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Forum » Living off credit card debt srs
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Thread: Living off credit card debt srs

post 1645973763 08-29-2021, 12:55 PM
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Living off credit card debt srs

Living off credit card for past month. Got a new job starting next Tuesday but I need to relocate to a new city. Don't have a living situation picked out yet. Job will be starting remote.


Wut do misc?

I'm still spending a lot on food etc


Srs
post 1645974033 08-29-2021, 12:59 PM
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you shood buy clothes from the thrift store then sell them at a higher price at the other thrift store
post 1645974233 08-29-2021, 01:03 PM
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Credit card debt? Gamble your way out of it. Bet on the pga and european tour every week and you'll be debt free in no time.

Living off your credit card? Well you should have money saved up is all I know to say about that.
post 1645974283 08-29-2021, 01:04 PM
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Get a second job at UPS in the early AM and pay your shid off
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post 1645974423 08-29-2021, 01:06 PM
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In Mexico they cant collect debt from credit cards, u can pretty much rack up the debt, and tell them to fuk off

Worse thing that can happen is that they ban you at the bureaus
post 1645974433 08-29-2021, 01:06 PM
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can you stay remote until you have money to move?
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post 1645974613 08-29-2021, 01:09 PM
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This is the benefit of having good credit that you can use it to get by during hard times. Doesn't mean it's free, or the best, but it's there.
post 1645974673 08-29-2021, 01:10 PM
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Use the money you earn from the new job to pay off your credit cards?


What do you mean "What do I do" lol
post 1645975023 08-29-2021, 01:15 PM
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Bet it all on black.
post 1645975033 08-29-2021, 01:15 PM
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Originally Posted By pUniCepts⏩
can you stay remote until you have money to move?
Yes I believe so. In all honesty this is probably my best bet. I think the company should understand also since they delayed my start date from the initial date they gave me. They knew I'm in a different location currently

It just suks seeing credit card debt pile up, meanwhile I still have to figure out where to relocate And get moved in etc when I haven't even started yet

I should've planned better probably
Originally Posted By BigDeeps01⏩
Use the money you earn from the new job to pay off your credit cards?


What do you mean "What do I do" lol
I have to figure out how to relocate with basically no money, debt piling up. I might extend my lease where I'm at then save up working remote

Its a lot of chit to figure out. I have no idea where to live. It would also suck if the company rescinds my offer. It's a contract job
post 1645975693 08-29-2021, 01:25 PM
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Originally Posted By Sophus⏩
Yes I believe so. In all honesty this is probably my best bet. I think the company should understand also since they delayed my start date from the initial date they gave me. They knew I'm in a different location currently

It just suks seeing credit card debt pile up, meanwhile I still have to figure out where to relocate And get moved in etc when I haven't even started yet

I should've planned better probably



I have to figure out how to relocate with basically no money, debt piling up. I might extend my lease where I'm at then save up working remote

Its a lot of chit to figure out. I have no idea where to live. It would also suck if the company rescinds my offer. It's a contract job
Just keep using the cards. If you have to you can probably take out a small loan to cover your expenses

In the meantime, cut your expenses as hard as you can. No streaming services, no eating out, buckle down

Once the money starts coming in, start paying off your debt

It's tough but you'll be ok
post 1645975993 08-29-2021, 01:31 PM
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Originally Posted By BigDeeps01⏩
Just keep using the cards. If you have to you can probably take out a small loan to cover your expenses

In the meantime, cut your expenses as hard as you can. No streaming services, no eating out, buckle down

Once the money starts coming in, start paying off your debt

It's tough but you'll be ok
Thanks

Cutting expenses is the hard part. I like to eat good food. I can only fast for so long

If Worse comes to worse family can bail me out. I just don't want it to come to that

I have like one more week atleast of living off my credit cards

Fuark
post 1645976513 08-29-2021, 01:41 PM
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Originally Posted By radrd⏩
Bet it all on bloat.
Fix'd
post 1645977193 08-29-2021, 01:55 PM
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Originally Posted By radrd⏩
Bet it all on black.
never trust black (srs)
post 1645977623 08-29-2021, 02:03 PM
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I’d get a small loan from a bank instead. Credit cards will rape you
post 1645978273 08-29-2021, 02:14 PM
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Originally Posted By MiscMathematician⏩
it'll be 3 weeks probably before your first paycheck

use the cards sparingly and pay off in full if you can at the end of the month.

relocating it seems you can put off for a little while (remote) and explain your situation to the boss. set up direct deposit with HR/Payroll.

save up for first/last months rent and security deposit. look for a place that will give first months rent free on a 12mo lease.
I think they pay weekly which is one benefit of contract work, so it might only be 2 weeks from now for my first check. Just sent in background check yesterday, waiting for that to clear.


The city I'm relocating to is hot right now in real estate. I saw some prime condo On the water get posted and taken in less than a weekBut yeah hopefully I can get a deal somewhere

Until then, just bought a pack of smokes to continue rotting by with
post 1645978503 08-29-2021, 02:18 PM
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You'll need to ration as much as possible.

The most important thing is to keep your credit score in good condition.
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post 1645978983 08-29-2021, 02:25 PM
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Also i have to drop basically the last of my money on Septembers rent fml. After that I'm gonna be straight up out of cash and in the negatives with 2 credit cards
post 1645979033 08-29-2021, 02:26 PM
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Originally Posted By tunafishha⏩
You'll need to ration as much as possible.

The most important thing is to keep your credit score in good condition.
Does making minimum payments on credit cards negatively impct credit score?

Ill need good credit to get an apartment
post 1645979123 08-29-2021, 02:27 PM
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stop digging.
post 1645979293 08-29-2021, 02:30 PM
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Well, for one, you live off the credit. You pay the debt.

Wouldn't expect someone who can't pay their bills to know the difference though.
post 1645979463 08-29-2021, 02:34 PM
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post 1645979543 08-29-2021, 02:35 PM
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Live within your means once you start the new gig and pay off your debts.

You are in debt to live and then posting about a prime condo 🤦‍♂️
post 1645979593 08-29-2021, 02:36 PM
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Originally Posted By Sophus⏩
Does making minimum payments on credit cards negatively impct credit score?

Ill need good credit to get an apartment
No it does not. But using too much credit does cause your credit score to go down.
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post 1645979753 08-29-2021, 02:40 PM
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Originally Posted By rollerball⏩
Making minimum payments does not negatively affect your score. What affects it is missing a payment or being late, do neither of those things or that chit will stay on your record for like 7 years. Also having too high a Utilization Rate (usually over 10%-20% of your total credit limit) will negatively affect your score but that will improve as soon as your UR improves.

If you're disciplined apply for another CC (or several) that has a zero % APR for a time period and make balance transfers to avoid any interest fees from your current cards. This will also increase the ceiling of your Utilization Rate giving you more room to use the CC.

What is your credit rating?

I have 8 CCs and a 840+ credit rating.
Thanks brah, might look into opening some new cards then. My current ones were my first cards and have high interest rates.

My current rating is like 750

I've always been on top of making full payments in time until this last month where I made minimum payments for the first time ever
post 1645979763 08-29-2021, 02:40 PM
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Originally Posted By tunafishha⏩
No it does not. But using too much credit does cause your credit score to go down.
That's only temporary. Once you pay them down and your utilization drops your score will go back to where it was before
post 1645979853 08-29-2021, 02:41 PM
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post 1645979893 08-29-2021, 02:42 PM
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Originally Posted By ChunkBuster⏩
Live within your means once you start the new gig and pay off your debts.

You are in debt to live and then posting about a prime condo 🤦‍♂️
The prime condo was within my means, it was amazingly cheap for the location. That's why it got snatched off the market before I could even apply. I could've afforded it for sure
post 1645979953 08-29-2021, 02:43 PM
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Originally Posted By rollerball⏩
750? You're doing fine.
Just stay on top of the payments, minimum is totally okay in terms of impacting your score, once your utilization rate goes down that score will go up. Apply for a new card or two and do that balance transfer if your current APR is high.
Nice. Will apply for a card soon

I think I might survive this temporary debt then
post 1645985433 08-29-2021, 04:06 PM
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