For anyone considering credit cards

[FilingOnMyOwn]

Hmmm only 7% of bankruptcys are for bad financial decisions... Funy how the national credit card debt has reached 1 trillion and steadily going up. I think myabe more like 77% for bad financial moves or heavy credit card debt. I dont care if I get banned because you people are financial morons.

If we're morons, and you're 'smart', lol... So wtf was your point again? Go somewhere where you can act like you're better than everyone else and anyone cares.

[tinroofrusted]

Hmmm only 7% of bankruptcys are for bad financial decisions... Funy how the national credit card debt has reached 1 trillion and steadily going up. I think myabe more like 77% for bad financial moves or heavy credit card debt. I dont care if I get banned because you people are financial morons.

Have you ever heard of medical bills, medication, job loss, or divorce? Or do you just live in a perfect fantasy world that only YOU can exist in and that's why you are still in your parent's basement at 40 years old causing trouble?

And I believe the word you were looking for is "funny."

I suggest you do your research before you spout off any more ignorance and trash like that.

And like others have said, "what the hell are you doing here if we're all morons anyway?!"

[pink_amulet]

Hmmm only 7% of bankruptcys are for bad financial decisions... Funy how the national credit card debt has reached 1 trillion and steadily going up. I think myabe more like 77% for bad financial moves or heavy credit card debt. I dont care if I get banned because you people are financial morons.

I do understand there are alot of irresponsible people out there who intentionally abuse CCs, however after being on this board for a while now, the majority of us are not here due to CC abuse....lot are her due to many other reasons. My hubby and I for one, reluctantly came to the decision after trying to pay thousands upon thousands of unforeseen medical bills. My child was born with special needs (is 10yrs now), and takes monthly medications. I have had years of Physical therapy, multiple surgeries, and loss work due to an accident. We only had one CC (balance was under $500). So we for one DID NOT contribute to the national 1 trillion $ CC debit, you refer to .
All of the people here have not come to the their decisions lightly either. As it sounds you think you are so much better than us, and supposedly so money savvy that you won't have to worry about debt. Just because YOU may think this, does NOT give you the right to call us or anyone "financial morons".

If you do not agree with OUR decisions or OUR choices...then let it be..it is OUR lives, NOT YOURS!! Nor are we looking for OTHER people's approval!


BE GONE!!!!

[FilingOnMyOwn]

and that's why you are still in your parent's basement at 40 years old causing trouble

lol!

[tinroofrusted]

lol!

Sorry. I just can't help myself.

He probably sits in front of his computer in his Superman undies, eating crap, drinking beer, and looking at porn when he's not harassing poor innocent people on the web all day.

My guess? Never had a real job, never lived in the real world, and has never even lived on his/her own. ;) Just a thought.....

[mike9302]

Oh I am sure that some people come upon lots of unforseen medical bills and have no choice but bk. I dont claim to be better than anyone else and I dont live at home. I like reading some of the peoples stories on here and advice people give because some of the stories I can feel the pain because I struggled through debt but made it through. Also I have read some people on here who have filed bk and have learned from there mistakes and are doing much better now. But why right after bk do you want to run straight back to the credit cards and loans? Why not learn to live off of what you make? Invest some of your money and make intrest for yourself and have something in the bank instead of the cc companies getting all your money. Wouldnt it be nice after a year to have that nice lump sum in a savings account that is yours and building intrest or would you rather some greedy card company get your money. I know I will just be steadily attacked on here and do I really care... No but just think about for a second what you pay per month in payments and intrest on those loans and then add up those payments and calculate it to see what you would have in a savings account after a year. I am sure some of you will think that would be nice and others will continue to bash me. But hey I dont care. I love living in my fantasy world of not having credit cards and not having to pay all those card payments monthly then worrying how I am going to put gas in my truck or come up with the rent money. I am 24 with a paid for truck, and the only bills I have every month are utilities, rent, insurance, and food. I make 23,000 a year but have managed to save about 12,000 in a higher yield savings account with ING Direct which I would recommend to anyone. I was paying at one time 250 a month for my truck note but now but 250 a month and usually more into my savings account. But for those willing to listen and think about it why jump back into credit cards right after freeing yourself from them? Why not build some wealth and financial peace for yourself.

[tinroofrusted]

Oh I am sure that some people come upon lots of unforseen medical bills and have no choice but bk. I dont claim to be better than anyone else and I dont live at home. I like reading some of the peoples stories on here and advice people give because some of the stories I can feel the pain because I struggled through debt but made it through. Also I have read some people on here who have filed bk and have learned from there mistakes and are doing much better now. But why right after bk do you want to run straight back to the credit cards and loans? Why not learn to live off of what you make? Invest some of your money and make intrest for yourself and have something in the bank instead of the cc companies getting all your money. Wouldnt it be nice after a year to have that nice lump sum in a savings account that is yours and building intrest or would you rather some greedy card company get your money. I know I will just be steadily attacked on here and do I really care... No but just think about for a second what you pay per month in payments and intrest on those loans and then add up those payments and calculate it to see what you would have in a savings account after a year. I am sure some of you will think that would be nice and others will continue to bash me. But hey I dont care. I love living in my fantasy world of not having credit cards and not having to pay all those card payments monthly then worrying how I am going to put gas in my truck or come up with the rent money. I am 24 with a paid for truck, and the only bills I have every month are utilities, rent, insurance, and food. I make 23,000 a year but have managed to save about 12,000 in a higher yield savings account with ING Direct which I would recommend to anyone. I was paying at one time 250 a month for my truck note but now but 250 a month and usually more into my savings account. But for those willing to listen and think about it why jump back into credit cards right after freeing yourself from them? Why not build some wealth and financial peace for yourself.

It's NONE OF YOU'RE FREAKING BUSINESS!


What about that is so hard to understand Mr. DaveRamseyWannaBE?

And you're only 24. Wait until you get married, have kids, and a wife or husband, and then tell me that you can get by on 23K a year. Good luck with that my friend, 'cause that is truly a fantasy!

[mike9302]

If your problems are none of anyones business why are you posting them on here?I love it when people do nothing but insult me instead of try to debate anything with me. That just really proves they have no clue as to what there talking about.

[BassBoy]

We are not here to debate!!!!!!!!!!!!!!! We are here to help others through a difficult time in their lives. Sorry if you're distraut by anyone considering a credit card after BK, but it's none of your concern. You, nor this forum, can change that. There is nothing you or this forum can do about it........so.......DROP IT!

[pink_amulet]

Oh I am sure that some people come upon lots of unforseen medical bills and have no choice but bk. I dont claim to be better than anyone else and I dont live at home. I like reading some of the peoples stories on here and advice people give because some of the stories I can feel the pain because I struggled through debt but made it through. Also I have read some people on here who have filed bk and have learned from there mistakes and are doing much better now. But why right after bk do you want to run straight back to the credit cards and loans? Why not learn to live off of what you make? Invest some of your money and make intrest for yourself and have something in the bank instead of the cc companies getting all your money. Wouldnt it be nice after a year to have that nice lump sum in a savings account that is yours and building intrest or would you rather some greedy card company get your money. I know I will just be steadily attacked on here and do I really care... No but just think about for a second what you pay per month in payments and intrest on those loans and then add up those payments and calculate it to see what you would have in a savings account after a year. I am sure some of you will think that would be nice and others will continue to bash me. But hey I dont care. I love living in my fantasy world of not having credit cards and not having to pay all those card payments monthly then worrying how I am going to put gas in my truck or come up with the rent money. I am 24 with a paid for truck, and the only bills I have every month are utilities, rent, insurance, and food. I make 23,000 a year but have managed to save about 12,000 in a higher yield savings account with ING Direct which I would recommend to anyone. I was paying at one time 250 a month for my truck note but now but 250 a month and usually more into my savings account. But for those willing to listen and think about it why jump back into credit cards right after freeing yourself from them? Why not build some wealth and financial peace for yourself.

Your situation is fine and dandy for you NOW, however wait for the real world....a wife, kids, etc.... Then get back to us.
I was so able to have a cushy living before kids, and hubby, but you really don't know how much you spend on them for the necessities.

One question.....you mention that people don't learn. They file BK, and the run out right away and get CC and loans, just to run up debt, and be back in the same situtation?...right?? Ok....on here WHO is??

In order to improve your credit you need to get CC cards....most everyone on here has gotten them, and in the same breath also has said they pay it off right away to avoid fees, and interest.....so who are you really referring to??
Here is perfect example:
we have 3 CC....
CC#1=zero balance...gee no debt there!!!!
CC #2=$34 balance....WOW...look the national debt.
CC#3=$27 balance.....whoa...I better watch it there!!
No car loan
We also have a couple grand in the savings, and we are saving up for our first house.
so How??? ...really How?? can you say we never learn??

Again, the live you live may be fine now, but wait until you get n the real world.....so what happens, when your paid off truck stopped working? will last forever?? NO at some point you will have to finance another.....oooohh then what?? Oh and are you going to live in an apartment the rest of your life?? WOW a mortgage? NO OH that would be a loan, and debt....see wake up to the millions of regular people and regular lives in this world!!

[invest1choice]

Hi. Mike ,
The only reason we are getting a credit card after BK is to help you restablish your credit like in my case I have to Refinance my house on my 2 year arm. Nobody is saying run your credit card to the ground with high balance because that will "definitely" hurt you ... But in order to raise your scores,show your trustworthy again to creditors you have to show them you are trying and doing good... If you do nothing to restablish your credit report then there is no proof of showing good payment history and they want three lines of it to prove to Refinance or Even buy a house . I understand your frustration but this is the only way to restablish is to get two or three credit cards to show good payment. I have spoke to about 10 Mortgage lenders and they all have told me the same thing . Get established three lines then call me in a few months when your score goes up. I hate to speak for anyone but I know BK is a stressfull thing to actually go through and you have no idea unless you have walked in those shoes. That is great that you were blessed on being able to get out of your debt and I am sure that was stressfull as well but everyones situation is diffrent and you really should not Judge anyone here . We all come here for advice on how to restablish credit, BK , and I for one have found everyone so helpful in assisting me with my questions .
This is a great group and I understand you are just trying to say "NO" to credit cards but your missing the point " we are not running them up ".. not paying ..which is a big diffrence .. They are helping us raise our scores , get mortgages.. why would you want to rent when you can own? "The american dream " they say.. Yes saving money is a great idea and having a credit card payment of 10.00 a month is not going to break us. Do you really think so? Most of these balances we get are only 200.00 limit . Renting does not get you anywhere and I think it is great you have saved that much money but honestly you are throughing your rented money out the window .... I realize your young and have been listening to Dave Ramsey which I use to as well, but I just did not agree with everything he said but rememer he claimed BK as well and he had to have restablish his credit some how unless he just paid cash for his house. I am not really sure but all I am saying is Please don't trash us we all have worked hard here and help each other and it is fine to say you yourself don't like credit cards blablabla but when you come to a forum about restablishing your credit and condemn us for the way we know works and prove it everyday just look at how our scores go up from it . Like I said nobody is saying run up credit cards you are taking it to a diffrent level. I would definitely understand what your position is, if I ran out got 5 credit cards and maxed all of them out and am just paying minimium payments which would get me nowhere. Yes that is understood and I would have to say everyone realizes that...

[FilingOnMyOwn]

Oh I am sure that some people come upon lots of unforseen medical bills and have no choice but bk. I dont claim to be better than anyone else and I dont live at home. I like reading some of the peoples stories on here and advice people give because some of the stories I can feel the pain because I struggled through debt but made it through. Also I have read some people on here who have filed bk and have learned from there mistakes and are doing much better now. But why right after bk do you want to run straight back to the credit cards and loans? Why not learn to live off of what you make? Invest some of your money and make intrest for yourself and have something in the bank instead of the cc companies getting all your money. Wouldnt it be nice after a year to have that nice lump sum in a savings account that is yours and building intrest or would you rather some greedy card company get your money. I know I will just be steadily attacked on here and do I really care... No but just think about for a second what you pay per month in payments and intrest on those loans and then add up those payments and calculate it to see what you would have in a savings account after a year. I am sure some of you will think that would be nice and others will continue to bash me. But hey I dont care. I love living in my fantasy world of not having credit cards and not having to pay all those card payments monthly then worrying how I am going to put gas in my truck or come up with the rent money. I am 24 with a paid for truck, and the only bills I have every month are utilities, rent, insurance, and food. I make 23,000 a year but have managed to save about 12,000 in a higher yield savings account with ING Direct which I would recommend to anyone. I was paying at one time 250 a month for my truck note but now but 250 a month and usually more into my savings account. But for those willing to listen and think about it why jump back into credit cards right after freeing yourself from them? Why not build some wealth and financial peace for yourself.

I filed bk primarily because of medical bills. My only monthly bill is my rent. $400 a month includes all utilities. I live in a waterfront condo on the intracoastal waterway in atlantic beach, fl, with roommates. All I have to pay for besides that is to feed myself. I have 7 new credit cards in the 4 months after filing bk, with $7,700 in available credit. I DON'T OWE A DIME ON THEM. NOT A PENNY, TO ANYONE. I now have credit scores in the 700's, and could qualify for things I never dreamed of, like a home.

Do you live in a small town or something, where everyone just gossips about each other and makes up a bunch of lies? Noone on this site is 'running' back to a credit card. We are rebuilding our credit after having financial burdens laid upon us that were out of our control. Every person in america has the right to medical care and treatment to stay alive. People who are not rich can not always afford such necessities. Don't come on here and judge us or assume for one second that you know what goes on. Expand your mind, educate yourself, shed the ignorance. You too, could one day, have wisdom.

[krobin02]

23,000 to live nicely? Where? I want to know. I make 22,000 a year and have to have a roomate just to barely stay on the good side of finances. It must be nice!

[tinroofrusted]

23,000 to live nicely? Where? I want to know. I make 22,000 a year and have to have a roomate just to barely stay on the good side of finances. It must be nice!

Amen sister! You go girl!

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.

[anonymuse]

I guess my question is--WHY DO YOU BOTHER COMING HERE? Most people visit here because they either (a) are having financial problems and are considering bankruptcy wanting to learn about it, (b) are in the middle of a bankruptcy and need support, (c) are post-BK and want to re-establish their credit and help others make it through the process. Then, we've got a few with expertise in an area that will help people on the boards (i.e. mortgage brokers.)

So where does this guy fit in? Do you listen to Jason Mraz all day and then go post on a Sheryl Crow board when you don't know any of her music? Some people have way too much time on their hands.