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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 1441895651 05-13-2016, 08:59 AM
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#121
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had ~ 10k in credit card debt less than a year ago. currently sitting on zero cc debt. and i don't make an assload of money. it can be done, with focused budgeting and discipline
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post 1441895751 05-13-2016, 08:59 AM
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Originally Posted By southeastoz⏩
Yes because cars cheaper than 20k do not exist....
Solid statement to make. Even if one lives in the North East and needs 4WD or AWD, the Impreza and the Patriot both come in under $20K brand new before trade-ins and negotiating.
post 1441895781 05-13-2016, 09:00 AM
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Originally Posted By Nelly87⏩
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.
I am not trying to be pretentious. Opie said she is 31 and I am assuming opie is around her age as well. Most people this age do not have 100k+ in non mortgage debt. In fact I don't know anyone who has this much debt that is not tied in with property purchase. She is also only making 50k/yr meaning she is will never escape this debt. It is only going to add on.
post 1441895891 05-13-2016, 09:00 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.
Unfortunately, basic financial education is the one thing schools need to teach but don't. It wouldn't even be complicated - you would just need a teacher to tell their kids to stop being retards and buying sht they can't afford. I would imagine it is even worse now with kids running around with iphones and ipads in hand
post 1441896201 05-13-2016, 09:02 AM
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Originally Posted By TheSteve39⏩
Solid statement to make. Even if one lives in the North East and needs 4WD or AWD, the Impreza and the Patriot both come in under $20K brand new before trade-ins and negotiating.
How do you not register the sarcasm in that post? I was pointed out the stupidity of the post I quoted.
post 1441896661 05-13-2016, 09:05 AM
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Originally Posted By GiantMonkey⏩
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.
Good point. $70k on a standard 10 year repayment plan is what ~$800/month, she is making $50k/year, so take home is ~$1,400 going off of single no exemptions paying bi-weekly. So she gets 2 extra paychecks a year but should budget at ~$2,800/month is her total take home. I'd say she put an entire paycheck into those debts, maybe work with the student loan to do income based or extend the loan to help her now so she can knock out the higher APR% debts like that fukkin CC. Would leave her with one paycheck for rent and other bills, $1,400 for all that is very tight...

So ya, she's fukked unless she can extend student loans to pay less, sucks cause she'll pay more in interest but should help her pay off her stupidity. Get the CC paid first, then focus on the car. Then put all she was spending on the car/CC on her student loans. It is possible but it's going to be tough.
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post 1441896861 05-13-2016, 09:06 AM
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Originally Posted By TheSteve39⏩
Solid statement to make. Even if one lives in the North East and needs 4WD or AWD, the Impreza and the Patriot both come in under $20K brand new before trade-ins and negotiating.
If you have 90k in student loan and credit card debt the last thing you need is a new car.
Originally Posted By GiantMonkey⏩
No OP, she will never get out of debt unlessyoupay it off.
Pretty much. People typically don't change. Especially when they are beyond 30+ years old. Her spending habits will only continue and the burden of her debt will only fall on opie. The responsible thing to do is break up with her because marriage should be out of the question. The only people who will suffer will be opie and his kids if he decides to settle down with someone so irresponsible.
post 1441897091 05-13-2016, 09:07 AM
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Do not consider marrying her until the credit card debt is gone. She needs to get rid of the car, get something in the 3-4K range, and live poorly. Moving in with family would be a great idea.
post 1441897151 05-13-2016, 09:08 AM
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19K in debt on CC is unforgivable. That's just bad spending habits, total red flag. She is also 31 which means she will probably never change.

My wife is 25, pays her CC in full every month, has 0 student debt. We bought a house together last summer and she was able to contribute with 20K in down payment. She just bought herself a 28K car and put more than 11K down. We don't share a bank account together as well.
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post 1441897251 05-13-2016, 09:08 AM
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Gawd damn.

No moar handbags.
No moar clothes.
No moar dinners.

No really....

Resisting to buy something is hard. I personally don't care for all that materialistic chit. My money goes towards computer parts. So i know how hard it is to not spend moneh.

Tell her to make an excel spreadsheet to control her finances.
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post 1441897441 05-13-2016, 09:09 AM
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Find a new girl then dump her.
post 1441897461 05-13-2016, 09:09 AM
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Most people have debt because the system is designed for people to fail and just get by. All my friends have 60-100k in student loans and they know they are enslaved for life. 30yr mortgage is another societal brainwashing. The banks want you to have debt. They want you to be a slave to the lenders. We have an entire generation here who thinks we are supposed to have debt. debt is acceptable. That 70k school debt, is bad debt. That 20k car debt, is bad debt. The 19k cc debt, is godawful debt. She enslaved herself and her goal now is to latch onto a man to come in and rescue her, take care of her. Make all her troubles go away.

Op let me ask you, are you a winner or are you a loser?
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post 1441897511 05-13-2016, 09:10 AM
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Originally Posted By Madevilz⏩
19K in debt on CC is unforgivable. That's just bad spending habits, total red flag. She is also 31 which means she will probably never change.

My wife is 25, pays her CC in full every month, has 0 student debt. We bought a house together last summer and she was able to contribute with 20K in down payment. She just bought herself a 28K car and put more than 11K down. We don't share a bank account together as well.
Yeah debt like that is a huge red flag for a srs relationship. It's not even the amount so much as the mindset it takes to get into CC debt in the first place.
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post 1441899271 05-13-2016, 09:20 AM
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Lol @ how she buys a 20k car she can't afford when she's up to her eyeballs in credit card debt.

I paid off bout 15k credit debt (was stupid as **** in college with money) but I did it while driving a beater. I make more than she does btw.

Blows my mind she thought it was a good idea to buy a car she obviously cannot afford when she's that far in debt.
post 1441899981 05-13-2016, 09:24 AM
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Originally Posted By southeastoz⏩
How do you not register the sarcasm in that post? I was pointed out the stupidity of the post I quoted.
I caught the sarcasm but there was truth to it.
post 1441900791 05-13-2016, 09:28 AM
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Originally Posted By FairSquare⏩
As long as she keeps her job, I would imagine it's possible. It looks bad but I'm sure people have worked themselves out of much worse situations. I've heard of people who assumed debt after their parents died, and found out their parents owed boatloads of cash to the IRS, and guess who had to pay?
That is absolutely terrifying
post 1441902471 05-13-2016, 09:37 AM
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She actually lives with her family right now. She helps pay some of the bills which is like $200 a month. She buys anything she wants and she runs tons of marathons which cost like $100 each then flights couple times a year.

At first when I said something about her debt her response was its my money I can do what I want with it. Now if I bring it up she agrees with me that it is awful.
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post 1441902591 05-13-2016, 09:38 AM
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Originally Posted By CalmYerSwag⏩
Most people have debt because the system is designed for people to fail and just get by. All my friends have 60-100k in student loans and they know they are enslaved for life. 30yr mortgage is another societal brainwashing. The banks want you to have debt. They want you to be a slave to the lenders. We have an entire generation here who thinks we are supposed to have debt. debt is acceptable. That 70k school debt, is bad debt. That 20k car debt, is bad debt. The 19k cc debt, is godawful debt. She enslaved herself and her goal now is to latch onto a man to come in and rescue her, take care of her. Make all her troubles go away.

Op let me ask you, are you a winner or are you a loser?
Your very first sentence caused my mindset to immediately turn the rest of your post into a whiny, no knowledge, college brat tone, FYI...

"The system" - you speak as if it is some ominous thing that goes around, kidnaps youngins and throws em into slavery. I agree that a lot of 18 yr olds going off to college do not have a full understanding of the debts they are taking on, is true.

However, the victim mentality of the system fukked me over annoys me. Ya sure, you made a stupid mistake when you where younger, a lot of us do. Figure out how to pay off your mistakes and learn from it. Don't blame "the system" for you voluntarily going to school and spending $70k.

I went to a for-profit tech school that charged the max amount. What did I do? I went to a community college first, knocked out 2 years then transferred into the tech school and finished it off. Only been paying on student loans for 3 years, but it is going down. I wouldn't say my college debt is bad debt. I went from retail making $30k/year to making a chit ton more. My upward mobility is high. So I'd say my college debt isn't bad. But agree if you got 70k loans for underwater basket weaving or some fukkin social degree that doesn't pay chit, then yes. You made a bad investment.

You want a house? You're going to be in debt unless you live with your parents for 10+ years to save up. Good luck renting and saving enough to pay cash for a house. You should be able to buy a house at 60, all the while you spent the last 40 years renting and throwing all that money away.

The thing about debt and borrowing money, is finding out how much you're truly going to pay. If you take a loan out on a car for $20k 0%APR, you're going to pay $20k. If it's 9%APR on a 48 month loan term - you're going to pay an extra ~$4k. On a realistic 3%, same loan/term you pay an extra $1,200. Not bad if you think about 4 years of paying, that's $25/month.

If you can borrow money, not pay much extra and this opens you up to more cash flow for other investments and/or savings then it's an excellent idea. People fuk up when they take out too much debt at too high interest and don't get a good ROI.
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post 1441903721 05-13-2016, 09:45 AM
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Originally Posted By gainmusclefast⏩
She buys anything she wants and she runs tons of marathons which cost like $100 each then flights couple times a year.
She can't afford this, it all needs to go away. Run, far, far away from this leach
post 1441903801 05-13-2016, 09:45 AM
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OP you realize that's 109k debt?

She makes 50k, after taxes that's around 38k, after spendings, etc. she MIGHT have 10k left if she's REALLY careful.

109k / 10k = she should bedebt free by the time she's 42 years old!

People are literally retarded with money. Sad thing is, even if you doubled her income she would only be twice as much in debt.
post 1441903881 05-13-2016, 09:45 AM
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She isn't going to make it, srs

The odds of her going from being financially irresponsible to suddenly locking down expenses and paying that off are similar to the odds of me growing to 6'5"

Since you're going to ignore the misc, you'll end up as her debt payment provider. What a life.
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post 1441904451 05-13-2016, 09:49 AM
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You should pay it for her, then ask her father for his approval.
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post 1441904761 05-13-2016, 09:51 AM
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Originally Posted By Nelly87⏩
Good point. $70k on a standard 10 year repayment plan is what ~$800/month, she is making $50k/year, so take home is ~$1,400 going off of single no exemptions paying bi-weekly. So she gets 2 extra paychecks a year but should budget at ~$2,800/month is her total take home. I'd say she put an entire paycheck into those debts, maybe work with the student loan to do income based or extend the loan to help her now so she can knock out the higher APR% debts like that fukkin CC. Would leave her with one paycheck for rent and other bills, $1,400 for all that is very tight...

So ya, she's fukked unless she can extend student loans to pay less, sucks cause she'll pay more in interest but should help her pay off her stupidity. Get the CC paid first, then focus on the car. Then put all she was spending on the car/CC on her student loans. It is possible but it's going to be tough.
Can't she just give the car back?
post 1441905301 05-13-2016, 09:54 AM
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[QUOTE=gainmusclefast post_id=1441902471]She actually lives with her family right now. She helps pay some of the bills which is like $200 a month. [b]She buys anything she wants and she runs tons of marathons which cost like $100 each then flights couple times a year.

At first when I said something about her debt her response was its my money I can do what I want with it. Now if I bring it up she agrees with me that it is awful.[/QUOTE]
Well at least she agrees its awful, although thats a far cry from actually sacrificing her lifestyle and habits for years to pay it all off.
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post 1441905311 05-13-2016, 09:54 AM
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Originally Posted By AndYUKnowThis⏩
Can't she just give the car back?
Doubtful as cars are depreciating assets. She may get some money back for it, but it won't be the entirety of her loan, unless she owes less than what the car is worth, but referencing her financial history, probably not.
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post 1441905351 05-13-2016, 09:54 AM
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No offense but only stupid people get in debt. I wouldn't want to be with someone that didn't know how to manage their money.
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post 1441905911 05-13-2016, 09:58 AM
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Originally Posted By JD805⏩
No offense but only stupid people get in debt. I wouldn't want to be with someone that didn't know how to manage their money.
nah fam, it depends if its a good or a bad debt, and it looks like all of her debts are bad

ayyyyyyyy
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post 1441906151 05-13-2016, 09:59 AM
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Originally Posted By gainmusclefast⏩
so i have been with my GF for almost a year and a half.

her current debt is

student loans: 70k

car: 20k

credit cards: 19k

she is 31 and has a job making 50k a year.

is she going to be able to come out of this debt?
you mean exgirlfriend right?
post 1441906211 05-13-2016, 10:00 AM
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She will fuk up your credit in the first 5yrs to the point you won't be able to get a cell phone if you marry her.
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post 1441906301 05-13-2016, 10:00 AM
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I'm sure it's already been said in this thread, but I'll say it anyway...


Marry that one OP.
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