Getting out of CC debt..
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From: Berkeley
Originally Posted by Dizings2k,Jun 14 2007, 04:57 AM
Her getting another job is not really a feasible option. She works 5 days a week as a hair stylist. Her working another 2 would just make our townhouse look like sh!t inside and I wouldnt have a cooked meal. 
Besides, Her working 8 days per month at minimum wage somewhere wouldnt even pay the minimum payment. 
Besides, Her working 8 days per month at minimum wage somewhere wouldnt even pay the minimum payment.
Joined: Feb 2007
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From: NY, NY
Continue to make the payments on time for the next 6 months and call them to get the APR reduced or back to where it once was. Be ready to provide a reason as to why the payment was missed.
Don't transfer cc debt to another cc. Revolving debt stays on your credit report for a while.
Don't transfer cc debt to another cc. Revolving debt stays on your credit report for a while.
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From: Ocala, FL
Originally Posted by Project22a,Jun 13 2007, 11:17 PM
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From: Ocala, FL
Originally Posted by Dizings2k,Jun 14 2007, 08:57 AM
Besides, Her working 8 days per month at minimum wage somewhere wouldnt even pay the minimum payment.
8 days x 8 hours = 64 hours of work
64 hours x $7.15 = $457.60
$4,000 / $457 = 9 months (depending on tax withheld) to pay off her whole CC
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From: Orange County
First of all, the most important question.... how the hell do you spend $4k at Walmart?! That's like... furniture for two homes. 
Seriously though, if she has decent credit she'll be able to get a card with a MUCH lower rate. If her credit isn't good enough for that, she doesn't have much choice but to either live with the debt, sell something, or get a part-time job.
Seriously though, if she has decent credit she'll be able to get a card with a MUCH lower rate. If her credit isn't good enough for that, she doesn't have much choice but to either live with the debt, sell something, or get a part-time job.
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From: Doh!!
[QUOTE=Dizings2k,Jun 14 2007, 04:57 AM] What are some options to get away from this 25% interest rate? At this point I cant afford to make more than the minimum payment to even eat away that the principal alittle bit.
Her getting another job is not really a feasible option. She works 5 days a week as a hair stylist. Her working another 2 would just make our townhouse look like sh!t inside and I wouldnt have a cooked meal.
Her getting another job is not really a feasible option. She works 5 days a week as a hair stylist. Her working another 2 would just make our townhouse look like sh!t inside and I wouldnt have a cooked meal.
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From: Scatterbrainia
It sounds like you two are in this together. Are you living together? You have a shared bank account? Well then it's obviously too late for you to cut and run.
So your GF cooks and cleans for you, owes $4000, and yet you have two cars and a bike? No offense, but that seems rather irresponsible. If I were you, first thing I'd do is sell one of my toys to help her/you both out. Second thing I'd do is look long and hard at why I couldn't figure that out without help from strangers on the internet.
So your GF cooks and cleans for you, owes $4000, and yet you have two cars and a bike? No offense, but that seems rather irresponsible. If I were you, first thing I'd do is sell one of my toys to help her/you both out. Second thing I'd do is look long and hard at why I couldn't figure that out without help from strangers on the internet.
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From: Erock's my boat!
Originally Posted by S2020,Jun 14 2007, 01:07 AM
Dizing, you don't have $4K in the bank yet you have all those "toys" in your sig?
2003 S2000 = $15,000
1998 Jeep = $7,000
2006 CBR = $5,000
total = $27,000
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Joined: Jun 2003
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From: Johnstown, PA
LOL - 2006 CBR 1000RR - $11,499
1998 Grand Chero - $5000 + $10k in mods - $15,000
2003 S2000 bought in 05 for $26,000
We are in it together. We live together, have been together for 4 years. Living for 2 yrs.
Im not going to sell my toys because not one penny of that CC is mine. Im not giving up the things I work hard for for that. Especially because she hid it from me until now.
I can afford over and above the minimum payment. Just not enough to make any kind of dent in the balance.
1998 Grand Chero - $5000 + $10k in mods - $15,000
2003 S2000 bought in 05 for $26,000
We are in it together. We live together, have been together for 4 years. Living for 2 yrs.
Im not going to sell my toys because not one penny of that CC is mine. Im not giving up the things I work hard for for that. Especially because she hid it from me until now.
I can afford over and above the minimum payment. Just not enough to make any kind of dent in the balance.