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Forum » More General Categories » Misc. » GF has 19k credit card debt
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Thread: GF has 19k credit card debt

post 1441889701 05-13-2016, 08:25 AM
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brb 70k in debt
brb buy 20k car

Did she vote for Bernie in the primaries?
post 1441889811 05-13-2016, 08:25 AM
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Originally Posted By Nelly87⏩
I put all my expenses on my CC and pay it off monthly.
^^^This is a great idea. If you're able to control your spending and have the credit limit to do so (without going near or over 50% CL), there are benefits to putting your budget on credit cards and paying off the balance every month:

1) Your cash is protected - how often have we heard of peoples' debit cards/checking accounts being compromised by card skimmers? Most, if not all, credit card companies will refund you your losses immediately and launch a fraud investigation. Your bank will likely refund you, as well, but it may be slightly more of a hassle;

2) Cash back and/or other rewards - most cards have some sort of reward system built into the account and you can often use points/miles/whatever to cushion your monthly payments;

3) Increase credit worthiness - for when you've reached the point in your life when you want to buy a house or the really nice car you've always wanted you could get great interest rates if you don't intend to buy outright, not to mention, if you ever need to co-sign a loan for someone (who is hopefully responsible enough to pay back their debt).
post 1441889901 05-13-2016, 08:26 AM
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Why is everyone saying that the 20k car debt is justified?

Brb 89k debt.... Brb getting another 20k loan to get a damn car.
post 1441889941 05-13-2016, 08:26 AM
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We all know op wont listen to us and drop this dead weight. She'll keep fake loving him till he puts a fancy ring on her finger her debts become his then she'll drop him
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post 1441889951 05-13-2016, 08:26 AM
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Ditch her. I dont believe in all that soul mate bollocks. Find someone who isnt completely wreckless with their finances and knows how to budget.

They always say 'Date girls you fall for, Marry a businesspartner' - or something along those lines.

also edit: why the fuk do people think its justifiable to borrow money that they dont have/cant repay in order to buy useless chit like holidays, cars, clothes, handbags whatever.. I can understand buying food if youre potless or covering your rent, - but there are so many people who have been worknig like 12 months on a poverty wage, live at home and are like "oh but i really deserve this $75K car because i worked so hard in college.. i earned it.." wut?
post 1441890001 05-13-2016, 08:26 AM
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prenuptial agreement
post 1441890171 05-13-2016, 08:27 AM
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Originally Posted By EffortPoaster⏩
Lol, shut up loser. You admit that you fit the criteria I listed EXACTLY, but then go on to herp derp in your post.

If someone has $100K in high interest debt then I don't give a chit if they live in their car, they should be driving around in a chitbox that gets great gas mileage. You probably have a bunch of loser friends and family who justify their car loans with your same reasoning, all while they complain how they can't pay their bills every month.
What? I meant I fit the criteria for getting a car loan if I wanted to.

Zero debt. Good credit score. I don't want a house anytime soon (I move quite a bit). I'd get zero percent financing.

Strong assumptions about friends and family.
post 1441890281 05-13-2016, 08:28 AM
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Your life partner needs to live like shes poor for the next 10 yrs. Bc she is poor. Do you want to be with a poor person?
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post 1441890341 05-13-2016, 08:29 AM
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I had a 6k balance last month on my CC that I paid in full.
(っ◕‿◕)っ
post 1441890471 05-13-2016, 08:29 AM
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http://www.bankrate.com/calculators/...alculator.aspx

If she's just paying the minimum on her credit card debt, it's gonna take a looonnngggggg time to pay off. **** that noise.

I'd have a serious sit down with her about all of it. If she has a solid plan to get it all paid back as quick as possible and knows to cut out all fun time until it's paid off then she's worth investing in. Otherwise I'd consider bailing on her.
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post 1441890781 05-13-2016, 08:31 AM
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Originally Posted By theRealGriNC⏩
What? I meant I fit the criteria for getting a car loan if I wanted to.
I know that. You said that you fit the criteria that I listed (I get that), but then you argued against the point I was making by saying that it's OK for someone to get a nice car if they spend a lot of time in it, no matter their financial situation.

So you made no sense and went full retard. Like I said, with that kind of debt I don't care what someone needs a car for, they should not have an extra car payment on top of everything.
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post 1441891021 05-13-2016, 08:33 AM
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OP, show her this thread and film her reaction for the lulz.

She'll probably dump you if you do this, so it's a win-win if you ask me. But, in the small chance that she takes it all to heart and tells you that she really wants to change her ways and get her debt in order, then you know you have a keeper who can turn her situation around.
***Maxing out 401(k) & IRA every year crew***
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post 1441891711 05-13-2016, 08:37 AM
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Originally Posted By ppscalzo⏩
Did she just graduate? If so how is her student debt that high still? The car is normal but the credit cards are insane. What can you possibly drop 19K on with a credit card?
starbucks adds up, man
A million miles away - I don't.. feel.... anything.
http://www.youtube.com/watch?v=PXGZu4yxjW0
post 1441891961 05-13-2016, 08:38 AM
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Originally Posted By Nelly87⏩
Student loans and car, most mid-late 20s, early 30s have this debt.
Nope. Paid off my student loans and my car. It is called working and living within your means. Lmao at justifying a non mortgage 100k+ size debt.
post 1441892671 05-13-2016, 08:42 AM
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Originally Posted By MiscMathematician⏩
dem points brah.
Das it mane


Netted at least 1k last year from points.
(っ◕‿◕)っ
post 1441892771 05-13-2016, 08:42 AM
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Your life is a business. Increase your net worth. Always be growing. Keep leveling up.

Who you choose to be with is probably the biggest financial decision of your life.
You want to retire one day. Imagine retirement and great life is at the stars. You need to touch the stars in order to achieve it. Right now you are at the clouds.

Your life partner dug herself in a hole about 100ft deep. If she doesnt dig herself out of it fast enough she will sink. She will keep falling down and down and soon enough she wont be able to breathe.

The biggest problem here is 19 thousand dollars which is a lot more than that when you factor in interest and opportunity cost, the 19k exposes her as a horrible decision maker. Can't be trusted with money.

Now once again. Your life is a business. You have a horrible decision maker as a partner. The Business will not grow and prosper until you kill the problem. Drop the dead weight. Solve the problem.

If you dont value your time i would say keep fuking her till she mentions money or marriage then run. Don't walk. But if you do value your time like any successful business owner does than break up with her yesterday and find someone that will help you grow. Be that power couple.
Se Vi Pacem Para Bellum

What you know bout pain? Blood sweat and tears man im sittin in the rain.
post 1441892861 05-13-2016, 08:43 AM
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Originally Posted By CalmYerSwag⏩
We all know op wont listen to us and drop this dead weight. She'll keep fake loving him till he puts a fancy ring on her finger her debts become his then she'll drop him
this, anyone else you'd just look at them and think L M A O dumbass

but WKs gone WK.
post 1441893131 05-13-2016, 08:44 AM
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Originally Posted By EffortPoaster⏩
I know that. You said that you fit the criteria that I listed (I get that), but then you argued against the point I was making by saying that it's OK for someone to get a nice car if they spend a lot of time in it, no matter their financial situation.

So you made no sense and went full retard. Like I said, with that kind of debt I don't care what someone needs a car for, they should not have an extra car payment on top of everything.
I didn't say no matter their financial situation. We are on the same side here....minus I don't see any problem with someone getting a nice car on a loan if their finances are in order.
post 1441893261 05-13-2016, 08:44 AM
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Originally Posted By shoelaces⏩
Nope. Paid off my student loans and my car. It is called working and living within your means. Lmao at justifying a non mortgage 100k+ size debt.
Congrats, you're a unicorn. Most people as I said in their late 20s, early 30s have student loans and vehicle debt. That doesn't mean everyone. Some people, like yourself nickle and dime and make paying these debts off a top priority, which is very fiscally responsible. Also, how much debt did you have, how long did it take you to pay off?

Inb4 you went to community college and had $5k student loan debt and now feel you deserve a medal.

Bottom line, there is good debt and bad debt. Student loans can be good debt pending how it impacts your earning potential. Car debt is never really good debt but is common and not too bad if APR% is low, new cars have 0% APR, same as cash or extremely low otherwise. Much better to finance a car at extremely low APR% and use your cash flow for other investments. So either you spend $20k for a car cash. Drive a beater (not everybody wants this). Or you get awesome financing, drop $5k downpayment on car and let the rest go towards other investments.

The credit card debt at 19k is unacceptable though.
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post 1441893461 05-13-2016, 08:45 AM
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Originally Posted By CalmYerSwag⏩
The biggest problem here is 19 thousand dollars which is a lot more than that when you factor in interest and opportunity cost, the 19k exposes her as a horrible decision maker. Can't be trusted with money.
^^^Truth. If one goes for a civil service title (i.e., Police Officer) and they pull your credit info for the background check that would be a HUGE red flag.
post 1441893651 05-13-2016, 08:46 AM
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Originally Posted By CalmYerSwag⏩
Your life partner dug herself in a hole about 100ft deep. If she doesnt dig herself out of it fast enough she will sink. She will keep falling down and down and soon enough she wont be able to breathe.

The biggest problem here is 19 thousand dollars which is a lot more than that when you factor in interest and opportunity cost, the 19k exposes her as a horrible decision maker.
She will never dig herself out of her debt. It is pretty easy to tell what kind of personality she has. Spending 70k on her education that only makes her 50k/yr, more than likely an expensive out of state school for a worthless degree/field. 20k car loan when she could have just bought a beater. 19k in credit card debt for no doubt clothes, purses and other frivolous chit. She is a black hole and any chump that settles down with her will face a lifetime of financial hardships. Of course opie will never listen, they never do.
post 1441894111 05-13-2016, 08:49 AM
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That credit card debt will be hard to get out of. Unless she somehow gets a huge chunk of money to pay it off she will most likely be making payments on the credit card forever.
post 1441894191 05-13-2016, 08:49 AM
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Originally Posted By neptuneborn⏩
prenuptial agreement
Totally useless unless you're a family law attorney who will be enriched by the process of discarding it.
post 1441894441 05-13-2016, 08:51 AM
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The student loans and car debt is whatevs, it's pretty much necessary in this day and age, but the large credit card debt isn't.

I thought I had a lot of credit card debt at $3k
onion crew
post 1441894491 05-13-2016, 08:51 AM
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Originally Posted By Nelly87⏩
Congrats, you're a unicorn. Most people as I said in their late 20s, early 30s have student loans and vehicle debt. That doesn't mean everyone. Some people, like yourself nickle and dime and make paying these debts off a top priority, which is very fiscally responsible. Also, how much debt did you have, how long did it take you to pay off?

Inb4 you went to community college and had $5k student loan debt and now feel you deserve a medal.
When I graduated I had about $25k in student loans and I worked throughout undergrad to borrow the least amount possible every year. Once I graduated I sat down and calculated how much I needed to pay each month to pay off the entirety within 5 years. It is called basic financial planning and responsibility. Morons who borrow $50k+ pursuing worthless degrees and blowing their cash on useless chit deserve all the hardships they face. They typically blame external factors for their own personal mistakes as well. Pathetic for a grown adult.
post 1441895111 05-13-2016, 08:55 AM
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Originally Posted By shoelaces⏩
When I graduated I had about $25k in student loans and I worked throughout undergrad to borrow the least amount possible every year. Once I graduated I sat down and calculated how much I needed to pay each month to pay off the entirety within 5 years. It is called basic financial planning and responsibility. Morons who borrow $50k+ pursuing worthless degrees and blowing their cash on useless chit deserve all the hardships they face. They typically blame external factors for their own personal mistakes as well. Pathetic for a grown adult.
Well said sir:


Still doesn't negate your first statement where I said most people have this debt and your rebuttal was nope. That is your personal situation and not the entirety of the country like I said.

*Edit - what you should have said is: "Not me, I was fiscally responsible and paid it off." Instead you said "nope" coming off as a condescending asshat.
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post 1441895311 05-13-2016, 08:56 AM
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Originally Posted By FearThisjake⏩
The student loans and car debt is whatevs, it's pretty much necessary in this day and age, but the large credit card debt isn't.

I thought I had a lot of credit card debt at $3k
Yes because cars cheaper than 20k do not exist....
post 1441895401 05-13-2016, 08:57 AM
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Originally Posted By Nelly87⏩
BRB - people graduate and want a nice car. 20k - she should have that paid off in 3 yrs.
Hard to pay $500+ in monthly car payments when you have $70k in student loan debt.

No OP, she will never get out of debt unlessyoupay it off.

EDIT:

How does she survive?

$70k in student loan debt at 3% for 10 years is about $650 per month.
$19k in cc debt at 18.9% is $760 per month.
$20k car payment is about $360, monthly assuming 3.11% interest and she paid exactly $20k, no taxes or licenses fees

That's over $1700 per month, before paying any other bill on $50k per year?

Yuck.
Member of the Raider Nation
post 1441895431 05-13-2016, 08:57 AM
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31 years old
girlfriend

pick one

don't care about debt
post 1441895581 05-13-2016, 08:58 AM
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19k credit card debt - How the **** did that happen?
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