Debt Score
Aug 11th 2019, 2:45 am
#61
`
Joined: Oct 2003
Posts: 38,613
Re: Debt Score
Hey Justin
Don't take it to heart. The fact is it is hard. Most people on here big up their big moments. Some of us just barely get by but don't post the worst bits. I know you mostly post the worst bits and it helps
me keep a perspective.. Your opinion & experience are noted and not to be disregarded. Hang in there
RICH.
Don't take it to heart. The fact is it is hard. Most people on here big up their big moments. Some of us just barely get by but don't post the worst bits. I know you mostly post the worst bits and it helps
me keep a perspective.. Your opinion & experience are noted and not to be disregarded. Hang in there
RICH.
Aug 11th 2019, 3:14 am
#62
BE Forum Addict
Joined: Mar 2015
Location: NC, USA (ex Yorkshire)
Posts: 4,375
Aug 11th 2019, 9:50 am
#63
Often not so civil...
Joined: Apr 2010
Location: The Boonies, GA
Posts: 9,561
Re: Debt Score
Hey Justin
Don't take it to heart. The fact is it is hard. Most people on here big up their big moments. Some of us just barely get by but don't post the worst bits. I know you mostly post the worst bits and it helps
me keep a perspective.. Your opinion & experience are noted and not to be disregarded. Hang in there
RICH.
Don't take it to heart. The fact is it is hard. Most people on here big up their big moments. Some of us just barely get by but don't post the worst bits. I know you mostly post the worst bits and it helps
me keep a perspective.. Your opinion & experience are noted and not to be disregarded. Hang in there
RICH.
My FICO score was about 600 because of maxed cards.
i finally paid it off, after working every hour I could for a year, just a couple months ago and am now saving for a down payment for a house. FICO score is now 787.
i don’t blame people for their mistakes, but they should pay for them.
Aug 11th 2019, 9:25 pm
#64
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Joined: May 2016
Location: Northern California
Posts: 2,277
Re: Debt Score
I am not suggesting that people don’t make mistakes. Ive been here 6 years, after my divorce 5 years ago I racked up nearly $25k in credit card debt. I paid minimum payments on it for years, I don’t know, and don’t want to think about, how much interest I was paying.
My FICO score was about 600 because of maxed cards.
i finally paid it off, after working every hour I could for a year, just a couple months ago and am now saving for a down payment for a house. FICO score is now 787.
i don’t blame people for their mistakes, but they should pay for them.
Aug 12th 2019, 1:29 am
#65
You aint seen me, right?
Joined: Oct 2005
Location: US of A, TN
Posts: 3,573
Aug 12th 2019, 4:01 am
#66
Lost in BE Cyberspace
Joined: Jan 2006
Location: San Francisco
Posts: 12,865
Aug 12th 2019, 6:28 am
#67
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Location: Northern California
Posts: 2,277
Aug 12th 2019, 10:34 am
#68
Often not so civil...
Joined: Apr 2010
Location: The Boonies, GA
Posts: 9,561
Re: Debt Score
Regularly delinquent, actually
Is it just 30+ lates or 60+/90+? The 30+ will hurt, but a 90+ will devastate your scores.
Aug 12th 2019, 3:42 pm
#69
You aint seen me, right?
Joined: Oct 2005
Location: US of A, TN
Posts: 3,573
Re: Debt Score
Aug 12th 2019, 4:20 pm
#70
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Joined: May 2016
Location: Northern California
Posts: 2,277
Re: Debt Score
Ouch. The worst kind. If you co-signed have you considered contacting the bank and asking them to close the account? Of course this won't help with the outstanding balance, but at least it could not be increased and you would stop the bleeding on your credit.
Is it just 30+ lates or 60+/90+? The 30+ will hurt, but a 90+ will devastate your scores.
Is it just 30+ lates or 60+/90+? The 30+ will hurt, but a 90+ will devastate your scores.
I don't foresee any major expenses. There comes a point when enough is enough.
Does the bank contact you every time to give you the chance to pay before it hits your credit score? It amazes me how people can do that to someone who did them a favour and co-signed for them. I'd go without food before missing a loan payment especially if someone else had co-signed for it.
Probably said more than I intended, but somehow it's therapeutic .
Aug 12th 2019, 4:24 pm
#71
Concierge
Joined: Jan 2013
Location: Western Australia
Posts: 21,139
Re: Debt Score
Aug 12th 2019, 4:48 pm
#72
Lost in BE Cyberspace
Joined: Jan 2006
Location: San Francisco
Posts: 12,865
Re: Debt Score
You are also at risk of stumping up for the card balance if the credit card company decides to pull the plug for payment defaults. Of course, they may simply prefer to keep racking up interest and penalties on his account, knowing they'll likely get their money back from you if need be. I don't envy your situation.
Last edited by Giantaxe; Aug 12th 2019 at 4:59 pm.
Aug 12th 2019, 7:26 pm
#73
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Joined: May 2016
Location: Northern California
Posts: 2,277
Re: Debt Score
You are also at risk of stumping up for the card balance if the credit card company decides to pull the plug for payment defaults. Of course, they may simply prefer to keep racking up interest and penalties on his account, knowing they'll likely get their money back from you if need be. I don't envy your situation.
Aug 13th 2019, 5:26 am
#75
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Location: Northern California
Posts: 2,277
Re: Debt Score
Last edited by johnwoo; Aug 13th 2019 at 5:28 am.