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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
Posted by Jenious
Member since Apr 2020
753 posts
Posted on 10/8/24 at 9:42 am to
quote:

Tracks.

Boy, wait till she hears about HELOCs


She's someone else's problem now. Not mine.
Posted by Masterag
'Round Dallas
Member since Sep 2014
19556 posts
Posted on 10/8/24 at 9:50 am to
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 by Masterag
'Round Dallas
Member since Sep 2014
19556 posts
Posted on 10/8/24 at 9:52 am to
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 by LemmyLives
Texas
Member since Mar 2019
9953 posts
Posted on 10/8/24 at 9:53 am to
$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.
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 10/8/24 at 9:56 am to
About $200K in school debt and married a girl with another $100kish
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
11187 posts
Posted on 10/8/24 at 10:00 am to
quote:

outside mortgage, cars and student loans I am relatively debt free.


"Outside of everything that's considered debt, I'm debt free."
Posted by SammyTiger
Baton Rouge, LA
Member since Feb 2009
75251 posts
Posted on 10/8/24 at 10:04 am to
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
This post was edited on 10/8/24 at 10:05 am
Posted by danilo
Member since Nov 2008
23247 posts
Posted on 10/8/24 at 10:08 am to
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 by Bonkers119
Baton Rouge
Member since Dec 2015
11187 posts
Posted on 10/8/24 at 10:11 am to
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 by JimTiger72
Member since Jun 2023
11349 posts
Posted on 10/8/24 at 10:13 am to
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 by Weekend Warrior79
Member since Aug 2014
18990 posts
Posted on 10/8/24 at 10:54 am to
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 by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
74911 posts
Posted on 10/8/24 at 10:58 am to
12k of credit card debt.
Posted by 777Tiger
Member since Mar 2011
82673 posts
Posted on 10/8/24 at 11:09 am to
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 by BottomlandBrew
Member since Aug 2010
28339 posts
Posted on 10/8/24 at 11:19 am to
$3.5 million loan to expand my company.
Posted by Tantal
Member since Sep 2012
17612 posts
Posted on 10/8/24 at 11:22 am to
About $6K in medical debt that the hospital put on an interest-free payment plan.
Posted by Packer
IE, California
Member since May 2017
8400 posts
Posted on 10/8/24 at 11:25 am to
Took out a loan for two rounds of IVF, which didn't work. It was around $25k
Posted by 777Tiger
Member since Mar 2011
82673 posts
Posted on 10/8/24 at 11:31 am to
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 by Bryno1960
Off River Road
Member since Aug 2013
2908 posts
Posted on 10/8/24 at 11:33 am to
Student Loans
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
35168 posts
Posted on 10/8/24 at 11:42 am to
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 by Bayou_Tiger_225
Third Earth
Member since Mar 2016
11632 posts
Posted on 10/8/24 at 11:49 am to
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
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