Bankruptcy - anyone gone through it?

[R8RFAN]

Originally Posted by Dayze

That’s pretty much our plan.

Pay off debt; rat-hole money, then get into a home for no more than 15 yrs.

Excellent posts, by the way R8rs.

I hope you get their friend, because I promise you, if and when you do, you will never go back and the feeling of having very little come out of your paycheck per week and having more money than month will become like a drug.

I always get what I need, I get mostly what I want, but once your though process changes and you realize creditors are NOT your friend and want your money, you think twice before you will sign your name.

I am not rich, I have a wife and a teenage daughter, I may die with a crapload of cash for my wife and daughter to spend.... who cares, thats who I would want to spend it.

When you are forced to pay cash, you will learn to save...

I will give you my opinion on bankruptcy though, if you do it, do it all the way, don't do that pay off the creditors crap and do not consult one of those credit consolidation or get out of credit card debt or similar companies....

Or any of those negotiate your payments company, they will take your money and just do what you can do for yourself.

You credit will be smashed either way, house, utilities, car to get to work other than that, screw the unsecured debt.

Go buy the book Total Money Makeover by Dave Ramsey

[Mr. Flopnuts]

Originally Posted by R8ers

I hope you get their friend, because I promise you, if and when you do, you will never go back and the feeling of having very little come out of your paycheck per week and having more money than month will become like a drug.

I always get what I need, I get mostly what I want, but once your though process changes and you realize creditors are NOT your friend and want your money, you think twice before you will sign your name.

I am not rich, I have a wife and a teenage daughter, I may die with a crapload of cash for my wife and daughter to spend.... who cares, thats who I would want to spend it.

When you are forced to pay cash, you will learn to save...

I will give you my opinion on bankruptcy though, if you do it, do it all the way, don't do that pay off the creditors crap and do not consult one of those credit consolidation or get out of credit card debt or similar companies....

Or any of those negotiate your payments company, they will take your money and just do what you can do for yourself.

You credit will be smashed either way, house, utilities, car to get to work other than that, screw the unsecured debt.

Go buy the book Total Money Makeover by Dave Ramsey

I have one of those negotiate your debt businesses and I'll tell you right now, that I don't misrepresent myself or the purpose of my business to anyone, anytime. Yes, if you use a company like mine your credit is going to be shot, if it's not already. But the fact is, the only people I can help are the ones that are on the verge of falling apart anyways.

Yes. A lot of companies in my field are inexperienced, and simply don't care about the results they provide after the money has been collected. Try not to lump all of us in the same boat though. I have years of experience in my field and have provided real results to people who otherwise would've had to file for bankruptcy and we saved them from it. Their credit must be rebuilt, but it went from a 10 year process to a 3 year process. And I have references who could tell you that I begged them not to pay me a dime and file for their bankruptcy protection because it was the only logical choice.

All I'm trying to say is, we're not all assholes that care about nothing but money. It's just not the case.

[R8RFAN]

Originally Posted by Mr. Flopnuts

I have one of those negotiate your debt businesses and I'll tell you right now, that I don't misrepresent myself or the purpose of my business to anyone, anytime. Yes, if you use a company like mine your credit is going to be shot, if it's not already. But the fact is, the only people I can help are the ones that are on the verge of falling apart anyways.

Yes. A lot of companies in my field are inexperienced, and simply don't care about the results they provide after the money has been collected. Try not to lump all of us in the same boat though. I have years of experience in my field and have provided real results to people who otherwise would've had to file for bankruptcy and we saved them from it. Their credit must be rebuilt, but it went from a 10 year process to a 3 year process. And I have references who could tell you that I begged them not to pay me a dime and file for their bankruptcy protection because it was the only logical choice.

All I'm trying to say is, we're not all assholes that care about nothing but money. It's just not the case.

Not saying you are at all but I don't understand "the credit must be rebuilt" part... credit is what got a guy like this in the position he is in and people that do the job you say you do are enabling them to do the same thing that got them up to their ass in the first place.

I respect you as a person, but I don't respect the business you are in.

[Mr. Flopnuts]

Originally Posted by R8ers

Not saying you are at all but I don't understand "the credit must be rebuilt" part... credit is what got a guy like this in the position he is in and people that do the job you say you do are enabling them to do the same thing that got them up to their ass in the first place.

I respect you as a person, but I don't respect the business you are in.

Credit is a tool that should be used wisely. Just because so many people are unable to control themselves with it, doesn't mean that it is an evil entity. It's a matter of personal responsiblity, and education. I provide both as a means of avoiding a return trip to my office. As far as not respecting the business I'm in, that's fair. It's full of assholes, douchebags, and thieves. Which is why I felt the need to defend myself in the first place.

[R8RFAN]

Originally Posted by Mr. Flopnuts

Credit is a tool that should be used wisely. Just because so many people are unable to control themselves with it, doesn't mean that it is an evil entity. It's a matter of personal responsiblity, and education. I provide both as a means of avoiding a return trip to my office. As far as not respecting the business I'm in, that's fair. It's full of assholes, douchebags, and thieves. Which is why I felt the need to defend myself in the first place.

If you truly are trying to help people then I am sorry if I painted with too wide of a brush.
I know I am weird to most but I see all credit as bad except for a 15 year mortgage with a payment of 25% or less of net income, this enables people to sometimes double up on payments and pay that house off early,become 100% debt free and live on what you make instead of being a slave to the lender.

I was dumb when I got a 30 yr mortgage, but I paid it off in less than 5.5 years.

I was not trying to offend you, it's just you are in business to help people improve their credit score, I am totally opposite, I don't want to have credit and think it is the root to most of American family problems including causing more divorces in America than infidelity

I want to see people prosper, I want people to be able to take a day off and relax without worrying if they are going to make the bills.

[Mr. Flopnuts]

Originally Posted by R8ers

If you truly are trying to help people then I am sorry if I painted with too wide of a brush.
I know I am weird to most but I see all credit as bad except for a 15 year mortgage with a payment of 25% or less of net income, this enables people to sometimes double up on payments and pay that house off early,become 100% debt free and live on what you make instead of being a slave to the lender.

I was dumb when I got a 30 yr mortgage, but I paid it off in less than 5.5 years.

I was not trying to offend you, it's just you are in business to help people improve their credit score, I am totally opposite, I don't want to have credit and think it is the root to most of American family problems including causing more divorces in America than infidelity

I want to see people prosper, I want people to be able to take a day off and relax without worrying if they are going to make the bills.

I wasn't offended as much as defending myself because I know I work in a wacky, bullshit, arena. There are a lot of thieves and dickheads in my industry and I try to set myself apart by example.

Using credit for anything other than a means to an end is a bad idea. Whether you're trying to buy a home, get into investment properties, etc. it's imperative that you have a good credit score. The trick is making your credit work for you rather than vice versa which is how it is for a majority of Americans. My services are results driven, but also provide education and knowledge on how to accomplish the task I listed above. Making your credit work for you. Here's my website. I'm not a consumer credit counselor, but I understand the credit industry and the philosophies behind it. Most people don't.

www.thenegotiationstation.com

P.S - No offense taken. You didn't disrespect me. I just wanted to make it clear that I'm not "That guy."

[R8RFAN]

Originally Posted by Mr. Flopnuts

I wasn't offended as much as defending myself because I know I work in a wacky, bullshit, arena. There are a lot of thieves and dickheads in my industry and I try to set myself apart by example.

Using credit for anything other than a means to an end is a bad idea. Whether you're trying to buy a home, get into investment properties, etc. it's imperative that you have a good credit score. The trick is making your credit work for you rather than vice versa which is how it is for a majority of Americans. My services are results driven, but also provide education and knowledge on how to accomplish the task I listed above. Making your credit work for you. Here's my website. I'm not a consumer credit counselor, but I understand the credit industry and the philosophies behind it. Most people don't.

www.thenegotiationstation.com

P.S - No offense taken. You didn't disrespect me. I just wanted to make it clear that I'm not "That guy."

Good luck to you, If you have the heart of a teacher to teach these people to clean up their mess and stay that way then more power to you.

I am talking about the companies that tell people to intentionally get behind on their bills so they can negotiate lower payments or those charging thousands of dollars to get people out of 100's of dollars claiming they will save their credit and the world will be wonderful again.

Money is simple, if you have more coming in than going out you are making it but if you are cutting it close and living by the sword, you will die by it because rainy days happen.

I blame banks as much as the Ding Dongs that are borrowing it

I think a clearly defined credit to debt ratio should be established in this country and if a bank knowingly goes over it they should get fined and be liable for the balance.
I think credit card companies should have to abide by the same rules.
I dont think a bank should be able to write a mortgage on anything but a debt to credit ratio and the fica score should be abolished.

America wants you to be in debt, take that cash for clunkers scam, first off the car companies raised the prices on the cars say 2500, then they sold the cars and got 4500
As soon as these broke people go into a dealer, they are no longer looking at that cheap car because now they have 4500 more to spend off the bat.
The people traded good cars that were paid for in on new cars with payments.

DUMB DUMB DUMB DUMB