Some people just dont learn

[pink_amulet]

I wouldnt take financial advice from anyone who gets a card after becoming debt free with a sky high intrest rate, montly maintenance fee, annual fee, account setup fee, and a ridicuously low credit limit that is over halfway used up just by signing the dotted line.

Then WHY are you here???

Geesh enough already...you sound like a broken record...if you are just so perfect and don't like how we live our lives.....don't let the door hit you in the a$$ on the way out!!!!

[krobin02]

Well I guess we're even.

I wouldn't take advice from a grown person living in their parents basement offering unsolicited information about *debt* when they have no real clue how the real world works.

Go fly a kite.

ROFLMAO!!!! That is so great!

But aside from that, becoming a part of the real world is ultimately what caused me to become unable to pay my creditors back. I'd not change a thing though because I would have exploded (literally and figuratively I think) had I stayed in my parents home a minute longer!

[tinroofrusted]

ROFLMAO!!!! That is so great!

But aside from that, becoming a part of the real world is ultimately what caused me to become unable to pay my creditors back. I'd not change a thing though because I would have exploded (literally and figuratively I think) had I stayed in my parents home a minute longer!

Yes, but you learned. Poor Basement Man never will! ;)

We all grow and learn through this process, and if anything, it becomes the best and worst learning experience of our lives!

[krobin02]

Yes, but you learned.

I hope so anyway. I'm less than a month post discharge now so I'll have to make sure that I toe the line for a long time until I am absolutely positive that no bad habits will creep back in.

[mike9302]

I dont live with my parents anymore and havent done so in a while. I live in my own apartment until I can save up enough for a good size down payment on a house. Living on your own is tough especially being single. I know how you feel Krobin02 about living on your own and how hard it is. What I dont get is why people want to run right back to a credit card after bk. Why not spend your first year building some cash in a checking or savings account and learning from your mistakes. If you pay with cash you will find that you spend less money than before. It is proven that people with credit cards spend more.

[tinroofrusted]

I dont live with my parents anymore and havent done so in a while. I live in my own apartment until I can save up enough for a good size down payment on a house. Living on your own is tough especially being single. I know how you feel Krobin02 about living on your own and how hard it is. What I dont get is why people want to run right back to a credit card after bk. Why not spend your first year building some cash in a checking or savings account and learning from your mistakes. If you pay with cash you will find that you spend less money than before. It is proven that people with credit cards spend more.

I love how a 24 year old who isn't married, doesn't have a family, can come in here and preach to people. Amazing, isn't it?

And like I said before, what people do here is nobody's business but their own. I don't live in a fantasy world, I don't follow Dave Ramsey's teachings (I think he's a COMPLETE MORON) and you come in here to spout off statements like "it's proven that people with credit cards spend more" with absolutely not a single back up of evidence with your ignorant statements.

When you get married, have a family, and can support them all on 23K a year, We'll talk then.

Until then, I suggest you take your "valuable information" to a college campus or something and try to teach your fellow brethen there about your "great idea." College kids are at a high risk for credit card debt. I'm sure you could help some wasted kids see the light. I, however, am not interested in you and Dave Ramsey's light.

[NASCAR20FAN]

Honestly, filing has brought my full circle. My whole life I never realized how much credit effects you everyday. When I was in college I had soo many credit cards and didn't care (or think about) paying back or how it would effect me! I was an idiot! But when I'm payinf $715.00/ month in rent and I see that I maybe able to buy a house and pay a mortgage of $350.00+/month it kinds puts things into crystal clear prospective! $400.00/mo into my IRA for retirementor to buy toys that I want (I'm a gun nut LOL). Again people shouldn't judge what others do with thier fresh start! Just keep your eyes on the prize and hope you don't screw up yourself...

[BassBoy]

Did I miss something? I thought this was a dead issue and this troll was banned? WTF!

[FilingOnMyOwn]

I dont live with my parents anymore and havent done so in a while. I live in my own apartment until I can save up enough for a good size down payment on a house. Living on your own is tough especially being single. I know how you feel Krobin02 about living on your own and how hard it is. What I dont get is why people want to run right back to a credit card after bk. Why not spend your first year building some cash in a checking or savings account and learning from your mistakes. If you pay with cash you will find that you spend less money than before. It is proven that people with credit cards spend more.

You're too dim to see the point my friend. Getting a credit card and paying the balance in full will improve your credit by leaps and bounds. You will spend several thousand less per year based on better credit and lower rates on insurance and everything else that requires a credit check. Even though I'm sure you think you're some kind of superhero coming on here and whining to everyone, you're just wasting your time and everyone elses. Worry about yourself, the rest of us can take care of ourselves.

[krobin02]

What I dont get is why people want to run right back to a credit card after bk. Why not spend your first year building some cash in a checking or savings account and learning from your mistakes. If you pay with cash you will find that you spend less money than before. It is proven that people with credit cards spend more.

Quite interesting that you assume information about my financial life. The only thing you know is that I filed for bankruptcy and whatever else i share with everyone in my signature. Fortunately, you have not yet made "An ass out of me" by assuming.

Now, to fill you in a little bit Mike... I have been living without using credit cards for a year now. I know how to do it and haven't even bounced a check in the process. I reopened that card for the benefit of my credit scores and guess what... it worked. Scores are up over 100 points in less than a month.

So please, unless you know the situation of each and every poster on this board, please refrain from telling us that we are doing things wrong and need to do them your way.

Oh, and please cite your source for this "proven" statistic.

[tinroofrusted]

Like I said, the parents basement=living on his own!

There's no way he could possibly be renting anywhere without paying at least $650 a month rent. And look at this, if you will.

Say he's paid bi-weekly. $23,000/26 weeks=$884.62. Then you have to take away 20% for taxes. $176.92. So then he has $707.70. Of course if he has health insurance, that's another $50.00. So that leaves him with $657.70 When all is said and done give a couple of dollars.

His rent a month is going to be at least $650, ASSUMING, he IS living on his own, not with roommates, or a girlfriend, or anything else. And assuming he lives in anywhere that's even slightly decent. So half of his income a month is GONE. Right away.

Then we have food a month. Let's say $200. We are now down to $465.40.
He has utilities.

Let's see here. A phone: $50.00 a month. Cable Internet, another $50.00 a month. Light/Electricity $45.00 a month (on a good month) and if he lives in a city sewer and water: $20.00 a month. And then we have the heating bill. We'll average this at $80.00 a month.

So, he's bringing HOME $1314.50 a MONTH.
Rent is $650.00
Food is $200
Phone $50
Cable/Internet $50
Electric Bill $45
Water/Sewer $20
Heating $80.00


Leaving him $219.00 a MONTH left over. He has to pay for gas for his gas guzzling truck (I assume by his big mouth, it's a big V8 engine...small people need big things) So there goes his gas rations for the month on his leftover money.

No way in HELL is putting away $12,000 a year, unless he's robbing a bank.

[NASCAR20FAN]

Maybe it's just me, but I don't think this guys finances are all that important! Anyone can say anything they want here, and the truth we will never know. I could say I'm bill Clinton, and the reason I filed id because Hillary got tired off me cheating on here and kicked me out. Is it true? This guy who says he's saving all this mioney every month.. True of untrue should relly be non of our concern! I think this forum is being used for him to post outragous stuff, just so we can have something to talk about and bash him for! Sad how some people get thier kicks...

[tinroofrusted]

Maybe it's just me, but I don't think this guys finances are all that important! Anyone can say anything they want here, and the truth we will never know. I could say I'm bill Clinton, and the reason I filed id because Hillary got tired off me cheating on here and kicked me out. Is it true? This guy who says he's saving all this mioney every month.. True of untrue should relly be non of our concern! I think this forum is being used for him to post outragous stuff, just so we can have something to talk about and bash him for! Sad how some people get thier kicks...

Sorry Nascarfan. He keeps bringing his finances up. I am just pointing out the obvious!

[NASCAR20FAN]

Sorry Nascarfan. He keeps bringing his finances up. I am just pointing out the obvious!

Don't get me wrong, I wasn't bashing or flaming you... I just think it's kinda silly to let this guy steer the focus of the forum away form helping those who really need it.

[anonymuse]

Quite interesting that you assume information about my financial life. The only thing you know is that I filed for bankruptcy and whatever else i share with everyone in my signature. Fortunately, you have not yet made "An ass out of me" by assuming.

Now, to fill you in a little bit Mike... I have been living without using credit cards for a year now. I know how to do it and haven't even bounced a check in the process. I reopened that card for the benefit of my credit scores and guess what... it worked. Scores are up over 100 points in less than a month.

So please, unless you know the situation of each and every poster on this board, please refrain from telling us that we are doing things wrong and need to do them your way.

Oh, and please cite your source for this "proven" statistic.

He's really into selective reading and selective retention of the facts. Yes, indeed, people are getting credit cards--this is to help establish credit and rebuild their credit scores for down the road. He just reads about us wanting to get credit cards, but not how we choose to use them---paying them off in full or just carrying 10% balance to work those fico scores. Sooner or later, most of us will need a car and who doesn't want a good interest rate? You know, he just isn't worth it!