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Newsjock (1000+ posts) Send PM | Profile | Ignore | Wed Oct-29-08 11:16 PM Original message |
Groups seek relief for credit card debtors (up to 40% forgiveness) |
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Kaleko (1000+ posts) Send PM | Profile | Ignore | Wed Oct-29-08 11:27 PM Response to Original message |
1. Pinch me. Am I dreaming?? |
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buddysmellgood (1000+ posts) Send PM | Profile | Ignore | Wed Oct-29-08 11:39 PM Response to Original message |
2. I hope that's joke. I don't think people use credit cards like home loans. |
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WCGreen (1000+ posts) Send PM | Profile | Ignore | Wed Oct-29-08 11:43 PM Response to Reply #2 |
3. Or paid taxes on the amount that was forgiven... |
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chalky (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:09 AM Response to Reply #3 |
6. "trips to Cancun every other month" is a little extreme |
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buddysmellgood (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:18 AM Response to Reply #6 |
10. I'm with you there. I'm not saying there is nothing to be done, I just would like |
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Newsjock (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:22 AM Response to Reply #10 |
13. And as these comments clearly point out |
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buddysmellgood (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:28 AM Response to Reply #13 |
15. Indeed, so for starters, healthcare. |
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WCGreen (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 02:11 AM Response to Reply #6 |
19. Freeze the credit debt where it is, charge a realistic rate of interest |
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DearAbby (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 04:37 PM Response to Reply #19 |
38. I agree with this.....lower interest rates |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 06:28 PM Response to Reply #19 |
39. you can't write off medical expenses like that |
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NashVegas (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 06:55 PM Response to Reply #6 |
43. I Finally Broke Down and Got Credit Cards a Year Ago - Just To Build Up a Report |
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Oldtimeralso (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:21 AM Response to Reply #3 |
12. Trips to Cancun, my ass! |
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chalky (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:30 AM Response to Reply #12 |
16. I hear you, bro...see my post #6. |
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WCGreen (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 02:09 AM Response to Reply #12 |
18. See I was in that same situation, disabling illness, loss of job... |
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eilen (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 07:28 AM Response to Reply #18 |
22. I think that lowering the interest rate to a reasonable |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 06:32 PM Response to Reply #18 |
40. forgiven debt IS recognized as income |
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liberalhistorian (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 09:31 AM Response to Reply #12 |
27. Amen! Hell, they're |
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liberalhistorian (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 09:26 AM Response to Reply #3 |
26. I'm sorry, but that's bullshit. My parents had to use |
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Lydia Leftcoast (1000+ posts) Send PM | Profile | Ignore | Wed Oct-29-08 11:44 PM Response to Reply #2 |
5. People didn't necessarily "misuse" credit cards |
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buddysmellgood (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:21 AM Response to Reply #5 |
11. Very true, but lets find a way to help those people before buying dinner, an HDTV and god |
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liberalhistorian (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 09:35 AM Response to Reply #11 |
28. And many people used their HELOC'S |
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buddysmellgood (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 01:50 PM Response to Reply #28 |
34. HELOC deserve scrutiny too, but the "crisis" was not formed largely from HELOC abuse. |
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ET Awful (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 05:35 AM Response to Reply #2 |
20. Okay, put yourself in this situation . . . . |
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buddysmellgood (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 01:55 PM Response to Reply #20 |
35. Yes! As a said in another post. Any benefit given for credit cards needs careful scrutiny. |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 06:37 PM Response to Reply #20 |
41. you ARE mistaken, the average credit card debt is $2K |
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ET Awful (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 05:59 AM Response to Reply #41 |
47. Fine, go with that figure if you want to, but the fact remains . . . |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Sat Nov-01-08 09:10 PM Response to Reply #47 |
57. with this point i agree |
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Orangepeel (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 12:34 AM Response to Reply #2 |
46. correct me if I'm wrong, but I don't think they'd get a break on the amount they purchased |
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medeak (1000+ posts) Send PM | Profile | Ignore | Wed Oct-29-08 11:43 PM Response to Original message |
4. bullshit n/t |
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whoneedstickets (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:10 AM Response to Original message |
7. Dang, I have a balance of 0, time to run it up!! |
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adarling (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:12 AM Response to Reply #7 |
9. you are the new rich person now |
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whoneedstickets (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:26 AM Response to Reply #9 |
14. I am very lucky.. |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 03:59 PM Response to Reply #9 |
37. I have been preaching this to my 19 year old college student. |
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adarling (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 12:11 AM Response to Original message |
8. I am all for my ass getting my debt reduced |
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liberalhistorian (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 09:37 AM Response to Reply #8 |
29. I'm sorry, but I'm gonna make sure my family |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 01:13 AM Response to Original message |
17. Chances are 40% of the their "debt" |
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Lydia Leftcoast (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 08:45 AM Response to Reply #17 |
25. Exactly! |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 06:06 AM Response to Original message |
21. wow- what a sucker i am, paying my credit card bills off every month... |
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Lydia Leftcoast (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 01:38 PM Response to Reply #21 |
33. Not everyone can pay off their bills in full every month, even if they want to |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 12:20 AM Response to Reply #33 |
45. you get the new radiator, and then pay it off asap...even if that means cheese sandwiches.. |
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Lydia Leftcoast (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 07:09 AM Response to Reply #45 |
49. It's nice that you're so knowledgeable and have never had |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 08:55 AM Response to Reply #49 |
54. i've definitely had cascading disasters... |
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Scout (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 08:29 AM Response to Reply #45 |
51. and if someone is already eating cheese sandwiches, and doesn't go out? |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 08:54 AM Response to Reply #51 |
53. if people can't pay the balance, they shouldn't use the card. |
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Lydia Leftcoast (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 01:20 PM Response to Reply #53 |
55. Yeah, except when you have an emergency |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Sat Nov-01-08 08:53 PM Response to Reply #55 |
56. and then you pay it off as quickly as you can- generally by curtailing discretionary spending. |
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Courtesy Flush (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 07:34 AM Response to Original message |
23. I'd have to see their CC statements first. |
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droidamus2 (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 07:48 AM Response to Original message |
24. Different ideas |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 09:54 AM Response to Original message |
30. I think this is what they are going to have to do if they want consumers to start spending again. |
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hedgehog (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 10:00 AM Response to Original message |
31. The discussion of identifying worthy creditors from spendthrifts misses the point; |
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Hugin (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 10:03 AM Response to Reply #31 |
32. Well said. |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 03:45 PM Response to Reply #31 |
36. I disagree. |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 06:46 PM Response to Reply #36 |
42. well you can disagree all you like, the facts are otherwise |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Thu Oct-30-08 08:51 PM Response to Reply #42 |
44. Again |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 06:04 AM Response to Original message |
48. Much of this credit card business is entrapment . . . interest way out of hand . . . |
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Eurobabe (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 07:23 AM Response to Original message |
50. Let's jumpstart that ECONOMY!! WOOHOO nt |
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Scout (1000+ posts) Send PM | Profile | Ignore | Fri Oct-31-08 08:34 AM Response to Original message |
52. i'd be happy to pay off what i've actually charged at the interest rate i agreed to |
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MilesColtrane (1000+ posts) Send PM | Profile | Ignore | Sun Nov-02-08 07:57 PM Response to Original message |
58. Didn't the bankruptcy laws use to allow a form of forgiveness before they were changed in 2005? |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Sun Nov-02-08 11:55 PM Response to Original message |
59. This thread is unbelievable - just end usury, already... |
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