ChiefsPlanet - Life Anyone have any experience or ideas to fix my own credit?

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Anyone have any experience or ideas to fix my own credit? (https://chiefsplanet.com/BB/showthread.php?t=238208)

Gadzooks

12-11-2010 05:10 PM

Quote:

Originally Posted by Saul Good (Post 7247261)

Those are the biggest ripoff ever. It's right there with renting furniture and playing Keno.

I agree with Deez Nutz. It's for people in an immediate bind.
However, I hope there is no situation in my life where I'm in a bind to the point where I have to rent furniture.

Saul Good

12-11-2010 05:11 PM

Quote:

Originally Posted by R8ers (Post 7247272)

Don't worry Saul, we all know the debt fairy will sweep down, take care of all the bills he leaves for his family if he dies.

I've never met anyone who was over the age of 25 and debt free who was worried about their lack of debt.

Saul Good

12-11-2010 05:12 PM

Quote:

Originally Posted by Gadzooks (Post 7247276)

I agree with Deez Nutz. It's for people in an immediate bind.

I guess, but you don't find yourself in one of those places unless you've made some poor decisions leading up to that point.

R8RFAN

12-11-2010 05:13 PM

Quote:

Originally Posted by Gadzooks (Post 7247276)

I agree with Deez Nutz. It's for people in an immediate bind.
However, I hope there is no situation in my life where I'm in a bind to the point where I have to rent furniture.

I would sell something first.......
Scumbag Parasitic Predatory Lending....

There a special place in hell for these people.

Gadzooks

12-11-2010 05:18 PM

Quote:

Originally Posted by Saul Good (Post 7247278)

I guess, but you don't find yourself in one of those places unless you've made some poor decisions leading up to that point.

Very true, thankfully, I haven't, but in my younger days this service may have been helpful.
To get into a slippery slope with these guys is pretty much the lowest rung on the ladder.

DeezNutz

12-11-2010 05:21 PM

Quote:

Originally Posted by Saul Good (Post 7247278)

I guess, but you don't find yourself in one of those places unless you've made some poor decisions leading up to that point.

It's a vicious cycle. I can imagine an emergency situation, but if you're a fiscally sound person, there are probably a million different avenues you could pursue.

Predatory lending at its best.

Saul Good

12-11-2010 05:21 PM

Quote:

Originally Posted by Gadzooks (Post 7247285)

Very true, thankfully, I haven't, but in my younger days this service may have been helpful.
To get into a slippery slope with these guys is pretty much the lowest rung on the ladder.

I would bet that more than 75% of people who use a payday lender eventually file for bankruptcy.

Saul Good

12-11-2010 05:23 PM

Quote:

Originally Posted by DeezNutz (Post 7247297)

It's a vicious cycle. I can imagine an emergency situation, but if you're a fiscally sound person, there are probably a million different avenues you could pursue.

Predatory lending at its best.

Micjones had a thread a couple of years back about a friend of his who got screwed by one of these places. I think it was a title loan deal. It was a pretty interesting thread.

Saul Good

12-11-2010 05:26 PM

Quote:

Originally Posted by Dsnyfn (Post 7247299)

I've got 35 years in the Credit industry (consumer and commercial)....I've seen it all.

I've watched people who hand out angry advice end up just like the TV Evangelist who preaches against immorality....living in the middle of the same sin they preach against.

When I come on here and see people preach about living only on cash and insulting others who don't/can't I think of one client who sounded just like you. After years of railing against credit card use/borrowing on credit and assailing those who do, he ended up filing bankruptcy.

Then the guy was a hypocrite. His advice was sound, but he didn't follow it. If you don't borrow money, you don't go bankrupt. It's pretty simple.

I suppose that you could do something that caused you to have an enormous judgment awarded against you, but that's like saying that it's a good idea to play the lottery because 1 out of 50,000,000 win.

DaFace

12-11-2010 05:26 PM

Quote:

Originally Posted by Dsnyfn (Post 7247303)

Interesting how little you know....you assume alot, especially the part where you believe I have anything greater than "good" debt.

Please be careful with your assumptions, because all it is doing is making you look the fool.

I'll break my intended silence to just tell you this is a losing battle. R8ers is convinced that all credit is evil and that those of us who are making better money by using good debt to let us make more money elsewhere all idiots. He seems to think that racking up credit card debt is the same as taking out a home loan. Don't waste too much brainpower on it.

Saul Good

12-11-2010 05:28 PM

Quote:

Originally Posted by Dsnyfn (Post 7247303)

I can't tell if you are intentionally speaking in riddles or if you just have very poor sentence structure. I have to re-read all of your posts, and I still can't figure out what you mean half the time.

Saul Good

12-11-2010 05:30 PM

Quote:

Originally Posted by DaFace (Post 7247306)

I won't speak for him, but I don't think that all debt is evil. I would say that 90+% of people would be best served not to borrow money for anything beyond a mortgage. Some people are able to use leverage to their advantage in the long run. Significantly more people THINK they can only to learn the hard way.

Saul Good

12-11-2010 05:32 PM

Quote:

Originally Posted by Dsnyfn (Post 7247310)

Let me help you....Saul and R8ers.....

You can have all the cash/assets on your personal ledger with no personal debt and it only takes one catastrophic event to completely wipe you out.

Maybe a bad investment....a car accident that is your fault, with injuries to others that your insurance won't cover....your spouse/child has a major life threatening illness....your spouse child is a special needs child that isn't covered in any great depth by insurance.

I've seen people with lot's of assets be rich one day and crying the next.

What's your point? Should I just weigh 500 pounds because healthy people die every day?

You can't protect yourself 100%, but you can sure sway the odds in your favor.

Saul Good

12-11-2010 05:35 PM

Quote:

Originally Posted by Dsnyfn (Post 7247314)

Actually since you choose to get into insults...let me oblige.

It's not my sentence structure, but your complete lack of comprehension skill sets that prevent you from understanding.

I wasn't trying to be insulting. It was just an honest observation. If it's my lack of comprehension skills that make posts like these seem like gibberish, my bad.

Quote:

Originally Posted by Dsnyfn (Post 7247314)

Interesting how little you know....you assume alot, especially the part where you believe I have anything greater than "good" debt.

Quote:

Originally Posted by Dsnyfn (Post 7247314)

I guess I will repeat the same thing to you I did to Saul....it takes but a moment for all the to mean nothing.

Saul Good

12-11-2010 05:37 PM

Quote:

Originally Posted by Dsnyfn (Post 7247320)

Now you see the point I am trying to make....too many people who hand out advice are hypocrites....it's just like being internet bullies. No one knows if you are 6'6" when you are typing behind the keyboard, when in fact you are only 5'6".

Most people who hand out financial advice need to follow it themselves.

I still don't see the point. If r8ers really has $50,000 of unsecured debt, his advice is still sound.

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