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re: Besides a mortgage and car notes, what's the most amount of debt you've been in?
Posted on 10/8/24 at 9:42 am to TheFlyingTiger
Posted on 10/8/24 at 9:42 am to TheFlyingTiger
quote:
Tracks.
Boy, wait till she hears about HELOCs
She's someone else's problem now. Not mine.
Posted on 10/8/24 at 9:50 am to AwgustaDawg
quote:
I never had another human being as concerned about my health and personal well being as that bank president where I had the line of credit. He would call me out of the blue or cross the street to ask if I was doing ok or needed anything. It was unsecured. He tried to secure it several times over the years but I managed to keep it a simple unsecured line for nearly 14 years. My wife and kids love me, or at least pretend to, but they have never expressed as much concern about me as that bank president did. If you want a true friend, one who is truly concerned that you live a long time and are satisfied with your life and unlikely to lose your shite and skip town find a banker dumb enough to extend you a million dollar line of credit on nothing more than your signature. That poor bastard will be better than a dog.....
Never forget that the money they loan out to you doesn't actually exist before they loan it to you, that they did nothing to earn it but loan out fake money to others and they only have a legit 10 at stake in any given transaction, and that they won't hesitate to take 100% of your real assets.
Posted on 10/8/24 at 9:52 am to Zapps4Life
quote:
She called it off and kept the ring.
you should have took that bitch to court. i don't know how dudes can abide by this shite. a woman should never think that she could just pull some shite like this off and get away scot free.
Posted on 10/8/24 at 9:53 am to Jenious
$55k of credit card debt on me. Ex wife like to spend money that was being saved for our $20k+ property tax bill, which resulted in paying those taxes on cards, with promises that the belt would be tightened in the spring, recycle repeat for six years.
We’d started off paying cash for the wedding, and it went downhill quickly.
We’d started off paying cash for the wedding, and it went downhill quickly.
Posted on 10/8/24 at 9:56 am to Jenious
About $200K in school debt and married a girl with another $100kish
Posted on 10/8/24 at 10:00 am to SammyTiger
quote:
outside mortgage, cars and student loans I am relatively debt free.
"Outside of everything that's considered debt, I'm debt free."
Posted on 10/8/24 at 10:04 am to Bonkers119
I can sell my house and cars if I need too. I have equity in all of them.
Thats different than 30k on a credit card.
Clearly not all debt is equal
Thats different than 30k on a credit card.
Clearly not all debt is equal
This post was edited on 10/8/24 at 10:05 am
Posted on 10/8/24 at 10:08 am to Hopeful Doc
quote:
Hopeful Doc
quote:
About $200K in school debt and married a girl with another $100kish
Hope you do become a Doc … you’ll need it (unless you married rich)
Posted on 10/8/24 at 10:11 am to SammyTiger
Yeah that’s true. You have liquidity there if you absolutely needed it. Credit card debt is the worse debt to have. My wife and I have $0. If we can’t afford it, we don’t get it.
Posted on 10/8/24 at 10:13 am to Masterag
quote:
you should have took that bitch to court. i don't know how dudes can abide by this shite. a woman should never think that she could just pull some shite like this off and get away scot free.
Legally it’s probably pretty difficult to reclaim something given as a “gift” for an engagement/proposal
Posted on 10/8/24 at 10:54 am to Jenious
I recently maxed out a 7(a) loan to buy an existing business, going to be a stressful 7-10 years to set me up for the rest of my life.
Posted on 10/8/24 at 11:09 am to Bonkers119
quote:
Yeah that’s true. You have liquidity there if you absolutely needed it. Credit card debt is the worse debt to have. My wife and I have $0. If we can’t afford it, we don’t get it.
smart strategy, sounds simple but a lot of folks don’t have the discipline, my wife wants us to charge everything on a certain cc to get airline miles but we pay it off immediately
Posted on 10/8/24 at 11:19 am to Jenious
$3.5 million loan to expand my company.
Posted on 10/8/24 at 11:22 am to Jenious
About $6K in medical debt that the hospital put on an interest-free payment plan.
Posted on 10/8/24 at 11:25 am to Jenious
Took out a loan for two rounds of IVF, which didn't work. It was around $25k
Posted on 10/8/24 at 11:31 am to Packer
quote:
Took out a loan for two rounds of IVF, which didn't work. It was around $25k
had a buddy that went through that with his wife, when the next round was going to put them up around 50K he asked her if she'd just rather have a new Corvette , he thought it was funny, she did not
Posted on 10/8/24 at 11:42 am to Jenious
Borrowed 8k from my parents shortly after buying my house because I had to replace the roof on a shorter timeline than expected, paid it off in 3 months.
Posted on 10/8/24 at 11:49 am to Jenious
I had a 2K medical bill left over from what insurance didn’t cover. I put it on an interest free payment plan because that’s what they allowed. I could have paid it off immediately, but no point when they offered interest free payments
So technically 2k
So technically 2k
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