Why are so many posts about "how can I screw the bank or my credit card company?"

[drowning123]

Simple answer to OP's question. We bailed them out and we got no thanks. Also, people stress with the decision to file because of judgmental people like the OP. Believe it or not, OP, some people do have intentions of paying back the banks, but it doesn't always work out the way you planned your life.

[Freddy03]

Posts like this make me mad. It makes me feel like I'm being judged by someone who has NO idea of my financial situation.

[tobee43]

I know that a lot of people will hate this post but I have to say it. Seems like since the new site came up the posts have changed to, “how can I screw them and stretch this out?”. We are all here for one reason or another. Loss of job, went crazy with credit cards, didn’t really read what our mortgage contract said. Because of not being able to pay those bills we had to file for BK.

A BK is there so you can.....

1) Learn from what you did and don’t do it again
2) Get a fresh start
3) Keep your home

I don’t blame the credit card companies for trying to get paid, I spent the money. I wouldn’t blame my mortgage for trying to collect if I was late, I agreed to pay. If the economy never tanked then I would have no reason for my BK. What I don’t understand is all of the blame and anger at creditors. Don’t get me wrong, all the calls suck.
But why, if you knew that you couldn’t pay then back would you wait 6 months, 1 year, 2 years to file for BK? If you don’t have a job I could understand waiting until you had the money to file, but if you have your job and are not paying anyone then you should be able to file within a few months. Your case would have been over years ago & your FICO wouldn’t have taken such a hard hit.

Mortgage contracts don’t change. The bank must follow the terms of the contract. I have talked to so many people that got a loan they new they couldn’t pay. They wanted a bigger house and in order to do that they took a loan with an arm. Payments were low and now they are high. Better yet they took out all of the equity so they could pay off other debt and with in a few years they built up all of the debt they just paid off. Is that the banks fault or yours for not asking questions and understanding what you were doing?

We all want someone to blame for our downfall. That’s normal, but in my opinion the only people that really have the right to blame anyone or anything are the ones that lost their jobs and cant find new ones, were injured and can’t work, and the people that lost a spouse and the income that came with them.

If you choose to push your BK off for a year or two because you are thinking ‘screw them”, the jokes on you because you are the one that’s loosing out on a fresh start and the loss of the stress that comes from debt.

If you know that you can’t pay the mortgage and didn’t want to modify the loan and are just going to walk away, then do it. Why keep the stress going? You got your fresh start so take it. The bank lost and will get the house back. You don’t owe on it and you don’t own it anymore. Move out and move on. Learn to let go.

I stopped paying my CC’s in NOV 2009 and filed in Dec 2009. At the time I had to go with a chapter 13. In July 2010 I converted my case to a chapter 7. I’ll be discharged this week. I’m free and I’m done. My stress from the debt is gone and I’m moving on. No anger, just a little regret from the things I DID.

ditto freddy....

first many of us just didn't go out and rack up huge cc bills buying flat screen tv's and luxuries....

we had illness and job loss....and we had PERFECT credit in the 800's.

let's see now...why would i like to screw my bank...because MY BANK SCREWED ME...

never late for over 30 years and would not help us for a couple of months
never late in over 40 years and upped our interest rates on credit cards used for medical reasons and THEY KNEW it...5-7% forever until the BANKS decided for NO reason at all to raise the rates up to 39.99%
was in loan modification for over one year and never heard a word...it's over 2.5 years and we still do not have an answer

screw the banks......you reap what you sow...and these nice banks while during my loan modification process and illness served us with a summons of foreclosure ....why because they MADE us STOP paying them saying that was the criteria to get the loan mods...you needed to be in arrears....

well now they can have my house with the black mold, cracked foundation....flooding problems....needs a new septic and well and leech fields....

all they needed to do is work with someone that had been honest, loyal and never missed a payment...but refused....

SCREW THE BANKS!!

even tho you say oh...those with a job loss or illness it is understandable...how about those that were tricked because they did not know better...while that may not be an excuse...what here's the "american" dream...want it???? i can give it to you....


please.....and about waiting to file...you haven't a clue we had to wait almost 2 years or just about over...but it's for other reasons...it's called planning and preparing....

[Freddy03]

I'm not sure what you are talking about because I don't see a huge increase of people asking how to "screw" the creditors.

But I am one of those people you referenced about not paying credit cards for over a year than filing BK. I'll just say this everyone's reasons are different for every situation. I personally wished I thought about BK a year ago to save me this past year of hell. But I thought I could ride it out and that OT would pick back up and I could get back on track but unfortunately I was wrong and I'm sure there are many people on this board feeling the same way.

[Bkman2]

I know that a lot of people will hate this post but I have to say it. Seems like since the new site came up the posts have changed to, “how can I screw them and stretch this out?”. We are all here for one reason or another. Loss of job, went crazy with credit cards, didn’t really read what our mortgage contract said. Because of not being able to pay those bills we had to file for BK.

A BK is there so you can.....

1) Learn from what you did and don’t do it again
2) Get a fresh start
3) Keep your home

I don’t blame the credit card companies for trying to get paid, I spent the money. I wouldn’t blame my mortgage for trying to collect if I was late, I agreed to pay. If the economy never tanked then I would have no reason for my BK. What I don’t understand is all of the blame and anger at creditors. Don’t get me wrong, all the calls suck.
But why, if you knew that you couldn’t pay then back would you wait 6 months, 1 year, 2 years to file for BK? If you don’t have a job I could understand waiting until you had the money to file, but if you have your job and are not paying anyone then you should be able to file within a few months. Your case would have been over years ago & your FICO wouldn’t have taken such a hard hit.

Mortgage contracts don’t change. The bank must follow the terms of the contract. I have talked to so many people that got a loan they new they couldn’t pay. They wanted a bigger house and in order to do that they took a loan with an arm. Payments were low and now they are high. Better yet they took out all of the equity so they could pay off other debt and with in a few years they built up all of the debt they just paid off. Is that the banks fault or yours for not asking questions and understanding what you were doing?

We all want someone to blame for our downfall. That’s normal, but in my opinion the only people that really have the right to blame anyone or anything are the ones that lost their jobs and cant find new ones, were injured and can’t work, and the people that lost a spouse and the income that came with them.

If you choose to push your BK off for a year or two because you are thinking ‘screw them”, the jokes on you because you are the one that’s loosing out on a fresh start and the loss of the stress that comes from debt.

If you know that you can’t pay the mortgage and didn’t want to modify the loan and are just going to walk away, then do it. Why keep the stress going? You got your fresh start so take it. The bank lost and will get the house back. You don’t owe on it and you don’t own it anymore. Move out and move on. Learn to let go.

I stopped paying my CC’s in NOV 2009 and filed in Dec 2009. At the time I had to go with a chapter 13. In July 2010 I converted my case to a chapter 7. I’ll be discharged this week. I’m free and I’m done. My stress from the debt is gone and I’m moving on. No anger, just a little regret from the things I DID.