Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum ยป More General Categories ยป Misc. ยป need help getting out of Debt. Dun goofed it up bad. (pic)
  1. Results 31 to 60 of 131
  2. Page 2 of 5
  3. First
  5. 1
  6. 2
  7. 3
  8. 4
  10. Last

Thread: need help getting out of Debt. Dun goofed it up bad. (pic)

post 1440801111 05-07-2016, 06:08 PM
-
#31
  1. User5664
  2. Registered User
  1. User5664
  2. Registered User
  3. Join Date: Jan 2016
  4. Age: 32
  5. Posts: 445
  6. Rep Power: 670
Originally Posted By menseks⏩
You blame ur friend for the 2k, but what about the other 7k? I assume ur single, but who racks up 7k in a month?
I lost my job had a little CC debt. Got really depressed for a few months and just ended racking it up, thought I would get another job really soon but oil tanked
post 1440803131 05-07-2016, 06:23 PM
-
#32
  1. cphunter70
  2. Amazon Brah
  1. cphunter70
  2. Amazon Brah
  3. Join Date: Jul 2010
  4. Posts: 3,494
  5. Rep Power: 64596
- put your CC away or cut them in half
- make a budget and use debit only
- Make minimum payments on CC for now
- ask for payment plan on tickets
- pay tickets off
- focus on one card at a time. Start with the lowest balance one
- pay the minimum on rest of CC while you pay one card off at a time.
- repeat
- OP is now debt free
**Los Angeles Misc Crew**
*INFJ Crew*
post 1440803571 05-07-2016, 06:27 PM
-
#33
  1. Jibt3ch
  2. Mirin '03 Chad avatar??
  1. Jibt3ch
  2. Mirin '03 Chad avatar??
  3. Join Date: Nov 2013
  4. Location: Canada
  5. Posts: 5,937
  6. Rep Power: 27662
Go to your bank and get all your debt consolidated. Basically you take a loan from the bank for whatever you owe, I think you said 9k. So you get a 9k loan and pay everything you owe, then you just make 1 payment to the bank every month with WAYYYY lower interest and it's only 1 payment instead of juggling 4 different payments. Just pay the 1.

Edit - op don't listen to the people saying to focus on one at a time. If you do that instead of the loan from your bank you're going to end up paying way more in interest once its paid off. Obviously if you can't get a loan then that's your only option but you're going to be paying a fuk load of interest on all those debts, not to mention you might get sent to collections if you don't start paying right away. Once you get sent to collections it's good bye credit for 7 years.
***Canadian Crew***
Misc proud dad crew
You have my word as a schons crew
-Bulldog
***Will be banned for necro bumping threads crew***
post 1440804181 05-07-2016, 06:30 PM
-
#34
  1. Issobolic28
  2. IG Taurus46ott
  1. Issobolic28
  2. IG Taurus46ott
  3. Join Date: Dec 2004
  4. Location: Ottawa, Ontario, Canada
  5. Posts: 34,710
  6. Rep Power: 324159
Originally Posted By Jibt3ch⏩
Go to your bank and get all your debt consolidated. Basically you take a loan from the bank for whatever you owe, I think you said 9k. So you get a 9k loan and pay everything you owe, then you just make 1 payment to the bank every month with WAYYYY lower interest and it's only 1 payment instead of juggling 4 different payments. Just pay the 1.
While that's an excellent idea, debt consolidation only makes sense if OP doesn't rack up debt on his cards ever again.

So that means making a point to live within your means; and paying off the balance each month.
post 1440804741 05-07-2016, 06:34 PM
-
#35
  1. umadbroski
  2. Sickening kunt
  1. umadbroski
  2. Sickening kunt
  3. Join Date: Aug 2015
  4. Location: Mexico
  5. Age: 32
  6. Posts: 13,110
  7. Rep Power: 48610
is not that much TBH.
vegan bodybuilder crew
software engineers crew
mexican manmore crew
L.A. Rams crew
post 1440805151 05-07-2016, 06:36 PM
-
#36
  1. scooterbrah
  2. Registered Pureblood
  1. scooterbrah
  2. Registered Pureblood
  3. Join Date: Jan 2011
  4. Location: Scottsdale, Arizona, United States
  5. Posts: 22,464
  6. Rep Power: 308215
Originally Posted By Briangumble⏩
File for bankruptcy?
lol no. his debt is unsecured and tbh isnt that much. he can just quit paying it if he wanted to
MinisterOfLust: scooterbrah and Mcfreoko are the two worst posters here.
post 1440805271 05-07-2016, 06:37 PM
-
#37
  1. scooterbrah
  2. Registered Pureblood
  1. scooterbrah
  2. Registered Pureblood
  3. Join Date: Jan 2011
  4. Location: Scottsdale, Arizona, United States
  5. Posts: 22,464
  6. Rep Power: 308215
Originally Posted By Jibt3ch⏩
Go to your bank and get all your debt consolidated.
horrible idea. youre taking unsecured debt and making it secured.
MinisterOfLust: scooterbrah and Mcfreoko are the two worst posters here.
post 1440806041 05-07-2016, 06:42 PM
-
#38
  1. Issobolic28
  2. IG Taurus46ott
  1. Issobolic28
  2. IG Taurus46ott
  3. Join Date: Dec 2004
  4. Location: Ottawa, Ontario, Canada
  5. Posts: 34,710
  6. Rep Power: 324159
Originally Posted By scooterbrah⏩
horrible idea. youre taking unsecured debt and making it secured.
Good point; but here's the thing: Does OP have assets he can secure the debt to?
post 1440806871 05-07-2016, 06:48 PM
-
#39
  1. antidogma
  2. intredasting...
  1. antidogma
  2. intredasting...
  3. Join Date: Feb 2014
  4. Location: Canada
  5. Posts: 2,681
  6. Rep Power: 3791
Originally Posted By Issobolic28⏩
Good point; but here's the thing: Does OP have assets he can secure the debt to?
obviously not from the sound of things

$9k isn't too much to dig out of
but you'll need to avoid putting on more debt and live like a hermit until it's paid off

I've been there ($8800 credit card debt, carried it for nearly 8 years before I decided it was enough. Paid it all down in 4 months, but it was hell changing habits from feeling like I was able to buy whatever I wanted to saving every penny.)
*** Canadian Crew ***
*** Misc Snowboard Crew ***
*** The Leafs are gonna make it next year crew ***
*** Murse Crew ***
post 1440807101 05-07-2016, 06:50 PM
-
#40
  1. dustiestuniform
  2. Registered user of peace
  1. dustiestuniform
  2. Registered user of peace
  3. Join Date: Jul 2014
  4. Location: Shawnee Mission, Kansas, United States
  5. Posts: 5,411
  6. Rep Power: 11881
Miscers make 10k a day so you should have no problem paying that off in 24 hours.
Costco Executive Member

Platinum Elite Marriott Rewards Status.
post 1440807441 05-07-2016, 06:52 PM
-
#41
  1. Hairstheticbrah
  2. Registered User
  1. Hairstheticbrah
  2. Registered User
  3. Join Date: May 2016
  4. Age: 37
  5. Posts: 11
  6. Rep Power: 0
Bro i was in your shoes just about a year ago. Making minimum payments drowning in debt working like crazy and still not going anywhere. Stay positive bro the first step is asking for help. I tried the whole consolidation through a bank but I ended up using cards again and still ended up in the same hole. I called this company called consolidated Credit (im sure there's other companies like this but I knew a friend that used them and was in good shape financially afterwards) and i called them let them know my exact situation. I think they have some criteria before you qualify but any how call them get some details and decide if it's a good choice for you. I learned my lesson bruh haven't touched a credit card since.
post 1440807651 05-07-2016, 06:55 PM
-
#42
  1. User5664
  2. Registered User
  1. User5664
  2. Registered User
  3. Join Date: Jan 2016
  4. Age: 32
  5. Posts: 445
  6. Rep Power: 670
I'll pay off the speedin tickets cash off next time I can. Get rid of that.
post 1440808391 05-07-2016, 07:01 PM
-
#43
  1. scooterbrah
  2. Registered Pureblood
  1. scooterbrah
  2. Registered Pureblood
  3. Join Date: Jan 2011
  4. Location: Scottsdale, Arizona, United States
  5. Posts: 22,464
  6. Rep Power: 308215
Originally Posted By User5664⏩
I'll pay off the speedin tickets cash off next time I can. Get rid of that.
call the phone and credit card companies and try to negotiate. you might be able to get some sort of settlement or at worst a lower interest charge. they really do not have a lot of leverage as they really cant make you pay them anything so they might work with you. the worst they can do is ding your credit report but that is the least of your worries at the moment.
MinisterOfLust: scooterbrah and Mcfreoko are the two worst posters here.
post 1440808571 05-07-2016, 07:02 PM
-
#44
  1. YIAMSOMEBODY
  2. Kobe The GOATBE
  1. YIAMSOMEBODY
  2. Kobe The GOATBE
  3. Join Date: Apr 2009
  4. Location: Oklahoma City, Oklahoma, United States
  5. Posts: 64,733
  6. Rep Power: 179850
Originally Posted By User5664⏩
why? its only like 9 k?

doing my math 40 hrs x around 17hr = 2720/month ( I can pick up more shifts for sure)
x 4 months
10,880 ( minus random expenses)

I just don't want collection agency coming at me. Also I had perfect credit before this, now that is ruined.
No collection agency will come after you. Unless you stop paying altogether, yes, but you paying $1.00 to the people you owe keeps your account with them. Just don't stop paying, you'll never see collections.

Lol @ your phone bill. $2K???? Hayle....naw.
"ERMUHGAWD Crew"
"ERMUHGAW LOL...."
"Oh you, ERMUHGAWD!"
post 1440809131 05-07-2016, 07:07 PM
-
#45
  1. ANIMALISTIKZ
  2. Banned
  1. ANIMALISTIKZ
  2. Banned
  3. Join Date: Nov 2006
  4. Location: Ontario, Canada
  5. Posts: 16,508
  6. Rep Power: 0
whats your job
post 1440809621 05-07-2016, 07:10 PM
-
#46
  1. snowyowl
  2. The legendary miscer
  1. snowyowl
  2. The legendary miscer
  3. Join Date: Oct 2012
  4. Posts: 8,314
  5. Rep Power: 8290
[QUOTE=Briangumble;1440796091]File for bankruptcy?[/QUOTE

Don't do this, it's the worst possible thing to do. If you ever want a house or a nice car please do not do this.
post 1440810891 05-07-2016, 07:19 PM
-
#47
  1. User5664
  2. Registered User
  1. User5664
  2. Registered User
  3. Join Date: Jan 2016
  4. Age: 32
  5. Posts: 445
  6. Rep Power: 670
Working at casino as a dealer. After I finish school I was debating to move away and try live in different country. So credit score doesn't really matter to much to me.
post 1440811091 05-07-2016, 07:20 PM
-
#48
  1. Mercworx
  2. Registered User
  1. Mercworx
  2. Registered User
  3. Join Date: Aug 2012
  4. Posts: 17,083
  5. Rep Power: 125830
Need to know the rest of your expenses
post 1440811131 05-07-2016, 07:21 PM
-
#49
  1. User5664
  2. Registered User
  1. User5664
  2. Registered User
  3. Join Date: Jan 2016
  4. Age: 32
  5. Posts: 445
  6. Rep Power: 670
My only "asset" is my car . I bought for 4400 cash. Nothing else
post 1440811341 05-07-2016, 07:22 PM
-
#50
  1. User5664
  2. Registered User
  1. User5664
  2. Registered User
  3. Join Date: Jan 2016
  4. Age: 32
  5. Posts: 445
  6. Rep Power: 670
I moved back home so no rent expense. Other than that I guess gas, insurance. Insurnace 150 month. Don't spend much on food. Gym member ship is 40 month and I'm on accutane which is 80 month. Also smoke but can't break the habit fml
post 1440811461 05-07-2016, 07:23 PM
-
#51
  1. Luc1fer
  1. Luc1fer
  3. Join Date: Jun 2014
  4. Posts: 45,573
  5. Rep Power: 685731
Damn David
๐•ฎ๐–๐–†๐–˜๐–Š ๐–† ๐–ˆ๐–๐–Š๐–ˆ๐•ถ, ๐–“๐–Š๐–›๐–Š๐–— ๐–ˆ๐–๐–†๐–˜๐–Š ๐–† ๐–‡๐–Ž๐–™๐–ˆ๐–

โ–ˆโ–“โ–’โ–’โ–‘โ–‘๐ŸงตMake trolls invisible: https://forum.obnoxiousbrutes.com/showthread.php?t=180234573 โ–‘โ–‘โ–’โ–’โ–“โ–ˆ
post 1440812421 05-07-2016, 07:29 PM
-
#52
  1. Issobolic28
  2. IG Taurus46ott
  1. Issobolic28
  2. IG Taurus46ott
  3. Join Date: Dec 2004
  4. Location: Ottawa, Ontario, Canada
  5. Posts: 34,710
  6. Rep Power: 324159
Originally Posted By User5664⏩
My only "asset" is my car . I bought for 4400 cash. Nothing else
Do you need a car? Iโ€˜m not sure how much your car is worth, but if youโ€˜re able to sell it for good money and put a good chunk of that towards your debt. Just an idea....

Edit: What you pay for a transit pass may be less than what you are paying every month on your car.
post 1440812791 05-07-2016, 07:31 PM
-
#53
  1. Mercworx
  2. Registered User
  1. Mercworx
  2. Registered User
  3. Join Date: Aug 2012
  4. Posts: 17,083
  5. Rep Power: 125830
Originally Posted By User5664⏩
I moved back home so no rent expense. Other than that I guess gas, insurance. Insurnace 150 month. Don't spend much on food. Gym member ship is 40 month and I'm on accutane which is 80 month. Also smoke but can't break the habit fml
so thats 270 plus whatever gas is.

Start by going after the smallest debt hardest. Obviously you need to keep making the minimum payments on the other debts. Rolling it into one debt with a lower interest rate is not a terrible idea. That's if they will give you the loan.

You make roughly 1980.00 a month not including tips and before tax. Ill leave it at that amount since I'm sure even on a bad month your tips would displace the tax amount.

Give yourself a hundred bucks in fun/food money on top of your other bills. You should be able to pay roughly 1300 (plus extra if tips are good) per month towards your bills. Within a month you would pay the CC and then another month and and a half the phone can be taken care of. 2 months on that and you would at least cut the biggest one in half.

Also get a second job. even a minimum wage stocking job at 15 hours per week would add roughly 435 bucks before tax.
post 1440815131 05-07-2016, 07:47 PM
-
#54
  1. Jibt3ch
  2. Mirin '03 Chad avatar??
  1. Jibt3ch
  2. Mirin '03 Chad avatar??
  3. Join Date: Nov 2013
  4. Location: Canada
  5. Posts: 5,937
  6. Rep Power: 27662
Originally Posted By scooterbrah⏩
horrible idea. youre taking unsecured debt and making it secured.
What are you trying to say? Op shouldn't pay? What are his other options? Legit curious what youre trying to say. He's young snd owes 9k which isn't a lot but what he's doing now by paying the minimum payment he's getting nowhere. And if he starts missing payments it'll go on his credit rating. Can't the companies also just fuk his credit up?

I see what you mean by secured and unsecured, never really thought of it that way. When I had a similar issue when I was younger I consolidated everything under a 1 year loan and paid everything off. Haven't had any credit issues since.
***Canadian Crew***
Misc proud dad crew
You have my word as a schons crew
-Bulldog
***Will be banned for necro bumping threads crew***
post 1440820401 05-07-2016, 08:19 PM
-
#55
  1. User5664
  2. Registered User
  1. User5664
  2. Registered User
  3. Join Date: Jan 2016
  4. Age: 32
  5. Posts: 445
  6. Rep Power: 670
I need car, transit here is terrible
post 1440821251 05-07-2016, 08:24 PM
-
#56
  1. TheMeninist
  2. Banned
  1. TheMeninist
  2. Banned
  3. Join Date: Apr 2016
  4. Age: 30
  5. Posts: 153
  6. Rep Power: 0
Leave your ****ty jobs and become a car salesman. If you hustle really hard this summer you could pay it off and have thousands in savings.
post 1440821681 05-07-2016, 08:27 PM
-
#57
  1. Darkius
  2. Registered User
  1. Darkius
  2. Registered User
  3. Join Date: Jan 2016
  4. Age: 42
  5. Posts: 4,496
  6. Rep Power: 12304
I got way more debt than OP. Maybe I should start paying it off.
post 1440825511 05-07-2016, 08:55 PM
-
#58
  1. Omnivium
  1. Omnivium
  3. Join Date: Feb 2013
  4. Location: United States
  5. Posts: 19,694
  6. Rep Power: 80934
Time to start living responsibly. Not only earning money, but saving as well. Buy generic food, set the ac a little hotter, stop going to restaurants etc. All those little things add up

Hope you learned your lesson about having someone else's name on your bill
post 1440829581 05-07-2016, 09:24 PM
-
#59
  1. User5664
  2. Registered User
  1. User5664
  2. Registered User
  3. Join Date: Jan 2016
  4. Age: 32
  5. Posts: 445
  6. Rep Power: 670
Originally Posted By Jibt3ch⏩
Go to your bank and get all your debt consolidated. Basically you take a loan from the bank for whatever you owe, I think you said 9k. So you get a 9k loan and pay everything you owe, then you just make 1 payment to the bank every month with WAYYYY lower interest and it's only 1 payment instead of juggling 4 different payments. Just pay the 1.

Edit - op don't listen to the people saying to focus on one at a time. If you do that instead of the loan from your bank you're going to end up paying way more in interest once its paid off. Obviously if you can't get a loan then that's your only option but you're going to be paying a fuk load of interest on all those debts, not to mention you might get sent to collections if you don't start paying right away. Once you get sent to collections it's good bye credit for 7 years.
Yeh I'll check that out.

Hopefully I can update in 4 months 5 months that I made it
post 1440870441 05-08-2016, 04:29 AM
-
#60
  1. User5664
  2. Registered User
  1. User5664
  2. Registered User
  3. Join Date: Jan 2016
  4. Age: 32
  5. Posts: 445
  6. Rep Power: 670
pHuck totally forgot I got also 140 bucks gym membership in collection. Phuck my life.

Ill get rid of that and the speeding tickets. **** is daunting. phuck. Figure out what to do about he CC debts tomorrow.
Quick Navigation Top Misc
ยซ Previous Thread | Next Thread ยป
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts