Financial Advice

[dizzin9]

I do make less than $500 a week, and for those of you that imply im irresponsible, read the part about me making alot more before which was supposed to be stable but then lost my job, thus making things tight now. What you guys dont seem to comprenhend that I do not want to get rid of the speed3 because well Ill be $2k upside down, and in 3 or 4 months Ill be graduating college, I would think I could get a job, if I do id be making 3x what im currently making. So why would I panic now if in 3 months the situation will change for me? TheRealDeafman thats good advice, forgot about those companies, if I cant talk the bank into reducing my interest and lowering my payments somehow, I will def. talk to one of those.

see people, it's all good. no need for further "advice".

/closethread

 

[Kain]

... I would think I could get a job...

You and the nearly half-a-million people who lose their jobs every month...

 

[mazdaspeedster3]

Im not getting rid of the Speed3 , its either lifestyle which is really only car mods because my life consists of work-school-work, or just not paying down my debt. I can actually make my payments, tight but i can make them, I just want to see if i can lower my car payments, or any of my other payments so i can pour some money into my debt, i also have a little stash of cash under my bed incase something happens, but ofcourse thats incase something happens i dont wanna touch that, if i touch that i can actually pay all of my credit debt, which is under 4k$ but I wanna keep it there. I guess maybe im asking for too much and should just keep paying minimum but i always thought being proactive is better than just getting by.

If you have enough cash to pay off your credit card debt there is no better solution than doing just that! Cut the cards up and cancel all but your oldest one (longest running credit on your report) and use that for your emergency fund until you have saved up that under the matress fund again. interest rates are killing you and having the money to stop from paying MORE money is the best option hands down! Seriously, pay off those cards.

Also, if you are the co-signer on the loans that are going to BR than there is a good chance the banks come after you for those payments when all said and done. Your parents will be forgiven and the loans will be in default and you will be liable for the entire loan ammount at once.

 

[Circle9]

I think its obvious that the majority of people that gave advice encouraged the OP to sell the car.

But what could we possibly know? Not like we're in a bind and have debt that's eating away at us.

 

[pointysticks]

this thread is daunting.

i agree with the posters saying to sell the car. you bought the car thinking payments would be "do-able" knowing that you had a job. well, you lost the job. it was unexpected, but it happened. now you are in financial trouble. you are hoping to keep the car thinking you are going to graduate and get a job...guess what? it could be a possible situation in which you dont find a job right away. guess what? your bad situation will get worse in a hurry.

you do realize that most of your perpective jobs will run your credit score check to see you are a rule player or breaker. i had mine run. super glad i never over extended myself. if you are up against a dude with a perfect score, HE WILL GET HIRED! not you.

2k upside down? you shouldnt have gotten the car in the first place. USE this as a lesson! learn from this..never be in the same situation again. LEARN! your parents should too. harsh...sorry.

good luck with graduation, and the job search! congrats. what is your major of study?

 

[AWDthis]

After looking at my credit report today, transunion has me at 615 but I think something else is going on with my report because well, should it show I made a "joint" bk like its doing? I think perhaps credit agencies have my and my father confused (Same name, very similar social number, same address, we used to work for the same company, his construction company) What do you guys think?

Im doing Radiologic Sciences at the moment, so basically Id be going into the Radiographer/CT/MRI tech field.

 

[pointysticks]

GREAT FIELD! you may score a gig right out of school afterall!

dont know much about the credit report stuff. good luck.

 

[AWDthis]

GREAT FIELD! you may score a gig right out of school afterall!

Thanks, yeah even thought is not as good as it used to be theres still lots of opportunities out there. Plus night differentials and on call pay are really good (yes)

 

[daonly1around]

but nights suck, and form what i hear being on call sucks because your at home, but can't enjoy yourself to the fullest potiental, but still thats a great fields.. good luck

 

[TheRealDefman]

After looking at my credit report today, transunion has me at 615 but I think something else is going on with my report because well, should it show I made a "joint" bk like its doing? I think perhaps credit agencies have my and my father confused (Same name, very similar social number, same address, we used to work for the same company, his construction company) What do you guys think?

Huh, that's a little fishy looking for sure....

Im doing Radiologic Sciences at the moment, so basically Id be going into the Radiographer/CT/MRI tech field.

Healthcare is always a good choice, fairly recession-proof industry. I was in healthcare IT for quite a while, got tired of dealing with pain-in-the-ass doctors.

 

[AWDthis]

got tired of dealing with pain-in-the-ass doctors.

You aint lying brotha, specially surgeons

 

[dizzin9]

you've gotta learn... to rap, play basketball or somethin'! ya trapped... you are TRAPPED! either do that or sell crack, that's your only option... it's the only way i've seen it work! get to DANCIN'!