Bankrupcy

i dont want a credit card but am seeing it as a good thing if you dont go overboard. only problem it will only be good if i can file bankruptcy again while on disability, but only if i go fucken nuts and get so far forward i no i cant get back.

tell me has anyone bought a house without ever having a credit card?

I did X2 just find a home owner that wants to finance it for you, they get all the money and ZIP for the bank..
Wouldn't do it unless your good at home repair, you might need them.

can you just use you tube and read do it youself books? along with watching others. i watched the dude do my sink and the only thing i would have left out was the teflon tape. but would have needed it in the long run. but it literally was unscrew this and put this in its place and screw it back in. i know im going to need repairs just trying to find the easiest way. as for taxes and the different chapters i wont get my tax return in time from leaving this place. but i have till like april to complain. i will put my forward in but it still takes a couple of weeks to take effect.

guy incognito said:

I know there are extenuating circumstances, and big medical bills are certainly one of them, but the rest of you sound like dead beats. Just like when I see the commercials for tax relief. "If you owe over $10,000 to the IRS call us now..." it makes me sick to see those commercials. I get so angry at those people. How the fuck do you owe that much money to the IRS? and why should you get a break because you didn't pay your taxes in full and on time like I did? I was responsible and did what I was legally required to do, so fuck me, meanwhile you didn't pay your debts and now you essentially get free money for it?

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Mine was due to medical bills, and with a former wife. Just got overwhelmed with bills and lousy insurance with my son needing surgery on his kidney at 3 months old. Don't see how it makes us deadbeats. That being said, my lawer for it told me he has some clients he does see every 7 years.

guy incognito said:

I know there are extenuating circumstances, and big medical bills are certainly one of them, but the rest of you sound like dead beats. Just like when I see the commercials for tax relief. "If you owe over $10,000 to the IRS call us now..." it makes me sick to see those commercials. I get so angry at those people. How the fuck do you owe that much money to the IRS? and why should you get a break because you didn't pay your taxes in full and on time like I did? I was responsible and did what I was legally required to do, so fuck me, meanwhile you didn't pay your debts and now you essentially get free money for it?

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My wife and I have 790 FICO scores and have never missed a payment on anything. The banks, through THEIR greed, and unscrupulous lending practices, have erased our equity and put us underwater about $140,000. The banks have taken our money in the form of bailouts. Every home that gets foreclosed on, WE the taxpayer subsidize the banks' loss. The system is stacked against good folks like you and me. They count on us being "moral" while they are not. They pay no taxes, but take our money. who, really, is the f'in deadbeat?

You can keep being a naive lemming, or do what THEY do and walk away from bad investments (made bad by the banks, and no fault of your own). Credit cards are a huge ripoff. The ultra wealthy rigged the game. When they fail, they get bailouts. Where's the disgrace, and uproar?

I'm at the crossroads, myself.

This is how: You own an LLC with 4 partners. Whatever partner is responsible for filing taxes doesn't for, say, 4 years. The IRS says that for every month that you don't file you owe $89 per partner. 4X12X4X$89=$17,088. The IRS doesn't care which of the partners pays, but someone is going to pay. They don't divvy it up so much per partner.

Those companies are awful and they basically scare people out of their funds.

guy incognito said:

I know there are extenuating circumstances, and big medical bills are certainly one of them, but the rest of you sound like dead beats. Just like when I see the commercials for tax relief. "If you owe over $10,000 to the IRS call us now..." it makes me sick to see those commercials. I get so angry at those people. How the fuck do you owe that much money to the IRS? and why should you get a break because you didn't pay your taxes in full and on time like I did? I was responsible and did what I was legally required to do, so fuck me, meanwhile you didn't pay your debts and now you essentially get free money for it?

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That happened to a friend of mine to the tune of $237,000.

I have to admit, at first I was like ... Who in the world racks up that much money in debt? Then to walk away owing nothing. Then I read on ....

Banks, corporations and the 1% have so many loopholes, that there are loopholes for the loopholes. I can see where someone with medical debt, and then the ones that tried to acquire a home using credit cards (agreed that those are a major scam set by the financial institutions). I guess I am just old school ... If I cannot pay for it in cash, I guess I just do not need it that bad. (Outside of everyday vehicles needed to gainfully work).

Just my .02 worth in a declining economy

OMG! It pays to stay on top of your taxes.

ClaytonBigsby said:

That happened to a friend of mine to the tune of $237,000.

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We have loopholes too, they're called Silk Stocking Lawyers. High-end lawyers are worth every penny.

maineyankee said:

I have to admit, at first I was like ... Who in the world racks up that much money in debt? Then to walk away owing nothing. Then I read on ....

Banks, corporations and the 1% have so many loopholes, that there are loopholes for the loopholes. I can see where someone with medical debt, and then the ones that tried to acquire a home using credit cards (agreed that those are a major scam set by the financial institutions). I guess I am just old school ... If I cannot pay for it in cash, I guess I just do not need it that bad. (Outside of everyday vehicles needed to gainfully work).

Just my .02 worth in a declining economy

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Yeah Yank, the rules have changed. You need to be ahead of the game now or you will lose.

I can't imagine in the US how prevelant bankrupcy is due to all the hospital bills at unexpected times

good no card for me