Looks like I beat my foreclosure.

[alkemyst]

yes, an education is an asset. Just like trademarks or IP is an asset. Assets aren't always physical objects. An asset can be a cashflow stream from future earnings potential (which is all a stock is) built up on an idea and not a product This is why you are financially stupid. You don't even know what is an asset an what is a liability.

It's clear you are a perfect expert at being stupid, funny how the other forum idiot, Dave, is defending you. Birds of a feather...

It's clear you don't know everything that makes up the costs of what one faces while going to college. Not all of it was ASSETS.

You like name-calling, it's a sign of ignorance which clearly fits you.

Stay angry!

lol

 

[dmcowen674]

How's the bar and boat going, Dave? You're as financially stupid as the OP.

I'm not a 1%er like you and the rest of the high and almighty on here.

I'm a 99%er and shit happens to us down at the bottom.

You wouldn't know being up there in the nose bleed section.

 

[sdifox]

I still think the bank should be charged with wire fraud.

 

[LegendKiller]

I'm not a 1%er like you and the rest of the high and almighty on here.

I'm a 99%er and shit happens to us down at the bottom.

You wouldn't know being up there in the nose bleed section.

Intellectually, you are a 1%'er, just at the bottom 1%.

 

[LegendKiller]

It's clear you don't know everything that makes up the costs of what one faces while going to college. Not all of it was ASSETS.

You like name-calling, it's a sign of ignorance which clearly fits you.

Stay angry!

lol

Yeah, it's clear I've never been to college...

Perhaps you should just hand your life over to me. I would manage it far better than you have.

 

[alkemyst]

I still think the bank should be charged with wire fraud.

I agree that there should be some kind of penalty, unfortunately the laws in place do not allow it.

Much like Workman's Comp in Florida being no-fault. Not much you can do if a WC doctor didn't do something right. I had a torn distal bicep tendon that they didn't treat as an emergency (you only have up to 6 weeks to treat one with much luck, preferably under six weeks). They didn't even authorize an MRI until week 5 and I couldn't get approval to see a surgeon for weeks after on week 11.

It's about a 5% total body disability, the pay out per workman's comp, about $2600.

 

[notposting]

Well, if I was ever on a jury judging you after a week long rampage of arson, explosives, and generally whatever was needed to feel a bit better after all that, I would have to vote NOT GUILTY.

Unreal.

 

[Jeffg010]

I'm glad you getting your house loan straighten out but lets be honest you have to take the blame on some of this.

1. You putting 60k on a CC for school loans is the first mistake. I know you won't admit to that being a mistake.

2. Second mistake is thinking after you were told to stop payments on the house you could go and buy an M3. 43k you blow on that car?

3. Emptying your 401k is the worst part of the whole thing. You are going to be one of those guys that is past 65 mopping some floor bitching how you have no money and no one wants to hire you because of how old you are. I seen plenty of those guys to make me never to end up like that.

 

[LikeLinus]

So again, how many payments over what period of time did they not apply towards your mortgage?

 

[Red Squirrel]

This thread just makes me realize how lucky I've been. Got a job right out of college at around 21, house at 23, I'm 28 now and I'm way ahead on my mortgage and no other debts and never been screwed over by anyone like the bank.

Now I just need to pray they don't eliminate our department, as we're still in the middle of restructuring stuff. It's a wake up call though, that I need to start being more self sufficient. The job wont be there forever.

 

[highland145]

This thread just makes me realize how lucky I've been. Got a job right out of college at around 21, house at 23, I'm 28 now and I'm way ahead on my mortgage and no other debts and never been screwed over by anyone like the bank.

Now I just need to pray they don't eliminate our department, as we're still in the middle of restructuring stuff. It's a wake up call though, that I need to start being more self sufficient. The job wont be there forever.

So the normal...

OT isn't normal.:biggrin:

 

[Red Squirrel]

So the normal...

OT isn't normal.:biggrin:

True. :biggrin:

 

[alkemyst]

I'm glad you getting your house loan straighten out but lets be honest you have to take the blame on some of this.

1. You putting 60k on a CC for school loans is the first mistake. I know you won't admit to that being a mistake.

2. Second mistake is thinking after you were told to stop payments on the house you could go and buy an M3. 43k you blow on that car?

3. Emptying your 401k is the worst part of the whole thing. You are going to be one of those guys that is past 65 mopping some floor bitching how you have no money and no one wants to hire you because of how old you are. I seen plenty of those guys to make me never to end up like that.

I love how things that didn't happen miraculously do in my threads.

The school loans on my CC was a smart move when I did it. Best rates at the time.

I put nothing down on my M3, not a dime. The car is in line with my income.

I never emptied my 401k, I cashed out one account that was around $15k

Your whole point of posting here was to deliver the last two sentences.

 

[LikeLinus]

I love how things that didn't happen miraculously do in my threads.

The school loans on my CC was a smart move when I did it. Best rates at the time.

I put nothing down on my M3, not a dime. The car is in line with my income.

I never emptied my 401k, I cashed out one account that was around $15k

Your whole point of posting here was to deliver the last two sentences.

You cashed out 15K to get around 6K to pay off credit card debt. You were left with 9K in tax withholdings.... You lost 9k to get 6k in quick cash. Wow.

Reason number 18363 why using your credit card for loans is a horrible idea. You should have taken a student loan out and paid it back more aggressively. Instead of being a baller and buying m3s and stupid shit, you wouldn't be in this huge mess. You're apparently too stupid to see that.

Even if this happened, if you had a loan with a fixed rat and no credit card debt, it wouldn't affect you in way it has. You're not the brightest crayon if you don't realize that. Regardless of who's fault it is, you put yourself in a vulnerable position and that set you up for failure.


Do you mind answering my other question in regards to the payments and years?

 

[alkemyst]

So again, how many payments over what period of time did they not apply towards your mortgage?

It's clear you didn't read, but here is the exact number of payments and break down.

Payments started on Aug 2007 and ended on Feb 2011, in March when I called I was told they were no longer taking my payments since I had not been making any since the start of the loan and in April 2011, I was refunded $2952.42 for my last payment.

On about Jan 2008, I was calling each month to each week around Jun 2008 to find out: 1) when will my payments hit my account and 2) how much do I owe for this month and 3) when are they going to fix the credit reporting showing me as delinquent.

In Sept 2009, I was finally told my payments weren't being processed because my bank (Chase) was not sending them correctly (yeah right) and I needed to start making either Western Union or Money Gram payments. From Oct 2009, until the end I then paid via wire transfers from Money Gram until March 2011 when I was told as above, they were no longer taking payments.

Sometime early 2013, my payments were all reconciled in court as agreed they were paid. Around mid 2013, they finally were applied to my loan, however; all the past due interest and fees were not backed out. Things were quiet in court until recently when a few outrageous loan offers were made (as explained above), finally my lawyer and them reached an agreement and I was presented it and I am in agreement.

That's basically the timeline.

 

[alkemyst]

You cashed out 15K to get around 6K to pay off credit card debt. You were left with 9K in tax withholdings.... You lost 9k to get 6k in quick cash. Wow.

Reason number 18363 why using your credit card for loans is a horrible idea. You should have taken a student loan out and paid it back more aggressively. Instead of being a baller and buying m3s and stupid shit, you wouldn't be in this huge mess. You're apparently too stupid to see that.

Even if this happened, if you had a loan with a fixed rat and no credit card debt, it wouldn't affect you in way it has. You're not the brightest crayon if you don't realize that. Regardless of who's fault it is, you put yourself in a vulnerable position and that set you up for failure.


Do you mind answering my other question in regards to the payments and years?

I answered just now, sorry I have shit to do sometimes.

Nice name calling and I guess if a creditor makes an error and it caused your CC's to jump in rate it's all your fault.

lol, that's rich.

Part of the cashing out of the 401k was due to my divorce and requirements of it. I had liquidated most of the cash I had on hand. I was able to close one account I created from a small rollover ($10k that grew to $15k).

Again, the student loans I qualified for at the time to cover what I had to pay had much higher interest rates. Plus a lot of what I had to call my education costs would not have been covered anyway. I had built up a decent life at the second time I went back to college so the opportunity costs were much higher.

Anyway, that chunk was wiped out already. I paid that line completely off. What is left over is medical costs (three surgeries, a bit for a dog with cancer, and some divorce/moving expenses back to Japan). That grew to what is due now due to the excessive rates.

It's clear you are just looking for shit to throw though and not concerned with the mortgage company's errors.

 

[LikeLinus]

I answered just now, sorry I have shit to do sometimes.

Nice name calling and I guess if a creditor makes an error and it caused your CC's to jump in rate it's all your fault.

lol, that's rich.

Part of the cashing out of the 401k was due to my divorce and requirements of it. I had liquidated most of the cash I had on hand. I was able to close one account I created from a small rollover ($10k that grew to $15k).

Again, the student loans I qualified for at the time to cover what I had to pay had much higher interest rates. Plus a lot of what I had to call my education costs would not have been covered anyway. I had built up a decent life at the second time I went back to college so the opportunity costs were much higher.

Anyway, that chunk was wiped out already. I paid that line completely off. What is left over is medical costs (three surgeries, a bit for a dog with cancer, and some divorce/moving expenses back to Japan). That grew to what is due now due to the excessive rates.

It's clear you are just looking for shit to throw though and not concerned with the mortgage company's errors.

I don't keep 60k worth of credit cad debit because that's about he stupidest thing you can do financially. Ask any financial advisor and they will tell you the same thing. So even if my rates went up on my CC, it wouldn't affect my life because I do not maintain huge debts on CCs. Further more, while my credit score my go up a little if my mortgage was being delinquent, I wouldn't have any issues with other items being past due. You really aren't putting two and two together and seeing the issue.

When did you first notice the payment issue? In March of 2011?

 

[brianmanahan]

So who stated this?

they told me not to say, but it looks like they were right

we can still save this thread though!

all of us just need to be civil, courteous and encouraging

 

[alkemyst]

I don't keep 60k worth of credit cad debit because that's about he stupidest thing you can do financially. Ask any financial advisor and they will tell you the same thing. So even if my rates went up on my CC, it wouldn't affect my life because I do not maintain huge debts on CCs. Further more, while my credit score my go up a little if my mortgage was being delinquent, I wouldn't have any issues with other items being past due. You really aren't putting two and two together and seeing the issue.

When did you first notice the payment issue? In March of 2011?

Many 'advisors' would recommend avoiding government loans for an education because they are impossible to get out from IF you have the means of other credit lines to use. Most young adults didn't have the extensive credit lines I did.

However; you can't even read what I write so I don't think you really understand anything here and are just trying to flame.

Here is the quote and I bold-faced the important stuff for you:

On about Jan 2008, I was calling each month to each week around Jun 2008 to find out: 1) when will my payments hit my account and 2) how much do I owe for this month and 3) when are they going to fix the credit reporting showing me as delinquent.

I noticed the payments not hitting the loan immediately, Jan 2008 began me calling each month EVERY MONTH. On Jun 2008, I was calling weekly and kept a notebook...this went on for years and through two loan transfers.

Again to repeat the above, I was told the payments were not going to them right because of my bank not sending them 'the right way'. I was even then told to start doing wire transfers from either Western Union or Money Gram (which sucked carrying $2XXX in cash to these locations which all seem shady). Those weren't getting applied either.

Then finally in March 2011 I was told they couldnt take my payments because I had a history of not making any since the beginning of the loan and they refunded the last payment back to me in the form of a check.

 

[LegendKiller]

Many 'advisors' would recommend avoiding government loans for an education because they are impossible to get out from IF you have the means of other credit lines to use. Most young adults didn't have the extensive credit lines I did.

However; you can't even read what I write so I don't think you really understand anything here and are just trying to flame.

Here is the quote and I bold-faced the important stuff for you:

There isn't a single financial advisor that would advocate putting them on a CC for the reasons I mentioned, not a single one. At least not one worth his/her salt.

 

[LikeLinus]

Many 'advisors' would recommend avoiding government loans for an education because they are impossible to get out from IF you have the means of other credit lines to use. Most young adults didn't have the extensive credit lines I did.

However; you can't even read what I write so I don't think you really understand anything here and are just trying to flame.

Here is the quote and I bold-faced the important stuff for you:



I noticed the payments not hitting the loan immediately, Jan 2008 began me calling each month EVERY MONTH. On Jun 2008, I was calling weekly and kept a notebook...this went on for years and through two loan transfers.

Again to repeat the above, I was told the payments were not going to them right because of my bank not sending them 'the right way'. I was even then told to start doing wire transfers from either Western Union or Money Gram (which sucked carrying $2XXX in cash to these locations which all seem shady). Those weren't getting applied either.

Then finally in March 2011 I was told they couldnt take my payments because I had a history of not making any since the beginning of the loan and they refunded the last payment back to me in the form of a check.

Sorry, I was on my phone and didn't see the second part of your post for some reason.

So you had multiple lenders not applying the payment correctly? How in the world does that happen??

 

[MongGrel]

Alky seems on quite the roll tonight.

Basically I've been living down here paying my house off like I should be and you're being a nutcase and getting away with writing things off?

And driving a Beamer around.

No sympathy here whatsoever.

 

[soccerballtux]

They are giving me a fair rate and fair terms now and I am going to be fair back to them and pay properly.

so they finally get around to being fair and you say "ok"

better if could say "no, you tried to screw me over, now I'm going to try to screw you back". Important because otherwise it shows them "we can do what we want and if something goes south we just back up and we'll get what was fair" IE "we don't have to worry about restitution"

 

[soccerballtux]

I tried to do the right thing and was hoping my creditors would understand/my mortgage company would have fixed this years ago.

What I should have done is thrown in the towel and BK'd prior to all this. That insurance money would have been taken, but my retirement I wouldn't have had to touch. I could have gone for a reinstatement of the house at that time.

hindsight is always different and I had no idea this would go on for 4 years...

hm did not know that.
So just dump everything into retirement, BK, and golden?

 

[soccerballtux]

how regularly should I request credit line increases on cards, and by what percentage?

Last one I just came up with a large number like "hey I wonder if they will say no..." requested it and got the 66% raise no problem. I don't know if I should do space those out, or maybe credit bomb it every 6 months or year, or what...?