple still overspends...

[HeXen]

Some people are idiots when it comes to their finances. The worse ones are the ones that are into this level of trouble, and continue to live the high life. I can't be around people like that.

yet it seems those people always get breaks that enable them to continue being broke and living the high life. I know a woman who's family is like that, was 6 months behind on mortgage they couldnt afford with a house they just bought a year prior and Obama bailed them out and had their mortgage payments reduced from $1000 a month to about $300 a month.... later their still eating out most every night, vactions, new clothes and still complain of being broke.
Meanwhile we still struggle but pay all our bills on time and never get no breaks, rarely eat out, never once took a vacation.. figures.

 

[Tsavo]

My friend's dad has filed for bankruptcy twice and he still gets pre-approved credit cards in the mail. Bankers are retarded.

How are they retarded? The guy is a prime customer. High interest cards that he has to repay. It's not all that easy to get credit card debt discharged in bankruptcy court these days.

 

[Doppel]

Via bad habit or being lost in some other manner, spiritually or relationship-wise people spend to fill in a hole that can't be filled with trinkets. Most would consider bankruptcy rock bottom but it wasn't for these folks. They'll need to lose their house and go to a tiny apartment. Even then maybe they won't hit rock bottom. So many chase possessions in an utterly hopeless attempt to make their life better. Home-schooling can work but a woman so hopelessly out of control is unlikely to be a good teacher for her child.

 

[ShawnD1]

yet it seems those people always get breaks that enable them to continue being broke and living the high life. I know a woman who's family is like that, was 6 months behind on mortgage they couldnt afford with a house they just bought a year prior and Obama bailed them out and had their mortgage payments reduced from $1000 a month to about $300 a month.... later their still eating out most every night, vactions, new clothes and still complain of being broke.
Meanwhile we still struggle but pay all our bills on time and never get no breaks, rarely eat out, never once took a vacation.. figures.

Reminds me of when I was applying for student loans and bursaries. It has a bunch of questions about my financial situation and things I own are used against me. wtf? Ok so if I work my ass off being a janitor and I save enough money to buy a small car, I deserve grant money less than someone who is addicted to heroin and can't save money to save their life!?!?!? wtf?!?!?


Fucking liberals strike again. I've always been under the impression that nobody should be favored by their financial status. If poor people get free shit, everyone should get that exact same free shit. That's called being fair.

 

[Tsavo]

yet it seems those people always get breaks that enable them to continue being broke and living the high life. I know a woman who's family is like that, was 6 months behind on mortgage they couldnt afford with a house they just bought a year prior and Obama bailed them out and had their mortgage payments reduced from $1000 a month to about $300 a month.... later their still eating out most every night, vactions, new clothes and still complain of being broke.
Meanwhile we still struggle but pay all our bills on time and never get no breaks, rarely eat out, never once took a vacation.. figures.

They'll be out on the street, give em time.

Some people I know are like the couple in the OP's story. They didn't make a lot of money, maybe $60k between them. They sold a house and made $30k on the deal. Her dad died and she got $15k. They moved in with her mom until they found a house to buy. In the 8 or so months it took them to find a home, they went through every single penny of the $45k on junk.

On top of that, they were sub-prime candidates and got an ARM. Two or three years later, the rate went up and they got tired of paying the house payment so they bought toys instead.

To make things worse for themselves, they decided to max out all their credit cards and then decided to declare bankruptcy. Since they were colossal idiots, they were rudely surprised when the judge didn't discharge their massive ($30k +) credit card debt.

Now they are living in a rat-assed apartment that is three times smaller than their house was, yet costs the same in rent as their mortgage. PRETTY SMART, HUH!

They've pretty much pissed through near as makes no difference $80,000.00 and all they have to show for it is a bunch of Disney DVD's and some Disney figurines.

 

[Engineer]

How are they retarded? The guy is a prime customer. High interest cards that he has to repay. It's not all that easy to get credit card debt discharged in bankruptcy court these days.

Didn't pay his bills before, what makes you think that he "has to repay" them now? Sure, can't file bankruptcy again or have difficult time getting loans discharged, but he doesn't have to pay anything.

As for the OP, doesn't surprise me....not at all. I see people taking days off work without pay, having the latest iPhone and huge random debts, trade cars every year yet bitch and moan that they don't have a cent to their name, live paycheck to paycheck and don't know what they are going to do. I have no sympathy for "most" of these people...none whatsoever.

 

[Imp]

They'll be out on the street, give em time.

Some people I know are like the couple in the OP's story. They didn't make a lot of money, maybe $60k between them. They sold a house and made $30k on the deal. Her dad died and she got $15k. They moved in with her mom until they found a house to buy. In the 8 or so months it took them to find a home, they went through every single penny of the $45k on junk.

On top of that, they were sub-prime candidates and got an ARM. Two or three years later, the rate went up and they got tired of paying the house payment so they bought toys instead.

To make things worse for themselves, they decided to max out all their credit cards and then decided to declare bankruptcy. Since they were colossal idiots, they were rudely surprised when the judge didn't discharge their massive ($30k +) credit card debt.

Now they are living in a rat-assed apartment that is three times smaller than their house was, yet costs the same in rent as their mortgage. PRETTY SMART, HUH!

They've pretty much pissed through near as makes no difference $80,000.00 and all they have to show for it is a bunch of Disney DVD's and some Disney figurines.

Finally, an "encouraging" story. The media/mommy/daddy teach you that bankruptcy is a shit hole that's so hard to get out of, and you'll never buy a home, be "happy" again. Doesn't sound like it from all the usuall 2+ bankruptcy filing stories I always see.

I know at least one person who spends everything she has, calls in sick at least once bi-weekly (6 days 100% pay in contract), then bitches and complains all the time about money, and how her boy-toy took her credit cards cause she hasn't paid them in months. Are you 10 with daddy issues?

 

[Tsavo]

Didn't pay his bills before, what makes you think that he "has to repay" them now? Sure, can't file bankruptcy again or have difficult time getting loans discharged, but he doesn't have to pay anything.

The two people I posted about previously have their wages garnished, so they have to pay. Make the amount large enough, and creditors will get blood out of a turnip.

 

[Tsavo]

Finally, an "encouraging" story. The media/mommy/daddy teach you that bankruptcy is a shit hole that's so hard to get out of, and you'll never buy a home, be "happy" again. Doesn't sound like it from all the usuall 2+ bankruptcy filing stories I always see.

I know at least one person who spends everything she has, calls in sick at least once bi-weekly (6 days 100% pay in contract), then bitches and complains all the time about money, and how her boy-toy took her credit cards cause she hasn't paid them in months. Are you 10 with daddy issues?

I don't know what drugs you are on, nor do I want to know. Before posting, ask yourself, "Am I on drugs?" If you answer yes to that question, do not post.

Bankruptcy isn't the end of the road for smart people, but it is for people who are too stupid and too lazy to manage their money properly.

 

[Engineer]

The two people I posted about previously have their wages garnished, so they have to pay. Make the amount large enough, and creditors will get blood out of a turnip.

Ah, forgot about garnished wages. Can you garnish wages for credit cards? Also, what limit is currently set on percent of income (i.e. how much can you garnish)?

I know people who have filed bankruptcy, and then during the next 7 years, manage to run up the bills enough to do it again (literally right out of bankruptcy right into another). On top of that, they were able to get decent credit card offers, a mortgage and even a 3.99% car loan within a year of filing the 2nd. Fucked up if you ask me.

 

[Imp]

I don't know what drugs you are on, nor do I want to know. Before posting, ask yourself, "Am I on drugs?" If you answer yes to that question, do not post.

Bankruptcy isn't the end of the road for smart people, but it is for people who are too stupid and too lazy to manage their money properly.

Dude, you need to read things in context. I'll refrain from countering right now, and clarify that I was rhetorically asking that about the person I was lamenting in the second paragraph, not you.

 

[LumbergTech]

LOL, the daughter's home schooled.

That's going to end well.

EDIT: Also, what's with Americans and home schooling? It seems really common over there.

I've never met anyone who was home schooled. And I've never heard of it outside of a remote farm type situation.

Are they afraid their kids will learn about evolution and other facts?

the only guy in my computer science department who was home schooled is also one of the smartest there

it was the same way in high school

in the case of this couple you may be right

 

[Tsavo]

Dude, you need to read things in context. I'll refrain from countering right now, and clarify that I was rhetorically asking that about the person I was lamenting in the second paragraph, not you.

My apologies.

 

[Tsavo]

Ah, forgot about garnished wages. Can you garnish wages for credit cards? Also, what limit is currently set on percent of income (i.e. how much can you garnish)?

I know people who have filed bankruptcy, and then during the next 7 years, manage to run up the bills enough to do it again (literally right out of bankruptcy right into another). On top of that, they were able to get decent credit card offers, a mortgage and even a 3.99% car loan within a year of filing the 2nd. Fucked up if you ask me.

Make the amount large enough, and a CC company won't be happy with merely selling the debt to a collection company. They'll take you to court and a judge will order wages garnished.

Keep in mind they got the fat end of a judicial ass kicking because they ran their cards up with the intention of declaring bankruptcy, something that judges really frown upon. Did I mention that this couple are cosmically stupid?

What's worse is the fact that the amount they are paying covers interest on their debt and not the principal. This guy, in his galactic genius, thinks he's sticking it to the CC company by not paying a dime more than he has to. They will literally be paying on that debt for the rest of their lives and they are too willfully ignorant and lazy to do otherwise.

 

[masterxfob]

just adding to the public school system sucks trend going on here. i work part time as a coach at LAUSD and it's gotten so bad that we (the staff) can't make photocopies without written approval. if we do get approval, we need to provide our own paper.

it's not just the school system, but rather the entire system in california that is actually broken. why do politicians get paid six figures to argue and get nothing done, while the citizens suffer?

 

[BoberFett]

Ever think about the irony of posting this shit while you're unemployed, not actively looking for work, and sucking down unemployment benefits as some sort of stupid 'protest'? Shoot for those stars indeed.

Here's my stalker, right on cue.

 

[dardarla]

Banks can't make money on people who pay them back before accumulating intrest. The worse your credit history, the more money they can squeeze out of you.

I would like to move out for my last year of university.... but all students less than four years out of high school are expected to live with their parents and have your parents contribute (which mine don't) unless you worked full-time or "had the opportunity to work full-time" for two years. no student loans for me 🙁

 

[shadow9d9]

the only guy in my computer science department who was home schooled is also one of the smartest there

it was the same way in high school

in the case of this couple you may be right

I don't see how this post and others like it are relevant at all. Someone's intelligence is pretty much determined by genetics and personality. Whether you actually learned something in your schooling environment is in no way related.

 

[shadow9d9]

Here's my stalker, right on cue.

Notice how you didn't deny it? Shocker! Just more of the typical deflection.

 

[Fritzo]

The problem lies here:





They don't live in the reality of their situation. They need to become homeless... they they'll stop Shopping at Whole Foods... and going to Santa Barbara.

No, the problem is the $440K mortgage and and $40000 home equity. WTF gave them that high of a mortgage on a $62K salary????

 

[tonygeor]

what noobs

 

[Texashiker]

Eh, sounds like they just needed someone to kick them in the ass and then show them what they were doing wrong.

A disease? Wow. Not sure if serious...

Yes, the "disease" is called chronic lack of personal responsiblility and the cure is a swift kick in the ass and making them suffer the consequences instead of making lame excuses like the one above.

Over spending is a disease - kicking them in the butt and making them suffer the consequences will not do any good.

Just as people are addicted to drugs, and do not care if they lose everything, so are people addicted to over spending, and will continue to do so until they lose everything - including their family.

My ex-wife would not stop with the credit cards, and it was one of the reasons why we divorced. You can sit down with an over spender and talk until your blue in the face, and its not going to do any good.

Just like drugs, over spending can consume someone to the point where they do not care about anything else.

 

[ShawnD1]

My ex-wife would not stop with the credit cards, and it was one of the reasons why we divorced. You can sit down with an over spender and talk until your blue in the face, and its not going to do any good.

Just like drugs, over spending can consume someone to the point where they do not care about anything else.

Yeah well now she's probably homeless and taking it in the ass just to make the minimum payments on her cards. Eventually one of these times when she's shitting blood she'll be like "damn, I should really figure out how these credit cards work"

 

[highland145]

No garnishment in S.C., ftl. If one of mine decides to not pay, I can mess with their credit but that's about it.

I do re-lend my decent/reliable customers 6 months after a bankruptcy. They have no where else to go and I can make $$. If they sucked prior to the bankruptcy, hell no.

 

[IndyColtsFan]

Over spending is a disease - kicking them in the butt and making them suffer the consequences will not do any good.

Bullshit. It is precisely because there are no consequences that people keep doing it. Instead of humiliating them, forcing them to pay back the debt, etc., we instead act as if THEY are the victims.

Just as people are addicted to drugs, and do not care if they lose everything, so are people addicted to over spending, and will continue to do so until they lose everything - including their family.

That sounds like consequences to me.