Me too, and I thought I was the only one! My parents have always had their cell phones paid for via work, so they had no “Family Plan”. Prepaid in HS until I turned 18 and could sign my own contract.
Thank you allcommission! I was absolutely shocked what my pre-approval amount was. When I looked at the monthly payments it was way more than I wanted to spend.
Also you are absolutely correct about Realtors. When I put my offer in she felt I should offer higher, I told her I wanted to start low and expect a counter offer. Seller ended up accepting my offer (no counter) and I closed 45 days later… With $7,000 less debt!
Credit card debt is not “paid off” during bankruptcy. It is merely dismissed. During a bankruptcy liquidation all non essential assets are sold and the funds are used to settle debt. Most of the time it is not repaid dollar for dollar. This causes the credit card companies to recoup their loss through charging interest rates to other consumers.
You do raise an excellent point that consumer debt is “out of control”. However most consumer debt is collateralized… Student debt is not. Cuban makes reference to the real estate bubble bursting. While the lax lending practices in the student loan industry are very similar to Clinton Glass Seagull act, the key difference is the lack of collateral. It will be very interesting to see how this bubble plays out with this critical difference.
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But does it include unlimited soup, salad and breadsticks?
Same here.
Okay, can somebody explain to me the plastic bottle vodka gift? I’ve never heard of it.
Why are you on a site called “Post Grad Problems” when you are 20? To clarify, it is “Post College Grad Problems”, not High School.
At least you got cheap dates at the movies. An AARP card and a student ID are bound to save a few shekels.
Working both days #pgp
Me too, and I thought I was the only one! My parents have always had their cell phones paid for via work, so they had no “Family Plan”. Prepaid in HS until I turned 18 and could sign my own contract.
Thank you allcommission! I was absolutely shocked what my pre-approval amount was. When I looked at the monthly payments it was way more than I wanted to spend.
Also you are absolutely correct about Realtors. When I put my offer in she felt I should offer higher, I told her I wanted to start low and expect a counter offer. Seller ended up accepting my offer (no counter) and I closed 45 days later… With $7,000 less debt!
Nice to see some Michigan love!
Speaking from experience, its not all its cracked up to be. You have to deal with the gigantic ego and crippling debt. Not worth it.
Pics or it didn’t happen…
People lie like no other…especially in this area. My former roommate had that listed as his income….and he had just declared bankruptcy!
*wondered
Yes! I wonder if anybody here would get my reference.
*Clinton’s Glass Steagall. Damn autocorrect
Credit card debt is not “paid off” during bankruptcy. It is merely dismissed. During a bankruptcy liquidation all non essential assets are sold and the funds are used to settle debt. Most of the time it is not repaid dollar for dollar. This causes the credit card companies to recoup their loss through charging interest rates to other consumers.
You do raise an excellent point that consumer debt is “out of control”. However most consumer debt is collateralized… Student debt is not. Cuban makes reference to the real estate bubble bursting. While the lax lending practices in the student loan industry are very similar to Clinton Glass Seagull act, the key difference is the lack of collateral. It will be very interesting to see how this bubble plays out with this critical difference.
It is so true! I have AUD in 20 days!