A word of advice!

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Doberman

Doberman

Sicc OG
#1
May 1, 2003
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#1
...to the youngsters. Don't fuck off your credit at a young age. Don't get sucked into these so called "trade schools" that sell dreams of a marvelous career. Those loans are a bitch. Read the fine print on credit card applications. Don't be tricked by "low intrest rates". If I had known then....what I know now...it'd be all grapes. It's easy to fuck up your credit...but a long ass road repairing it. But it's fix-able...just don't put yourself in those positions from the jump...or in too deep of a hole.


Carry on!
 
MOREBASS

MOREBASS

Sicc OG
#5
Dec 9, 2005
11,231
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#5
Good advice...


I remember when I was in high school, they sent me a Capital One with a $200 limit on it...well, I had no job, and no intentions of ever paying for this card, so I used it like an ATM card, taking cash from the machine, charging everything and anything...I don't know how but it got up to like $600, which I didn't pay for like 3 years. Just ignored the calls, and letters.

Bad decision.

Luckily, it was early enough for me to be able to fix it, but yeah, to the youngsters...don't take that shit lightly. My first car had like a 20% interest rate because of my credit.
 
GHP

GHP

Sicc OG
#7
Jul 21, 2002
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#7
So whatschool did you go to? My credit is still really good because i pay all my bills but i'm hanging by a thread. I have a big student loan and like 8 grand in credit card bills from going to school and a big medical bill i had to pay because i had no insurance not to mention the fines and shit i have to pay from the county, I just found out I'm about to have another one as well yippy
 
GHP

GHP

Sicc OG
#10
Jul 21, 2002
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#10
As soon as I stopped paying for my shit on my card I got hit with a buncha bullshit i could only take care of with it like My lady is coming to visit me so I needed to set up a place to stay since shes is allergic to cats (yeah ain't that a bitch) then I got my car impounded over some bullshit so all that shit was like 700 bucks. I hope my lady knows we are eating at taco bell the whole time shes out here lol.

Seems like the only was to take care of this is to re consolidate or get an even bigger home loan or something and put all that shit on the house. I really don't know what to do though really, its a trap they set it up so you have to pay for this kind of shit till your dead
 
GHP

GHP

Sicc OG
#12
Jul 21, 2002
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#12
Since i do have good credit I think i need to see some sort of financial advisor to try to straighten this shit out. I could probably do alot of things i don't know i can do just based offa my credit. My shits good now but i see it going downhill fast. Seems like what they want you to do is have all your finances be a house of cards where everything will be fine as long as nothing happens, with the slight gust of wind it can all crumble. My parents just had to declare bankruptcy i never want to be in that situation
 
B

BigLurch

Sicc OG
#14
Jan 30, 2007
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#14
this is why i dont have, and if i ever get one, i will nearly never use a credit card, materialistic pussy isnt worth the bs, i stick with my debit card and cash, if i cant afford it, that i wont have it, plain and fuckin simple
 
GHP

GHP

Sicc OG
#16
Jul 21, 2002
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#16
BigLurch said:
this is why i dont have, and if i ever get one, i will nearly never use a credit card, materialistic pussy isnt worth the bs, i stick with my debit card and cash, if i cant afford it, that i wont have it, plain and fuckin simple
Click to expand...
its not that simple all the time. This country we live in is pretty much based opon being in debt. If you need a new car are you gonna have 15 grand cash to buy one? no you gotta get a loan same with a house etc. Credit cards are another story though its good to have them for emergencies and special occasions though.

Usually the more wealthy someone is the more debt they have as well, it just goes with the territory. Now if your broke and you have as much debt as a rich dude then you have problems. I have as much debt as anyone my age probably has if not less. I pay my bills so my credit is still good, its just a bitch having to pay them all the damn time. I'm not using my credit cards for shit until I've put a big dent on their balances thats it. I want to be a home owner by the time I'm 30 that gives me a little under 3 years to pull it off
 
GHP

GHP

Sicc OG
#18
Jul 21, 2002
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#18
^its true because once you get those fuckers up high its tough to clear them off I drop like 300 a month on my credit card and the balance doesn't seem to move an inch

My line of credit I'm doing well with though I'm knocking that one off pretty niclet and i owed more on it than the card at one point. I have another credit card I havn't even used once yet and plan to keep it like that. See they want you to have credit cards and retain a balance on them so you can have credit so you can get big loans for businesses and houses thats how the system works. Since I'm with my folks right now I just have to pay as much on them as I possibly can and get the shit over with. Live bummy for a couple months and be done with it. I owe Gz though its a bitch but it has to be done, I'm being responsible by paying them but its not enough I gotta give them like double or even triple what I'm giving them to really pay them off cuz when your balance is high your interest charges are a bitch
 
GHP

GHP

Sicc OG
#20
Jul 21, 2002
16,280
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#20
Whats the deal with those schools? what jobs don't take that shit seriously and you can't get a job or something? You go there to learn shit about computers right doesn't everyone need computer guys? whats up? I'm thinking about going back to school maybe for computers I'm not trying to get screwed over if the shit is overmanned
 
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