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@Anonymous wrote:Lets say I don't care about my FICO score. I want to live on a cash basis. I don't want credit because I tend to overspend anyway. Lets also say I owe a lot of money on credit cards ($100,000) which I cant pay. The calls are coming in, but I am not answering. My plan is to just ignore it, let my fico score plummet, and live on cash the rest of my life. Whats the problem with that?
Not sure how to respond to this one. I guess I should feel terrible since I cant pay my bills. I should feel better if I file bankruptcy? Any way I am beyond that, I am simply trying to learn the repercussion of various options I have.
heirophant wrote:You hit the nail on the head...they have a right to be mad at you for not paying and a right to expect their money back. Remember, companies have the same rights as a person...and a few more, mainly because they affect the lives of their employ. You should feel terrible for not owning up to your obligations and want to make things right. It is the right thing to do.
MinnesotaJ wrote:So you plan on buying a house, auto, and CC's all in her name...using only her income.... I hope you find a loaded spouse who doesn't mind freeloaders.... because you would be freeloading on her credit...Prenup to seperate debt? great for you...she'll be the one with all the debt from the marriage...her car loans...her home loan..her CC's....you could walk out and put her in the same situation you put yourself.Take ownership.If it's just rate jacked APR's killing you....get a dmp they'll get you lower APR's and payments if not stop running away. (running isn't a quality people look for in a relationship)
Message Edited by heirophant on 05-07-2008 10:09 PM
LIGHTNIN wrote:
you said you have a GREAT job then 100k should be NO problem.
have checked your hr dept because most places of employment only allow 3 garnishments,
then you are out of a job.
employers also look at your credit report to see what kind of person you are.
do you what to ruin your chance at a really great job or dream job?
the choice is yours.I cant understand how you can sleep at night?
Message Edited by LIGHTNIN on 05-08-2008 06:06 AM