"It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."Quote from matgallis:
You failed in business, heavily burdened yourself in debt within the process? You're right I am illogical and a posses the intelligence of a 3rd grader.
Bac
- Thread starter bond_trad3r
- Start date
B of A only gave me $500 when I got the card 6 months ago and wouldnât give me more. I can try again I guess. Maybe I should call Chase and Wamu again and tell them I canât afford this and will default on it soon if they donât change it. But Iâm not sure about Chase because they just raised the apr another 4 points.
Does anybody have any experience with the debt consolidation companyâs who negotiate for you and lump everything into one payment? Iâve heard some of them are a little sketchy. Also I am not sure about them because that is technically a settlement with creditors and ruins you credit.
Iâll keep looking, thanks.
Thank you. I appreciate that. You donât know how much that means to me. Youâre right, I have to keep trying until I hit it big.Quote from Unhommefou:
matgallis:
Have you ever owned a business? Have you ever started one? Probably not...
2 out of every 5 businesses fail during startup. :eek:
From there, failure rates go up based on the exact industry the business is in.
Owning, starting, and running a business is F@#$ing hard.
MOST ENTREPRENEURS FAIL!
And they continue to fail until they finally hit it big -- or give up...
It is not like he is not making his payments.
Hell, if he wanted to , he could have just stopped paying them, defaulted on the balance, and then negotiate with the collectors for better terms (collectors are under so much stress right now that they WILL negotiate).
He is making payments.
He is just angry at the change in payment that is going on, AND the fact that these companies are ALLOWED to get away with it and now use our tax dollars to subsidize it
I WISH the fed would have given BAC the loan to buy MER with a variable 22% APR
The day that the JPMs, BACs, and Cs of the world go down -- you know, the banks that shit on their own customers --will be a great day indeed...
Oh wait. I'm sorry. They almost did, until our bought and paid for stooges in DC agreed to bail them out.
Let the shitting on your customer experience continue...
Well if they hadnât jacked the interest rate and I was able to do the balance transfer thing back and forth, the debt would probably be more than half way paid off now. But now itâs still at the max because all the payments went to interest. So CC companyâs are putting themselves in a problem that they created.
Iâm not going to file bankruptcy. If I were to stop paying, and believe me that would be my last resort, and I were able to dodge the collections process for 3 years until the statute of limitations lapsed, my credit would still be ruined. That ruins a lot of things for the next 7 years. Inusrance rates go up or I get dropped. Iâll have a hard time ever renting an apartment. Any sort of business deal or lease could be comprimised. Even employers could see that and not hire me. This is a tough one. I would almost feel ashamed of my bad credit.
What I need to do is somehow pay one off. Then wait for them to send the balance transfer checks and pay off the other one. But really I just need to start a good business.
Absolutely 100% correct. They know I want to keep perfect credit, even though that means paying interest instead of principle. If I paid all this off tomorrow, my credit score would probably be back over 740 within a few months.
Look here. Sometime if you pay a fee for transfer balance, they will give you lifetime 0% interest, but with conditions.
Scroll to bottom for some other cc companys with offers. You have to maybe spend some time looking to find something good for you Stephan. Then you have to pay as much as you can to bring down the principle, and not charge any more for some time.
You have one card with all the debt, or many?
Here is link, scroll to bottom for cc companys to talk to.
http://www.moneybluebook.com/use-lo...alance-transfers-to-pay-off-credit-card-debt/
bac is getting beat the fuck up.
Bank of America downgraded to Hold at Stifel Nicolaus (7.18 ) : Stifel Nicolaus is downgrading BAC to Hold from Buy. The firm believes that they had to answer one simple question in order to maintain their Buy rating on the shares: If they had a clean slate, would we buy the shares today? Unfortunately, their answer is no. The substantial government ownership of the company provides: 1) too much uncertainty as it pertains to government intervention and political pressures, 2) sizable preferred dividend payments that represent nearly 23% of the company's peak earnings in 2006 and a significant headwind for income to common shareholders going forward, and 3) substantial shareholder dilution at the point in time when the company repays the government via a common stock offering.
