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Credit Cards Complaint - Bankruptcy!

Review by 17293 on 2009-04-02
OHIO -- If your credit cards are such jerks, just file bankruptcy. My friend did this and it didn't even ruin his credit. You get a clean start and the credit card companies are STUCK. That will show them ;-)
Comments:11 Replies - Latest reply on 2009-04-04
Posted by Anonymous on 2009-04-02:
In what world? Bankruptcy stays on a credit report 7-10 years. Anyone who doesn't bounce back from bankruptcy in record time with substantial income is going to see major consequences from stiffing their creditors.
Posted by Slimjim on 2009-04-02:
Horrible advice. BK is a last resort and has stipulations and consequences. It is not a tool to run up debt and stick the banks. It's people who do this that helped create the problem my tax dollars are bailing out. Big NH.
Posted by spiderman2 on 2009-04-02:
This attitude is what is wrong with this country.
Posted by Principissa on 2009-04-02:
Yup, bankruptcy is the way to go! /end sarcasm.

You do realize that when you file for bankruptcy it stays with you FOREVER! It will show up on a mortgage application, credit card application, any time they run your credit, it will show up. And guess what, that little bankruptcy thing will be the make or break point, if you do get a loan it will have interest rates through the roof. You will have to put down extremely high down payments, you will have to go through flaming hoops to prove to them that you will make good on your payments.

So please, file for bankruptcy. My husband can afford to give more of his money to taxes so that he can bail out more morons who insist on biting off more than they can chew.
Posted by Anonymous on 2009-04-02:
Voted VH. Thanks.
Posted by Anonymous on 2009-04-02:
Does anyone in OHIO have an IQ over 70? You can't charge off CC's anymore and the BK does too tarnish your credit for years!! (NH)

Sorry, DB.
Posted by Anonymous on 2009-04-02:
Bankruptcy will not only ruin your credit, now nowadayys almost all prospective employers run credit checks on job applicants. When that bankruptcy shows up, you can pretty much kiss off that new job you wanted so badly.
Posted by PepperElf on 2009-04-02:
Declare bankruptcy to avoid paying your bills? Yeah that's the adult way to handle things.

1) LIke others have said, it stays on your records forever
2) There are better ways to reduce your debt that don't involve shafting others or destroying your own credit.

Ways to get rid of credit card bills...
1) Stop getting new cards. Resist the temptation now.
2) Take the cards you do owe on and work on a payment plan... Mainly, put as much as you can afford on one, and minimum on the others. Once one is paid off, put all the money you had paying that card off and put it all to the next card, until you're totally paid off.

3) Debit cards will not help your credit. So if you want to use a card that helps your credit, talk to your bank about possibly getting a card that only lets you spend what you have available.

4) Don't spend what you don't have.

5) In fact, call your Credit Card companies up and request they lower your limits too. Yeah they will lower your limit if you ask - if anything that's good just in case your card gets stolen.



But yeah... the best plans to pay off your debt is ... to actually pay your debt and stop accumulating more.
Posted by FoggyOne on 2009-04-03:
AND, don't forget - employers check your credit report before they hire you!! I've been through 2 background investigations (no problem for me) and besides a criminal check they looked at my credit report. I do not agree with it but why should they hire someone who isn't responsible (ie, can't pay their own debts). Bankruptcy is to be used as a last resort.
Posted by Ghost of former member on 2009-04-04:
Voted NH. Thanks anyway.
Posted by Ghost of former member on 2009-04-04:
Too bad they really DON'T make something like this.

http://pics.bikerag.com/Uploads/data/500/258Troll_spray.jpg

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