Originally posted by Pathos
Originally posted by poedxsoldiervet
I told each Debtor this, From this day forward I will not pay you any money, Not for the time share, not for my one credit card, not for my school loans, not for my second mortage( which I got only because I couldnt get this house with out one.) Not the car, not anything.(cept my main Mortage.) I closed out all of my bank accounts and opted for a papercheck at work, I have one account and that is at a credit union. this has been two months and now my phone is ringing off the hook with threats about legal action. But yet not one of them has address my intial grievances HELP ME HELP YOU.
Congrats. Even though you can apply for bankruptcy, you will still have to pay for all your mortgages and college loans. They are NOT covered by applying for bankruptcy. Since your college loan is also considered a mortgage, you now have three mortgages that are delinquent. You are about to loose it all. If you do not turn things around soon, it will take you over 20 years to even qualify for an apartment.
Congrats. You stuck it to yourself and your family. I hope you have relatives to live with, or your going to end up on the street. You only have yourself to blame. That is what you get for living above your means.
[edit on 2-10-2009 by Pathos]
Originally posted by UMayBRite!
Sure this man borrowed money and promised to pay it back. He thought
he was protected by the rule of law. He didn't realize how his government
let him be screwed.
27% interest isn't about paying back what he promised, its about legalized theft.
If people really woke up, we'd probably drive up to North Dakota and burn down the Capitol for legalizing these crooked card deals to create a few local jobs.
Originally posted by VAPatriot
reply to post by Azazelus
How nice for you to be in the extreme minority that does not need credit. You assume a lot. You know nothing of the circumstances of what many hard working, responsible people are in. That is very obvious from your comments. Walk a mile I my shoes before you cast judgment.
As far as your credit cards go, you can do like most people are doing now and walk away from your credit and ride it out for seven years of bad credit, but what’s seven years, that is a short time anyway.
Originally posted by VitriolAndAngst
The Student loans should stop requiring payment/interest (I think) if you are enrolled in any course at all. So find anything accredited of interest to you that his cheap, and take the course -- you should save more in stopping the interest accruals.
Originally posted by Jessicamsa
.... So basically I didn't even get a stick of bubble gum for that $13k.
Anyone know how long they can collect on that judgment? So far I have not heard another peep out of them. It's been over four years now.
Originally posted by Sky watcher
reply to post by poedxsoldiervet
File bankruptcy and they wont get anything from you at all. It will cost you around fifteen hundred but its well worth it to get them off your back. You have nothing to loose and all to gain. The government will tell you to do what you just did when you take the required bankruptcy education course on-line.
They cant take your house then. Sell any cars you don't need cheap to a relative you don't share the same name with. I would have as little in your name as possible at all times.
Originally posted by poedxsoldiervet
This may not be in the right area so move it as you see fit.....
My wife lost her job almost a year ago; durning that time are bills still had to be paid and our lovely savings account has now dwindle from 20,000 to 900, While she has found another job its an 8.00 job and she hardly gets hours...
In the light of this I started to make phone calls to our debtors, asking them to lower the interst rates and explaining our situation. THere answer was no. Mind you I did not ask for a princepal reduction just interest rates. My one credit card hiked its rates from 10% to 27.99%; We own a timeshare ( I know dumb thing to buy but we bought it 5 years ago) The interst rate on that is now 16%; Our two student loans equal 360 a minth and no reduction there. So when Obama came out with the making home affordable program I thought great now I can get some of this interest knocked off my 1020 Sq foot cape cod... No not this time twice denied...
I began recalling every debtor (after I cut out cable, cell phones, out to eat, vactions, zoo trips, family outings, were down to bare nessecities) and asked them to please cut the interset or at least freeze it for me. The said no... Bank of America told me I diddnt not qualify even though my 90,000 house now is worth 72,000. No one would help me I called Federal agencies seeking intervention to help cut the interst rates (not the princepal) they said no... Even my congressmen told me no...
FINALLY I had enough and called them one more time and told them help or else, HSBC Laughed at me and Bank of America hung up three times. I told each Debtor this, From this day forward I will not pay you any money, Not for the time share, not for my one credit card, not for my school loans, not for my second mortage( which I got only because I couldnt get this house with out one.) Not the car, not anything.(cept my main Mortage.) I closed out all of my bank accounts and opted for a papercheck at work, I have one account and that is at a credit union. this has been two months and now my phone is ringing off the hook with threats about legal action. But yet not one of them has address my intial grievances HELP ME HELP YOU.
They call my house at all hours of the night now-) Letters from lawyers-) I will not pay one more cent to this assholes, I diddnt ask for princepal reduction I ask for an interst rate deduction.... I am finally fighting back and sticking it to the Man....
I have money now but there not getting it, and every transcation is done in cash no more credit loans.FIGHT THE POWER OR COLLASPE IT I am working to do both.
Replaced 'All Caps' in title
[edit on 1/10/09 by masqua]