$32K in credit card debt at 28% interest.....

papichulo · 01-03-2009, 06:23 PM

Hmmm, I was debt free until my father in law had was ran over by a bus on his motorcycle in South America. I am $50K in debt on three cards, because where he lives there is not any health insurance. So what do you do? I had to do the right thing and now he is walking again. Yeah it sucks and I am stressed out to the max. When it comes to a family crisis, I had to do the right thing. Presently, I am check to check in hopes of never being in debt. I guess cigars are an outlet for my stress. Do I purchase cigars, yes, but not often. Thanks for listening to my dilemma. Chao.

Blueface · 01-03-2009, 07:50 PM

Quote:

Originally Posted by papichulo

Hmmm, I was debt free until my father in law had was ran over by a bus on his motorcycle in South America. I am $50K in debt on three cards, because where he lives there is not any health insurance. So what do you do? I had to do the right thing and now he is walking again. Yeah it sucks and I am stressed out to the max. When it comes to a family crisis, I had to do the right thing. Presently, I am check to check in hopes of never being in debt. I guess cigars are an outlet for my stress. Do I purchase cigars, yes, but not often. Thanks for listening to my dilemma. Chao.

Brent,
That is the kind of debt that while you may worry about it, your heart should feel good that it is for the sake of a human life as opposed to that of my friend.
His is attributed to nonsense spending that was totally avoidable. He didn't need to have those toys but just didn't know how to hold back.

papichulo · 01-03-2009, 09:08 PM

Thanks for the support Carlos and I was not trying to thread jack this thread, but wanted to point out that many people find themselves in debt to medical emergencies. I have been downsizing the cars and things. I know all will be well.

I failed to mention this happened a year and one half ago, maybe a little longer; however, I have been taking a beating. I took control of my issues and contacted my creditors to reduce my interest rates. For the record I will eat beanie weanies before I miss a payment.

Cheers

Scottw · 01-04-2009, 12:40 PM

If anyone needs some help with this stuff, I am in the business. PM me an I will get back with you shortly with some help. I have done over 1000 restructurings where credit card and lease debt was involved. You will all pay the current BOTL rate which is all the advice you need for $0.00. (in other words, free).

01-03-2009, 06:23 PM	#1
papichulo Diablo Canoso Join Date: Oct 2008 Location: Burque Posts: 344 Trading: (2)	Re: $32K in credit card debt at 28% interest..... Hmmm, I was debt free until my father in law had was ran over by a bus on his motorcycle in South America. I am $50K in debt on three cards, because where he lives there is not any health insurance. So what do you do? I had to do the right thing and now he is walking again. Yeah it sucks and I am stressed out to the max. When it comes to a family crisis, I had to do the right thing. Presently, I am check to check in hopes of never being in debt. I guess cigars are an outlet for my stress. Do I purchase cigars, yes, but not often. Thanks for listening to my dilemma. Chao. __________________ it is all about the onion

01-03-2009, 09:08 PM	#3
papichulo Diablo Canoso Join Date: Oct 2008 Location: Burque Posts: 344 Trading: (2)	Re: $32K in credit card debt at 28% interest..... Thanks for the support Carlos and I was not trying to thread jack this thread, but wanted to point out that many people find themselves in debt to medical emergencies. I have been downsizing the cars and things. I know all will be well. I failed to mention this happened a year and one half ago, maybe a little longer; however, I have been taking a beating. I took control of my issues and contacted my creditors to reduce my interest rates. For the record I will eat beanie weanies before I miss a payment. Cheers __________________ it is all about the onion

01-04-2009, 12:40 PM	#4
Scottw Going Commando Join Date: Oct 2008 First Name: Scott Location: Sussex, NJ Posts: 2,815 Trading: (6)	Re: $32K in credit card debt at 28% interest..... If anyone needs some help with this stuff, I am in the business. PM me an I will get back with you shortly with some help. I have done over 1000 restructurings where credit card and lease debt was involved. You will all pay the current BOTL rate which is all the advice you need for $0.00. (in other words, free). __________________ "Ray when someone asks you if your a GOD you say yes."