Do you owe more than 15000 in credit card debt?

haaaahahahahahahahahaha

 

HAHA HA, lorien!

And with that I'm going to bed.

 

Watch the Suze Orman Show...She always has a solution...

15k in debt... I suggest you consolidate your debt and pay it off in small increments. And cut up all your credit cards!

 

What the hell are you buying? If its student loans or something similar then I can understand but if you are just not responsible enough to use a credit card then cut that thing up.

I never understand why people let themselves get so deep in debt. Like fryman said Ive only dug myself to about 2k once and that was far enough for me to realize that I needed to change something, so I paid that thing off.

 

Or write a book about getting out of debt...seems to have worked for her

 

Crdit card companies profit enourmously form peoples inexpeiercne to manage moeny and get into massive debt. The stock prices of bank comanies (wells fargo, ank of america, etc) have risen over 30 fold in the past 10 years and show no sign of slowing as long as there are stupid gullible people willing to put themselves in massive irreversable debt.

 

Problem is that ANYONE can get a credit card now. They almost give them in cereal boxes here... and not everyone can handle them

 

Young people are very vulnerable to creditcard debt since suceptable social pressures. For example they see that some stupid rap star has a plasma TV so they go out and buy one.

Creditcard companies are well aware of this and thats why they specifically target young people.

 

Thankyou! Finally someone else other than myself gets it. I just started a thread the other day about how hard it is for young people to earn a living.

Do you think this is all an accident? Do you think banks and credit companies don't know what they're doing?

Laugh at me all you want. The dollar will continue to fall, and eventually we'll have another "staged" great depression. I just hope when it happens you guys were smart enough to convert your money to precious metals.

The banks have already begun doubling credit card monthly payments, and Greenspan says the housing bubble is about to burst.

In five years we'll see who is laughing. Just like I sat in a college classroom three years ago and told people they would never find weapons of mass destruction, and today they still haven't, I will be proven right again.

 

At my university they gace away free t-shirts and calling cards to anybody that filled out the CC application. So everyone was getting credit cards.

What a joke

 

Don't feel that bad. I've shot myself up to 45K on three occasions and each time I worked myself back out without too much trouble. It's easy if you put business expenses on your personal credit and your customers aren't super timely in paying their invoices.

Watch for ways to manage the interest, and set goals for paying it down that won't ruin your life. If your goals are too agressive, you may end up too frustrated, which can lead to that apathetic feeling that you'll never get out.

That and pick up another job, and another one. Pretty soon you'll be too tired to worry about it

 

Im with nevetS, I had over 20K one time. I had one year where I was pulling in major money and paid it off in a lump sum. Its amazing how it can grow exponentially

 

i'm sticking to my debit card from now one

the only thing is it's inconvenient to buy things on the net.

 

I had 20k on them last year but it's paid off now, depends on the circumstances mine was business expenses.

 

What was the stupidest thing you have put on your Credit Card?

I bought one of those slam man boxing things. I had a party a few weeks later and the boxing turned into brawling and somebody broke half the lights and broke his head...lol

 

rofl!!!!!!!!!! got a pic of it? this slam man thing

 

I don't have a pic of mine because I was so disgusted I through it in the garbage (Many years ago)

 

you can't kick it in the groin? no fun...

 

LOL. I've never really gone nuts. I've put things like TV's and computers on the card, but never when I couldn't afford it. When the numbers have run up for me, it's been travel expenses for work mostly, coupled with higher than normal expenses at home (medical bills, landscaping, whatever) and customers not paying their invoices on time (the real killer).

Sometimes I feel like all my credit is really my customer's credit since 90% of what I charge is to pay for travelling, conference calling, web conferences, etc. that I wouldn't spend if they weren't supposedly going to pay me soon.

This thread is making me bitter about an experience I had about a year and a half ago. I did some work for a new department at one of my biggest customers. They had us start early with their word that the project would get funded. Then they told us the project wasn't getting funded and we had to stop and they would pay us for what we had already done. Then they said the check was in the mail. Then they said they they wanted to negotiate because it was too expensive. Then they said if we didn't negotiate they would never work with us again. Then they said the check was in the mail. Then they said they didn't think they should pay so much because they've given us so much business in the past. Then they said the check was in the mail. Meanwhile, I go through my child's first christmas and birthday with a $50,000.00 outstanding bill that I've been expecting to get paid "any day now" for months. At 9 months my lawyer started writing to them. At 12 months I told them no more support and no work on any other projects. They finally paid the bill - and get this - asked me to work with that department again. Needless to say that wasn't a friendly conversation. And this isn't a small company or a real estate firm where the money comes in occasionally - it's a multi-billion dollar health care company that I took from barely-able-to-function to internationally recognized as the best in the world. Rat bastards. And all this after the CEO and the CTO gave us the compliment of being the most thorough and well run project they had ever experienced.

/end rant - but I'm still fuming.