posted on Dec, 24 2007 @ 03:22 PM
reply to post by apc
Im with you buddy but only up until you make the asertion that the bank loaned me anything....there was no money to give remember? Did you read about
fractional reserve banking yet?
I hear you though and your right....i am trying to pay off my debt but i dont think taking out another loan will help because it just perpetuates the
cycle of fraud. Credit unions might be different though and of that im not sure but i will look into it.
Of course i do not have the full payment....no one has that much money saved up and if they do they are probably well off and dont need credit cards
but have them anyway. If i cash out my 401k trade my car back, liquidate my savings and take my bonus money i can probably come up with close to 25k
and i owe 42k.....so my option is bankruptcy.
Not so bad....and i guess having a terrible credit report for 7 years isnt a big deal because that pretty much forces me not to take out any loans or