My credit card debts were settled

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[ARCHIVED THREAD] - My credit card debts were settled (Page 1 of 4)

Posted: 2/23/2006 5:24:52 PM EDT

I owed $7,000 on my Chase MC , and $6,000 on my B of A VISA. Well, I hadn't been making payments for 6 months, and so I get a call from collection agencies. They said, if I pay them $4900 for Chase, and $3800 for B of A, then they will write off the rest and call my accounts settled. So, I borrowed money from a friend, and paid off those two accts.

I thought I would be in serious trouble for not paying the minimum for so long, but it actually worked out for the better.

Posted: 2/23/2006 5:25:54 PM EDT

[#1]

Oh this will get good.

[munching popcorn]

Posted: 2/23/2006 5:26:00 PM EDT

[#2]

It still ruined your credit though

Posted: 2/23/2006 5:26:25 PM EDT

[#3]

okay.

Posted: 2/23/2006 5:26:59 PM EDT

[#4]

that cuz collections bought them at .50 on the dollar
they are making out pretty good too
meanwhile someone else in the world is paying a extra 2-4% to cover your no pay ass

Posted: 2/23/2006 5:27:18 PM EDT

[#5]

Quoted:
Oh this will get good.

[munching popcorn]

Shuddup and pass the popcorn...scoot over.

Posted: 2/23/2006 5:28:10 PM EDT

[#6]

Quoted:
It still ruined your credit though

Not as bad as declaring bankruptcy.

Posted: 2/23/2006 5:28:11 PM EDT

[#7]

According to the IRS, the forgiven portion of your debt is income and must be declared as such.

Posted: 2/23/2006 5:28:38 PM EDT

[#8]

What friend would loan you that kind of money and actually think you'll pay them back??

Posted: 2/23/2006 5:29:48 PM EDT

[#9]

Quoted:
What friend would loan you that kind of money and actually think you'll pay them back??

A long-time friend who did well for himself, and I WILL pay him back, if I have to work graveyard security at some seedy Las Vegas motel to do it.

Posted: 2/23/2006 5:29:58 PM EDT

[#10]

Quoted:
According to the IRS, the forgiven portion of your debt is income and must be declared as such.

I think that is actually up to the lender, whether they issue a 1099M or not. Then again, they may have to in order to write off the debt.

Posted: 2/23/2006 5:31:13 PM EDT

[#11]

Maybe God will only settle for 40 years on the 75 for you. Sounds fair.

Kidding a bit, but your promise to pay fu is weak.

Posted: 2/23/2006 5:31:16 PM EDT

[#12]

Quoted:
Quoted:
What friend would loan you that kind of money and actually think you'll pay them back??

A long-time friend who did well for himself, and I WILL pay him back, if I have to work graveyard security at some seedy Las Vegas motel to do it.

Then why didn't you do that to pay the credit.......aww shit, never mind I'm not going there

Posted: 2/23/2006 5:32:26 PM EDT

[#13]

So now you just admitted publicly that you're a thief. Nice work

Posted: 2/23/2006 5:32:48 PM EDT

[#14]

Quoted:
Quoted:
Quoted:
What friend would loan you that kind of money and actually think you'll pay them back??

A long-time friend who did well for himself, and I WILL pay him back, if I have to work graveyard security at some seedy Las Vegas motel to do it.

Then why didn't you do that to pay the credit.......aww shit, never mind I'm not going there

Because the collection agencies wanted the settlement money NOW, or they threatened to take me to court.

Posted: 2/23/2006 5:33:40 PM EDT

[#15]

Quoted:
So now you just admitted publicly that you're a thief. Nice work

Thief of what?

The forgiven amount was the exhorbitant interest the credit card companies were charging anyway.

Posted: 2/23/2006 5:33:48 PM EDT

[#16]

Quoted:
Quoted:
Oh this will get good.

[munching popcorn]

Shuddup and pass the popcorn...scoot over.

I got Sno Caps....

Posted: 2/23/2006 5:33:52 PM EDT

[#17]

Quoted:
Quoted:
It still ruined your credit though

Not as bad as declaring bankruptcy.

Not by much....

Posted: 2/23/2006 5:34:47 PM EDT

[#18]

Quoted:
Quoted:
Oh this will get good.

[munching popcorn]

Shuddup and pass the popcorn...scoot over.

I'm gonna grab a beer. You guys want one?

Posted: 2/23/2006 5:34:48 PM EDT

[#19]

good work. hinking.gif

Posted: 2/23/2006 5:35:40 PM EDT

[#20]

Excellent job escaping your responsibility and obligation to pay.

Posted: 2/23/2006 5:37:07 PM EDT

[#21]

Quoted:
Excellent job escaping your responsibility and obligation to pay.

In their eyes, I PAID.

There are a lot worse cases out there $100K debts, and the people evade for years.

Posted: 2/23/2006 5:37:59 PM EDT

[#22]

Pass the popcorn plz.

Posted: 2/23/2006 5:38:05 PM EDT

[#23]

Is there any room left on the couch? I brought some extra beer. Pass the popcorn

Posted: 2/23/2006 5:39:08 PM EDT

[#24]

Hot topic of late - check
Thread started to ruffle some feathers - check
Ahhhh

Posted: 2/23/2006 5:39:19 PM EDT

[#25]

Quoted:
Quoted:
Excellent job escaping your responsibility and obligation to pay.

In their eyes, I ~~PAID.~~ SETTLED

There are a lot worse cases out there $100K debts, and the people evade for years.

FIXT

Posted: 2/23/2006 5:39:22 PM EDT

[#26]

Chips and salsa anyone?

Posted: 2/23/2006 5:39:45 PM EDT

[#27]

Quoted:
Quoted:
Excellent job escaping your responsibility and obligation to pay.

In their eyes, I PAID.

There are a lot worse cases out there $100K debts, and the people evade for years.

In their eyes you screwed them over which in turn screwed up your credit

Posted: 2/23/2006 5:40:03 PM EDT

[#28]

Quoted:
Quoted:
Excellent job escaping your responsibility and obligation to pay.

In their eyes, I PAID.

There are a lot worse cases out there $100K debts, and the people evade for years.

Did you pay the amount you charged?

No?

Then you didn't pay.

Thanks for playing though.

Posted: 2/23/2006 5:40:12 PM EDT

[#29]

Quoted:
Quoted:
So now you just admitted publicly that you're a thief. Nice work

Thief of what?

The forgiven amount was the exhorbitant interest the credit card companies were charging anyway.

YOU agreed to pay that exhorbitant amount of interest when you entered into an agreement with them. If you had paid your balance in full every month there would be NO interest owed.
Now, seriously, what was the CC money spent on? Toys or neccesities? With almost every person I have known in CC debt, almost all the money was spent on toys.

Posted: 2/23/2006 5:40:48 PM EDT

[#30]

Quoted:
Quoted:
Quoted:
Excellent job escaping your responsibility and obligation to pay.

In their eyes, I ~~PAID.~~ ~~SETTLED~~ weaseled my way out of paying

There are a lot worse cases out there $100K debts, and the people evade for years.

FIXT

Fixed.

Posted: 2/23/2006 5:40:57 PM EDT

[#31]

How did you run up 13K on credit cards?

Posted: 2/23/2006 5:41:47 PM EDT

[#32]

I can't believe you people feel sorry for the credit card companies. It's not like I committed insurance fraud.

Posted: 2/23/2006 5:42:19 PM EDT

[#33]

WMW,

The thing is you don't get that people judge by your word. When you get right down to it, it is ALL you really have.

I'm not one to preach, but this is a huge blunder. First by breaking your word to pay the CC company back and second by coming here and bragging about it.

I'm don't want to rag ya man.......but you are going to get a lot of well deserved shit by posting this.

Posted: 2/23/2006 5:42:49 PM EDT

[#34]

Quoted:
I can't believe you people feel sorry for the credit card companies. It's not like I committed insurance fraud.

I dont feel sorry for cc companies, I feel sorry for those who can't be trusted and then brag about it on a internet forum

Posted: 2/23/2006 5:43:13 PM EDT

[#35]

You do realize that the collections will still show up on your credit report for 7 years and that they will have a note attached saying that you settled the debt for the less then the amount owed don't you? You will need to check your credit report in a couple of months and make sure those accounts show up as paid off. Just because the collection company says they will take care of it doesn't mean they will. I went through this with doctor bills after my insurance company screwed me and payed nothing on $16,000 in medical bills. It will knock your credit score down pretty good but it won't prevent you from buying things like a vehicle or a house...unless the credit agency doesn't report it as paid.

Posted: 2/23/2006 5:43:15 PM EDT

[#36]

Would you feel differently if you went to the local ma and pa store, ran up a store tab to $13K and then "settled" with them for the same amount?

Posted: 2/23/2006 5:43:24 PM EDT

[#37]

Quoted:
Quoted:
So now you just admitted publicly that you're a thief. Nice work

Thief of what?
The forgiven amount was the exhorbitant interest the credit card companies were charging anyway.

Someone pointed a gun to your head and MADE you buy all that shit on your credit cards, right?
It's not your fault, you're just a VICTIM in this credit card global conspiracy.

It's the credit cards fault you went into debt, just like it's the spoons fault that Rosie Odonnell is fat.

Posted: 2/23/2006 5:44:07 PM EDT

[#38]

Hey I put too much salt on this popcorn.......pass one of those beers, please.

Posted: 2/23/2006 5:44:17 PM EDT

[#39]

Quoted:
Quoted:
I can't believe you people feel sorry for the credit card companies. It's not like I committed insurance fraud.

I dont feel sorry for cc companies, I feel sorry for those who can't be trusted and then brag about it on a internet forum

High and mighty aren't we.

I was laid off for a while and had no means to support myself. And I'm not too proud to work low jobs either. Had to pay COBRA (health insurance premium of $400 a month) because of an illness.

Posted: 2/23/2006 5:44:17 PM EDT

[#40]

Quoted:
Quoted:
Quoted:
Oh this will get good.

[munching popcorn]

Shuddup and pass the popcorn...scoot over.

I'm gonna grab a beer. You guys want one?

Yeah, I'm getting dry over here. Want some Milk Duds?

Posted: 2/23/2006 5:45:50 PM EDT

[#41]

Quoted:
Quoted:
Quoted:
Oh this will get good.

[munching popcorn]

Shuddup and pass the popcorn...scoot over.

I'm gonna grab a beer. You guys want one?

Posted: 2/23/2006 5:45:53 PM EDT

[#42]

Raisinettes or Goobers?

I brought both...

Posted: 2/23/2006 5:46:09 PM EDT

[#43]

I buy a lotta shit with my CC(s), especially toys I dont really need, but I always make double the payment due and dont let myself get carried away. They in turn drop the interest rate every so often and raise the credit limit to tempt me.

All you gotta do is pay them like you agreed to when you got the card, and there is nothing to worry about.

Posted: 2/23/2006 5:46:11 PM EDT

[#44]

Quoted:
Quoted:
What friend would loan you that kind of money and actually think you'll pay them back??

A long-time friend who did well for himself, and I WILL pay him back, if I have to work graveyard security at some seedy Las Vegas motel to do it.

~~then why didn't you do that to pay the credit card bills?~~

shit, nevermind, talking about responsibility to a person like you is a waste of time.

someone get me a beer too?

Posted: 2/23/2006 5:46:37 PM EDT

[#45]

Quoted:
Quoted:
Quoted:
Quoted:
Oh this will get good.

[munching popcorn]

Shuddup and pass the popcorn...scoot over.

I'm gonna grab a beer. You guys want one?

Yeah, I'm getting dry over here. Want some Milk Duds?

Milk Duds......lmao.

Posted: 2/23/2006 5:47:34 PM EDT

[#46]

Quoted:
Raisinettes or Goobers?

I brought both...

Pass the Raisinettes.

Anyone got a Coke?

Posted: 2/23/2006 5:48:29 PM EDT

[#47]

OKAY!! OKAY!!

I spent it on HOOKERS and BLOW!!!

Are ye happy now???

Posted: 2/23/2006 5:50:20 PM EDT

[#48]

I've got Coke, ill trade you for some extra Milk Duds.

Posted: 2/23/2006 5:50:40 PM EDT

[#49]

I mean, if I was a hot girl, I'd do porn to pay it off, okay?

But nobody pays that kind of money to see ugly White guy.

Posted: 2/23/2006 5:51:03 PM EDT

[#50]

If you didn't pay the debts you racked up you are a theif, and besides that an idiot for running up consumer debt anyway. It doesn't matter if the vicitim is a CC company. You are no better than a f'n pan handler.

Not that that is off my chest I need to go download some music off of Kazaa

[ARCHIVED THREAD] - My credit card debts were settled (Page 1 of 4)

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