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OnlineHost: GAClicks has entered the room.
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GIANTS97: i HAVE 2 CAR LOANS- 2 - 401K LOANS AND MY DAUGHTER IS GOING TO
COLLEGE SOON
GAClicks: hey all
SharliL: I've tried going for consumer credit counseling, the woman there
told me I shouldn't do it
MWDebtFree: McEwen - What time frame are you looking at to get that replaced?
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McEwenJS: Now
SharliL: because my car's too old...
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MWDebtFree: Giant - Then it sounds like you don't need to take on another
loan.
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Rob1021277: Should I just keep paying the min. on a car loan 6.9 5,500 and
student loan 7.75 8,500.
McEwenJS: Summer in KS can't be without air
MWDebtFree: Especially a home equity loan.
MWDebtFree: You are already in deep and if anything happens to disturb the
balance, you could
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MWDebtFree: find yourself in a lot of financial trouble.
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BOZOGUY: Hi all
GAClicks: start with the smallest one and then move on Rob
GIANTS97: ON SOME IT IS- i AM TRYING TO PAY OFF THE HIGH INTEREST FIRST
MWDebtFree: hey Bozo!
Ljsowers: Hi Bozo
Rob1021277: Thanks.
MLemm0: is anyone here familiar with Dave Ramsey?
BOZOGUY: Hi, MWDebtfree! MWFreedom asked me to stop by.
GAClicks: bozo you are such a clown
MWDebtFree: MLemmo - I used to work with Dave.
KDanleyCT: mwd, what was your home equity loan comment referring to
BOZOGUY: HI, Lj!!
MWDebtFree: Bozo - Thank you!!!!!
MWDebtFree: KD - Which one hon?
BOZOGUY: no prob :)
MLemm0: I listen to his radio show frequently!
MWDebtFree: MLemm - He's got a big following, especially since he's gone
nationwide.
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MLemm0: The Money Game!
TEN 04: how do i pay off my cards if i can only make the minimum payment with
only 30cents left over
GIANTS97: WHAT IS THE STRATEGY TO PAY THESE PAIN IN THE ASS BILLS OFF??
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MWDebtFree: LOL Yes, The Money Game
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TEN 04: between income and out going
BOZOGUY: TEN04---you are a perfect candidate for my payoff plan
MWDebtFree: Giant - I'm sorry hon, is the $500 just the minimums?
MLemm0: He helped me with my first home purchase.
Rob1021277: Get a part time job?
GAClicks: try to negotiate for a lower interest rate Ten
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CCSodapop: What's the money game
MWDebtFree: ML - He did? He's a great guy! I loved working with him!
GIANTS97: ON SOME IT IS AND OTHERS ALLITLE MORE THAN MINIMUM
BOZOGUY: first, TEN, how many different debts are we talking about?
TEN 04: please tell me bozogut
MWDebtFree: The Money Game is a financial radio show.
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CCSodapop: elaborate
MWDebtFree: Giant - First you need to talk with your creditors. See if they
will lower the interest.
MLemm0: Had a suprise after my home loan was sold.
TEN 04: about 3 visa's and 2 master cards
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MWDebtFree: Giant - Then you need to agressively work at paying off that
debt.
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MWDebtFree: Giant - Start by paying down the card with the lowest balance and
work your way up.
BOZOGUY: thats good, TEN. the more the debt is spread out, the easier it is
to free up cash
GAClicks: a little is better than none TEN
MWDebtFree: ML - ???
BOZOGUY: MW's advice above applies to you too TEN
SharliL: So how do I get a handle on these bills -- every time I think I've
got it worked out,
SharliL: something happens
BOZOGUY: TEN, what is owed on the smallest debt?
GIANTS97: i HAVE 2 @ 6.9, 1 @ 9.9 TILL i PAY IT OFF 1 @11.9 AND 1 @12.9
MLemm0: My escrow was not sufficient, they want me to make it up on the next
payment.
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CCSodapop: is paying min. on each bill and concentrating on one a good idea
MWDebtFree: Sharl - What kind of things happen?
TEN 04: about 1,500
MWDebtFree: HI MSCASH!!!!
MsCashonly: Hi there.
MWDebtFree: CC - Yes.
SharliL: Engines blowing, roof repair...
MWDebtFree: Shar - That's why you need an emergency fund.
BOZOGUY: TEN, and you say there is only $.30 left at the end of the month?
GIANTS97: YOU ARE GOING TO BE BUSY TONIGHT mw!!!
SharliL: I had one until the first disaster....
CCSodapop: what statiion is the Money game on?
BOZOGUY: Can you do better than that, TEN? Save a little more?
MWDebtFree: Shar - Then you have to immediately start to put money back into
it.
MWDebtFree: CC - What city are you in?
TEN 04: total debt is about 15,000
BOZOGUY: What do you earn per year, TEN?
MWDebtFree: Giant - LOL EEEEKKK!!!!
CCSodapop: LA
GAClicks: that isn' t that bad TEN
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GAClicks: MW has seen worse
SharliL: There's a little back in it now, but not enough to fix the roof, and
keep up with current
SharliL: bills
MWDebtFree: CC - I'm not sure what station carries The Money Game in LA.
I'll see what I can find out.
CCSodapop: ok, thanks
BOZOGUY: Ten??? Are you here?
MWDebtFree: Shar - Where do you stand debt-wise?
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GAClicks: on her feet?
GIANTS97: sO YOU CANNOT GIVE ME ANY ADVICE????
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McEwenJS: Mwd- since I don't have the cash would it be better to put ac/htg
on credit or try putting
GAClicks: GIANT pay off the smallest debt first them move to the next
smallest etc...
McEwenJS: all debt on a consolidation?
MWDebtFree: Giant - Honey I am.
MWDebtFree: GA - THANKS!!!!
SharliL: Right now, have about 8K medical, 7K credit cards, 1500 student, and
living exp
GAClicks: never consolidate
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MLemm0: My home loan was sold and they claim my escrow account is low.
TEN 04: ya .. i make 1241.74 a mo
MWDebtFree: ML - Have you called Dave?
BOZOGUY: GA IS RIGHT----NEVER CONSOLIDATE!!
GIANTS97: tHANKS- ga
McEwenJS: More on credi card?
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MLemm0: No, busy working when he's on
GAClicks: no problem GIANT - listen to MW she helped me
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MWDebtFree: Shar - Are you able to make all your minimum payments right now?
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MWDebtFree: ML - Try calling him at the office. He always takes calls.
MWDebtFree: If not, ask for Russ or Lewis.
BOZOGUY: TEN.....if you cannot earn extra $ and things are really that
tight...then.....
MLemm0: ok
MWDebtFree: They can help.
SharliL: Only so long as credit card lets me stay on "hardship"
GIANTS97: i AM PAYING ALMOST $100 A MONTH IN INTEREST- NO CONSOLIDATION????
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MWDebtFree: Shar - What's the interest rate on the cards?
BOZOGUY: you may need to consider combining ONLY TWO of the smallest
debts......
SharliL: 16%
TLN1882007: No consolidation Giant
MWDebtFree: Giant - If you pay off the card with the smallest balance first,
then you can use that
BOZOGUY: and then paying the minimums on all except the smallest
KWischow: hello I'm with AEX
GAClicks: consolidation ends up freeing up money to spend again - look where
that got you!
BOZOGUY: until it is paid off.
MWDebtFree: money and roll it into your next smallest debt.
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MLemm0: Is it really a bad idea to have a credit card, even if you pay the
whole balance every month
GAClicks: Sharil that is very high have you tried to get it lowered?
BOZOGUY: MW and I are singing the same song here!!
MWDebtFree: KW - You're with who?
TEN 04: i have an ex husband that owes me 8,000 dollars accoding to the court
but i don have the mon
MWDebtFree: ML - YES.
GAClicks: credit cards are invented to simply make people spend more than
they have
TEN 04: to go after him for it
BOZOGUY: Can you have his wages garnished, TEN??
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MLemm0: why?
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GIANTS97: tHANKS ROOM FOR THE ADVICE - i'LL KEEP CHUGGING ALONG
SharliL: Don't really know how -- think no other co would give me a lower
rated card, so stayed
BOZOGUY: TEN, you can get free legal help all over the place.
TLN1882007: ten, how about legal aid. do you have it in your area?
GAClicks: there are not-for profit legal firms TEN
SharliL: where I was
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MWDebtFree: ML - Because all else aside, you will spend up to 30% more when
you pay with a cc vs. cash.
MWDebtFree: Proven fact.
TEN 04: i already get my childsupport that way they will not take any more
out
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TEN 04: wgere
MWDebtFree: GA - HE'S GONE
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TEN 04: soory where
MLemm0: I purchase item through the mail, tax free, pay off at end of month
no interest!
GAClicks: Sharil, try getting the existing company to lower it
BOZOGUY: TEN, do you rent or own?
KWischow: anyone from CT here
KDanleyCT: ct here
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KWischow: hello kdanley
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SharliL: Why would they do that GA, they have me right where they want me!
TLN1882007: Sharil, just say that you were reviewing your statement and you
noticed that your were being
GAClicks: because it will get them their money faster Sharil
KDanleyCT: mwd, i started noting every penny this week (3rd day now)
BOZOGUY: TEN??
KDanleyCT: hi kw
GIANTS97: i HOPE WE ALL HIT THE LOTTO- CUT THE CARDS UP AND SEND THEM BACK TO
THESOB'S
MWDebtFree: Shar - GA is correct.
TLN1882007: charged 15.9% (or whatever) and ask if that's a mistake. Then
SHUT UP
MWDebtFree: GIANT - YES!!!!!
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SharliL: Hm...worth a try...
TLN1882007: Then ask why this is so high because another credit company is
only charging you 9.9% and
TLN1882007: SHUT UP again
MWDebtFree: Shar - Nothing ventured, nothing gained.
MsCashonly: Sneaky TLN, but I love it.
MWDebtFree: Shar - If they are scared they won't get their money, they'll do
whatever it takes to make
MWDebtFree: sure you can pay.
MWDebtFree: Even if that means lowering your existing interest rates.
TLN1882007: If they don't offer to lower it, ask them to. If they say no,
ask for a supervisor and do
TEN 04: live with my parents he (the ex let our house go into forclosure i
finally sold it but had t
TLN1882007: the same thing all over again.
MWDebtFree: Hey Shar?
GAClicks: Sharil they don't want an expensive legal battle - they would
prefer to be nice and get
SharliL: Yes?
GAClicks: payed!
TEN 04: to pay out $1700 to do so ..
GIANTS97: GOOD NIGHT ROOM- THANKS FOR THE ADVICE- DISCIPLINE IS THE ANSWER-
GO FOR IT
MWDebtFree: Do you have good credit with them now or are you behind?
BOZOGUY: For many, using promo interest rate cards is much cheaper than
negotiating for rates
KDanleyCT: tln, any conditions to their lowering the rates
TLN1882007: It's not lying. Most of us do have another credit company that
charges us less (my house)
GAClicks: goodnight GIANT
BOZOGUY: You can get 5.9% in six month intervals
MWDebtFree: Night Giant!!!!
SharliL: I'm coming out from being in a bad spot with them MW....out of work
for about a year...thing
KDanleyCT: g'nit giant
SharliL: s got behind everywhere.
MWDebtFree: I see. Okay. Honey, if you've been keeping all those balls in
the air without dropping
SharliL: I've been making regular payments now since last fall.
MWDebtFree: them, you've done GREAT.
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TLN1882007: KD, the only conditions I was told was that my account had to be
current.
GAClicks: that is a sign of good faith Sharil - try to ask for a lower rate
and point that out
MWDebtFree: Good point GA!
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KDanleyCT: how is a rate of 12.65
MLemm0: You all make me feel good, I don't have car or credit card payment,
only house note.
KDanleyCT: go away ml
BOZOGUY: Paying any interest is too much to some, KD
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KDanleyCT: kidding
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MWDebtFree: KD - Pretty good actually.
KDanleyCT: too much to me bo
MWDebtFree: ML - You rule!!
BOZOGUY: ME TOO, Mlemm....and the mortgage will be gone soon too!
KDanleyCT: what the company's incentive to lowering a rate
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TLN1882007: EXCELLENT ML. We're jealous. But we have no right to be.
You're the smart one!
MWDebtFree: First of all, to keep your business if you have good credit with
them.
MWDebtFree: If you're having trouble, it helps to make sure you can afford
your payments.
MWDebtFree: They'd rather have some than none.
GAClicks: I'm not jealous - it has taken hard work I bet
KDanleyCT: good credit? i.e. they make money off me?
TEN 04: so how do i make my minimums lower so i can start paying off someof
these thngs
SharliL: Would it be better to approach them for interest reduction than
hardship minimum?
MWDebtFree: Shar - YES
BOZOGUY: TEN, you can negotiate, or your Accountant can, for them to STOP
interest all together
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SharliL: I was about to renew the hardship...maybe I'll try another tack...
MWDebtFree: Shar - The lower the payment you make, the better it is for them.
BOZOGUY: TEN, then you can even get a free period of time out of them....no
minimums due at all
MWDebtFree: Shar - That's because the lower the payment, the longer you stay
in debt.
BOZOGUY: just agree up front
MWDebtFree: Shar - And the more interest can accrue.
KDanleyCT: if Im prepared to cut the card and mail it back, is the company
going to be excited about it
MWDebtFree: If they lower the interest rate, it accrues at a slower pace.
BOZOGUY: no, KD
TEN 04: ok
SharliL: I think my daughter's going to inherit this debt!
BOZOGUY: LOL, Sharlil
MWDebtFree: Shar - LOL It seems that way sometimes.
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GAClicks: Sharil it will take time but you will get through this
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GOlaugh453: Anyone here involved in the DRIP
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GAClicks: I've been called a drip!?!?!?
SharliL: the Drip?
KDanleyCT: boz, so will they not likely want to negotiate rates from then on?
BOZOGUY: I have found (with my clients) that paying off debt works best when
a 'couple' works togethe
MWDebtFree: DRIP - A type of investment.
SharliL: My ceiling does that when it rains...
MWDebtFree: LOL Shar!
BOZOGUY: together to get it done.
KDanleyCT: couple? me and cc co?
GOlaugh453: Dividend Reinvestment Plan
BOZOGUY: Like husband and wife....boyfriend/girlfriend, etc.
SharliL: Ah....
TEN 04: so if i write letters to these card holders what do i need to say
MWDebtFree: GO - I am too impressed with you.
GOlaugh453: Why?
BOZOGUY: TEN, it would work best if someone could intervene for you.....or
MWDebtFree: You knew the anacronym.
MLemm0: MWD, your from Nashville! I'm from Goodlettsville.
MWDebtFree: ML - Hi neighbor!
GOlaugh453: Isn't is the investment chat room
BOZOGUY: you could say that you are unable to pay BUT you WANT TO PAY IN FULL
SharliL: I'm from Bowling Green!
MWDebtFree: I told you I worked with Dave!
MWDebtFree: Go - No this is Credit and Debt 101
KDanleyCT: got kinfolk in TN
KDanleyCT: howdy yall
MWDebtFree: Shar - Howdy neighbor to you too!
MWDebtFree: LOL
GAClicks: do you have to pay taxes on DRIPs in the US?
GOlaugh453: Ok sorry about that see ya later
BOZOGUY: (TEN) and you just need X number of weeks or months to get on track
MLemm0: I didn't know if Dave had only worked in Nashville
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MWDebtFree: ML - His office is in Brentwood.
BOZOGUY: GA, only on the income
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MLemm0: The exclusive area.
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GAClicks: see you get an exemption up here for it
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TLN1882007: Shar, I think that you should fix your roof. Forget your
payments to the card companies
TLN1882007: They aren't crying over your leaky roof
MWDebtFree: Shar - TLN is right.
MWDebtFree: Take care of you first.
MWDebtFree: They can wait.
TLN1882007: And they won't care if you skip your payment
MWDebtFree: WHICH IS THE REASON CONSOLIDATION LOANS DON'T WORK.
TEN 04: ok ..i file the b word but really don't want to should that be put
into my letter
GAClicks: you need to be haelthy and secure to make the money to pay off
debts sharil
MWDebtFree: You can't skip payments to them without losing your home.
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BOZOGUY: MW, is this a quiz or do you want an answer??
TLN1882007: There are plenty of others that will feed their wallets for a
couple months
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TEN 04: correction i have though about the b word
SharliL: Problem is getting the loan to get the roof...if I make more mess of
my
SharliL: credit rating, fewer chances to do the other stuff...
BOZOGUY: TEN.....NO B word!!
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TLN1882007: Can't you just fix that section for now Shar?
TEN 04: OK
MWDebtFree: Shar - Have you tried to see if a company will work with you so
you can pay them
BOZOGUY: PAYING OFF YOUR DEBT IS ONE OF THE SINGLE MOST CHARACTER BUILDING
MWDebtFree: monthly instead of a loan?
BOZOGUY: EXCERCISES THAT AN ADULT CAN PERFORM
MWDebtFree: Yes Bozo!
TLN1882007: Shingles are very cheap. You may even be able to do it yourself
MWDebtFree: TLN - How ambitious!
BOZOGUY: TLN, now you're talkin'
TLN1882007: I'm learning to do quite a bit with more money
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TEN 04: but should i put that in my letter
GAClicks: hey my grandfather got shingles - hurts like the dickens!
SharliL: LOL TLN...I'll have more medical expenses then...
BOZOGUY: Yeah, like keep it!
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TLN1882007: Less money, I meant
TLN1882007: LOL, no you won't.
MWDebtFree: Shar!!!! LOL
TLN1882007: You'll have less medical expenses and your family will get your
life insurance!
BOZOGUY: TEN, yes you can put that in your letter
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SharliL: LOL
SharliL: Ouch
BOZOGUY: HOW MANY PEOPLE HERE HAVE AT LEAST TWO JOBS??
BOZOGUY: I do
Nick emk: me too
Effie lin: me
PandaB1047: what is the topic of this room
BOZOGUY: Panda...paying off debt
TEN 04: ok i'll write my card holders and see if that works if so i can start
with the smallest and
TEN 04: work my way up
BOZOGUY: WHO ELSE? WHO HAS MORE THAN TWO JOBS??
Bilsibob: Not I
BOZOGUY: Good JOb, TEN
TLN1882007: Not me. I have three.
TEN 04: ok i guess
BOZOGUY: Yippee, TLN.....hard worker!
SharliL: I have trouble keeping up with the one I have...
TEN 04: but i work mids
PandaB1047: what about getting a new card and transfering debt from card to
card at lower interest its
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BOZOGUY: That works, Panda
Effie lin: I use to work 3 jobs - but I am doing better financially, down to
2 now
PGS81: what am I writing to my credit card companies
BOZOGUY: When you are working....you cannot spend $$$$$$
PandaB1047: right on
CGert38919: It only works if you get rid of the card you paid off
TLN1882007: Congrats Effie! I don't really work three jobs, guys. I work
one for 50 hours. My second
SharliL: That's true, Bozo...
TEN 04: i would like to write some childrens book but don't know how to get
started
PandaB1047: true
TLN1882007: job is MOM and my third is WIFE
MWDebtFree: Hey Effie! I didn't see you come in!
GAClicks: tough jobs TLN!!!!!
MWDebtFree: TEN - There are some excellent sites on AOL for writeres.
MWDebtFree: writers.
MWDebtFree: sorry.
CGert38919: Those types of jobs are the hardest - they're called
relationships
GAClicks: and spell checkers MW???
BOZOGUY: That's ok MW.....that is the Canadian spelling - LOL
MWDebtFree: Okay GA!
MWDebtFree: LOL
GAClicks: HEY I"m canadian
MWDebtFree: Canucks! Jeez.
SharliL: LOL Bozo...
BOZOGUY: Relax, GA.....I'm half French Canadian
TEN 04: i'm all new to this i have looked at a few but need some where to
send my woerk but i'm tryi
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MLemm0: What is the best way to pay early payments on home loans?
BOZOGUY: (and half Sicilian---wanna come over for supper.....its GREAT)
GAClicks: BOZO a frog?
TEN 04: work sorry
MWDebtFree: ML - Send them in separate from your normal monthly payment.
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MWDebtFree: And make sure it's marked to go towards principle.
BOZOGUY: MLemm.....first understand how the mortgage works!
TLN1882007: ML, see if you can pay every two weeks. It's not that much more
money and you end up
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BOZOGUY: ITS NOT ALWAYS BEST TO MAIL IN EXTRA PRINCIPAL PMTS....WANNA KNOW
WHY??
TLN1882007: with at least an extra payment yearly which cuts a 30 year loan
to about an 18 yr loan
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MWDebtFree: TLN - Yes, but make sure that second payment is marked towards
principle otherwise
SharliL: Why Bozo?
MWDebtFree: it will just get counted as a payment.
GAClicks: please tell us bozo
PGS81: DebtFree - What about credit cards? What's the plan?
MWDebtFree: PGS - CUT THEM UP!!!
BOZOGUY: For a 30 year mortgage-----pick a payoff date-----say 20 years
GAClicks: don't use the credit cards
JOLOMB: I HAVE SOME MAJOR CREDIT CARD DEBT. PLEASE HELP
MLemm0: Someone told me about the every two week plan
GAClicks: well bozo?
BOZOGUY: If you send in extra principal pmts vs. saving the payoff
amount....you lose...
MWDebtFree: JOLO - Shoot! How much debt are we talking about?
BOZOGUY: something very important.....
BOZOGUY: the liquidity of your $$$$
JOLOMB: APPROXIMATELY 25,000
BOZOGUY: You can save EXACTLY the same amount of interest....
BOZOGUY: if you SAVE the money until the payoff date....
BOZOGUY: and just send it in.......
MWDebtFree: JOLO - Is this all on credit cards?
BOZOGUY: You never know what life will bring..things change all the time....
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JOLOMB: YES IT IS AND I'M DESPERATE FOR A SOLUTION
TLN1882007: BOZO, you are talking to compulsive debtors here. Do you really
think we could SAVE
TEN 04: thanks all for the help i'll let you know how the story ends.... i'm
going to go make some
TLN1882007: the money for 30 years!
TEN 04: money now
MLemm0: I'm a little far from Payoff
MWDebtFree: Jolo - How many cards? Are you making your minimum payments now?
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BOZOGUY: TLN, paying off a mortgage early is only for savers
JOLOMB: FIVE LEFT. I HAD NINE
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MGarza7579: hello
TEN 04: i owe i owe it's off to work i go
BOZOGUY: HI, MGarza!!
MWDebtFree: Hey MGarza!!!!
TLN1882007: I'm definitely not a saver! LOL, but our first house did make a
big difference in the
MGarza7579: is there someone here that can still answer questions about
credit report?
BOZOGUY: Hey TEN....stop spending.
BOZOGUY: What, MGarza?
TLN1882007: principle amount when we sold it. Just by one extra payment a
year
MWDebtFree: JOLO - You're moving in the right direction then. Are you
keeping up with payments?
TEN 04: only to pay what i owe
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TEN 04: thanks
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JOLOMB: i TRY AWFULLY HARD AND i HAVE BEEN TRYING TO WORK THROUGH CCCS
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MGarza7579: There is a collection showing up on my credit file that i paid
before it reached collections
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MWDebtFree: Jolo - Has CCS been working for you?
MGarza7579: last year and it is on my report it was a cable company that i
made payment at
MLemm0: Bye all.
BOZOGUY: Good question, MW
MGarza7579: actual office and i do remember last year i had to call because
they said they
BOZOGUY: Buhbye, MLemm
MWDebtFree: Bye ML!!!!
JOLOMB: They set the monthly payment pretty high and sometimes it is hard to
manage the pmt.
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MGarza7579: didnt' receive it so i gave them my receipta and the account is
paid but its on report
MGarza7579: how do iget it removed?
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MWDebtFree: Jolo - Well, it's going to be high, but it's still only 2-3% of
what you owe.
BOZOGUY: MGarza, you should contact the creditor for a solution first.
MWDebtFree: What kind of interest rate are we talking about?
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BOZOGUY: and ask them to correct their reporting.
MGarza7579: ok
MWDebtFree: MGarza - And send the request certified, return receipt
requested.
JOLOMB: But the only problem is if I don't keep the payment going that's set
for me, they'll cut me
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BOZOGUY: MGarza.....tell them you "Guard your credit jealously" and intend to
protect it.
JOLOMB: off the program
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MGarza7579: i have asked this question here before but i am going to the DVM
tomorrow so i need to know
MWDebtFree: Jolo - Were they able to eliminate any of the debt?
JOLOMB: no I did it on my own
MGarza7579: what to say i purchased a leased vehicle last year and traded it
in for a cheaper leased
MWDebtFree: Jolo - Then are they doing anything for you?
MGarza7579: vehicle and lost my 9,000 down payment and payments what do i
say about how i
MGarza7579: got ripped off?
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JOLOMB: I have cut up all credit cards and am paying all purchases cash
BOZOGUY: What is DVM, MGarza?
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MWDebtFree: Dept. of Motor Vehicles.
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MGarza7579: sorry the dmv
GAClicks: that's DMV
JOLOMB: CCCS keeps the creditors off my back
MWDebtFree: Jolo - But have they done any negotiating for you?
BOZOGUY: Why would the DMV care that you got ripped off? I do not understand
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BOZOGUY: Jolombl......they also keep your $$$...most people dont know that
MGarza7579: someone told me online that there was a consumer fraud dept where
you could report
MGarza7579: a problem at the dmv is this true?
MWDebtFree: Hello Diana!
JOLOMB: Not really. I paid the cards off that I did by accepting settlement
offers from those i owe
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BOZOGUY: At the DMV? Never heard of that. The phone book will have it listed
though.
Diana732: hello,room
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MWDebtFree: Jolo - Then why are you using CCS? They aren't doing their job!
BOZOGUY: HI, Diana
MGarza7579: bozoguy so where would you go if you felt you were a victim or
car fraud?
GAClicks: hey 732
JOLOMB: I know but I don't get the phone calls from creditors ninety times a
week anymore
MGarza7579: sorry of car fraud
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BOZOGUY: By a dealer or an individual, MGarza?
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TLN1882007: Hi Legacy
MGarza7579: a dealership that i am still under contract with with my current
car
JOLOMB: The creditors have been accepting the payments with no hassle so far
LEGACYSJAX: Hi I finally got here
MWDebtFree: Jolo - LOL I know. That in itself makes it worthwhile!
MWDebtFree: Legacy!!!!!
MWDebtFree: Hello!
PGS81: I heard they, ccs make money negotiating, a percentage, true
BOZOGUY: MGarza...the person with the most power is the "District Manager" or
.....
MWDebtFree: PGS - True.
LEGACYSJAX: Hi
JOLOMB: LOL you better believe it. But the pressure gets pretty bad
BOZOGUY: "District Rep".....they can do anything for you that they want.
MWDebtFree: PGS - They make their money off of the credit card companies.
MGarza7579: the district manager of leasing agency? wouldnt he be on the side
of his dealers?
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BOZOGUY: NO.....the Regional Guy.......paid by the manufacturer
MWDebtFree: Jolo - You know you can make them stop calling yourself.
Cressie3: how?
JOLOMB: I don't know how. I've tried everything.
BOZOGUY: The Regional Rep is supposed to make customers happy. and believe
me...they can.
MGarza7579: so i need to find out the name and number of the Regional manager
of the Leasing agency
MGarza7579: then?
MWDebtFree: Cressie - Send a certified, return receipt requested letter
telling them too.
MWDebtFree: If they continue, they are in violation of Federal law.
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BOZOGUY: MGarza...did you lease from a dealer? or some leasing company?
Cressie3: thanks..
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MGarza7579: The name of the company is called Lease Atlanta that is a
dealership that acquires
MGarza7579: cars and leases them
JOLOMB: They are so nasty. they are even calling my husband and I at work.
Cressie3: MWDebtFree,. if one does choose bankruptcy, can you still get a
college loan?
BOZOGUY: what kind of car?
MWDebtFree: JOLO - have you told them not to call you there
MGarza7579: your info sounds so helpful but i want to make sure who i need to
speak with
TLN1882007: Thunder MP recently posted a Cease and Desist letter in the Money
Whiz boards.
JOLOMB: Yes we both have and they refuse to abide.
TLN1882007: Last Friday I think.
MGarza7579: because when the problem occurred they just said they were right
and it all went into
MGarza7579: paperwork
MWDebtFree: Cressie - It will be hard. Student loans are federal so they are
a little more strict.
MWDebtFree: Jolo - Then they are operating outside of the law.
BOZOGUY: MGARZA...WHAT KIND OF CAR IS IT?
JOLOMB: How can I get them to stop?
MWDebtFree: Jolo - You need to document everytime they call, who calls, and
what time.
MWDebtFree: Also, send a letter telling them to stop.
Cressie3: thanks
MGarza7579: i had a Q-45 that was 23,000 and i traded it for a ford explorer
that was supposed to be 12,
MGarza7579: 12,000
JOLOMB: I have been doing that.
MWDebtFree: If they continue, sue them.
GAClicks: Q45 nice car - great nackamichi stereo
MGarza7579: i put 9,000 down on Q-45 and made payments for six months of
416.22
JOLOMB: Sue them for harrassment?
GAClicks: smooth powerful V8
COJJ: Jolo-Legally if you tell them not to contact you at work and they still
do it is harrassment
GAClicks: sweet car
MGarza7579: and lost all equity and payments and had to put additional 1000
down on explorer
MWDebtFree: LOL Any car questions need to go to GA.
GAClicks: sorry
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JOLOMB: I have told them that I am going to contact an attorney and they
still call.
MWDebtFree: Sorry why? That's your area of expertise, not mine.
BOZOGUY: What do you mean "had to"?
MWDebtFree: Jolo - Stop telling them and just do it.
JOLOMB: I will
TLN1882007: Jolo, seek legal aid and DO IT
MWDebtFree: Nothing works as well as a sheriff with a cease and desist order.
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MGarza7579: i could no longer afford the payments so i traded it back in i
had a baby at the time
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JOLOMB: I'm in a political job and this is so embarassing for me.
BOZOGUY: MGarza...and how were you cheated??
GAClicks: sheriff or bailif
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BOZOGUY: because you paid too much??
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MGarza7579: so the saleman said i could and my payments would be cheaper but
they are not much
MWDebtFree: Jolo - Nothing to be embarassed about.
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MWDebtFree: They should be embarassed for breaking the law.
MGarza7579: i feel cheated because how can i lose 10,000 or more on a
vehicle?
TLN1882007: Jolo, no one need find out
BOZOGUY: Then why did you sign the lease, MGarza?
STAR McCOY: Never believe a salesman
JOLOMB: It's an election year and if the public found out about I could lose
my job.
GAClicks: vehicles - especially in that class depreciate exceptionally wuick
GAClicks: quick
BOZOGUY: Now, now, STAR
TLN1882007: Jolo, are you Clinton?
JOLOMB: NO
Cressie3: you're right about that Jolo
MGarza7579: i was illinformed and thought there would be equity to go toward
a future purchase
MWDebtFree: Go Bubba!
Bozzsi: LOL TLN
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STAR McCOY: <---I'm a salesman :)
TLN1882007: Me too
BOZOGUY: MGARZA.......LET ME LET YOU IN ON SOMETHING....WHEN YOU LEASE....A
CAR...
BOZOGUY: ITS LIKE "RENTING"......THERE IS NO EQUITY
MGarza7579: so the 9,000 i put down was for NOTHING?
MWDebtFree: Yeah, leasing bites.
Bozzsi: then why it Gods name would any one lease a car
BOZOGUY: No, not for nothing....that was rent
LEGACYSJAX: SInce we are talking about vehicles I need to get rid of a 95
Chevy s-10
BOZOGUY: Sometimes it makes sense, Bozzi
GAClicks: depends on the lease BOZO some leases allow the individual to buy a
car they know for a well
GAClicks: depreciated price
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LEGACYSJAX: It would lower my debt a lot
MWDebtFree: Bozz - Because the car companies make it look like a sweet deal.
It's not.
BOZOGUY: Legacy, should be no prob....trucks sell quick
Bozzsi: :::looking confused:::
PGS81: So I shouldn't be leasing a car?
MGarza7579: but i always purchase my car this the the 3rd car i bought from
these people
LEGACYSJAX: well a teenager has been driving this one
MGarza7579: and i have never had a problem until now
GAClicks: people lease because they get a new car hassle free ever couple of
years
MWDebtFree: PGS - Not if you want to get out of debt.
GAClicks: not for a money savings
Bozzsi: It any feels the need to threw money I will take it off of your hands
MWDebtFree: PGS - If you lease, you will have a perpetual car payment.
LEGACYSJAX: COuld anyone tell me what is the least I should take for it
MGarza7579: bozo, the cars i lease are always used
JOLOMB: THanks for the advice MW. I at least learned that the creditors are
in violation
MWDebtFree: Ask GA.
LEGACYSJAX: trade or sell
MWDebtFree: He probably knows the blue book value.
BOZOGUY: MGarza....now you are talking "buy"....i thought it was "lease"
GAClicks: what year is it?
LEGACYSJAX: I owe about 8 on it
MGarza7579: so if i ever lease i shouldn't put but 1,000 down so i won't lose
my money?
LEGACYSJAX: 95
TLN1882007: Jolo, please read the boards here. You'll be surprised at what
you find
LEGACYSJAX: straight drive
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GAClicks: straight drive? huh?
LEGACYSJAX: cd player and air with 29k
MGarza7579: it was a lease with option to buy, why would i put 9,000 down on
a car i would
LEGACYSJAX: unfortunately
MWDebtFree: Automatic.
GAClicks: they all came with air legacy
Bozzsi: The boards here were my link to sanity for along time
MWDebtFree: Manual?
SharliL: Well, nite all...thanks for the info
JOLOMB: I'm new to the net TLN. Where do I find the boards?
MGarza7579: never want to own if that was the case iw ould have gotten a new
mercedes or something
GAClicks: they are all auto
MWDebtFree: Goodnight Shar!!!!
LEGACYSJAX: they do?
MGarza7579: thats why i feel cheated
TLN1882007: MG, right here. Just put in keyword Money Whiz. Expect to stay
up all night!
GAClicks: yes legacy the Q45 is a premium car the most expenssive nissan
money can buy
BOZOGUY: Looks like its time to read the fine print, MGarza
TLN1882007: It made me feel so great to get involved.
MWDebtFree: MGarza - It's not uncommon to feel cheated when dealing with auto
dealers.
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BOZOGUY: Here is my opinion....NEW CARS ARE FOR RICH PEOPLE
MGarza7579: Look, i know i made the mistake i know i have gotten swindled
some how i just
GAClicks: remember one thing - it is the options that dealer's make their
money on
MGarza7579: want to try to rectify situation so no one else has the same
problem
MGarza7579: i have never owned a new car in my life
MWDebtFree: FIVE MINUTES LEFT YOU GUYS
BOZOGUY: MGarza.....figure out the facts....if you were really cheated...the
State Attorney General's
Bozzsi: I had a new car once..in 1989..I still have the same car..Other than
basic up keep it runs
Bozzsi: good
BOZOGUY: office can help
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JOLOMB: How do I find the boards?
MGarza7579: GA, are you a dealer or something?
MWDebtFree: lol
BOZOGUY: MW...I'll hang around a while
MWDebtFree: No, he just knows cars like the back of his hand.
MWDebtFree: Bozo - Great!!!
GAClicks: LOL no, just a bit of knowledge I picked up
PGS81: What is lol
MWDebtFree: laugh out loud
GAClicks: Laughing Out Loud
Bozzsi: Only five minutes left can't we stay longer
GAClicks: beat me again
STAR McCOY: I'm looking for a good used car
MWDebtFree: Bozz - Bozo will still be here.
GAClicks: MW charges after the show
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LEGACYSJAX: GA then do you have a blue book or black book or whatever color
those books are??
TLN1882007: my books are all red right now
BOZOGUY: I have a yellow NADA book here....
GAClicks: Legacy I am in Canada - the prices here are radically different
JOLOMB: thanks for the help everyone. bye for now.
Bozzsi: OMH thank heavens
GAClicks: sorry
LEGACYSJAX: LOL
PGS81: lol
LEGACYSJAX: good gracious they have aol everywhere
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MGarza7579: so your only advice Bozoguy is the go to attorney general's
office with my complaint?
MWDebtFree: Just add 30% and you have the difference.
TLN1882007: yep, legacy, even Europe!
MWDebtFree: More or less.
GAClicks: hey STAR if you want some used car buying advice there are some
things everyone should know
BOZOGUY: No, MGarza...my advice is to figure out the facts first....
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MGarza7579: i know i did wrong by signing papers but i guess i trusted
salesman because i worked
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MGarza7579: with him before
STAR McCOY: I'm all ears
BOZOGUY: and find out EXACTLY what happened.......
LEGACYSJAX: I tell you you learn something new everyday
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BOZOGUY: and if you just got a bad deal or were really cheated or lied to
MWDebtFree: GA???
GAClicks: ok you have two choices 1. get a mechanic to look at it that will
be a bit of insurance but
BOZOGUY: MGarza...there is no law against over charging over zealous
customers!
GAClicks: then you lose a bargaining chip
MGarza7579: the car i have now(explorer) was supposed to be 12,000 but all
over my paperwork
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MGarza7579: it says something like 17,000 and some change with 2,500 option
to buy
GAClicks: BUT option 2. test drive it and hope it is ok can be dangerous
MGarza7579: at end of lease
BOZOGUY: What was supposed to be $12,000? The buyout?
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VAMICA3: hi all
BOZOGUY: HI VAM
MWDebtFree: Hi Vam!
DNewey8214: gnite
MGarza7579: the explorer was supposed to be 12,000(made in lease agreement)
with a 2,500 buy
MGarza7579: out at end of lease
MWDebtFree: Goodnight DN!
GAClicks: a good rule of thumb is that for every year old the car is - have
$200-250 dollars in
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GAClicks: reserve to fix future problems
BOZOGUY: Maybe the $17,000 includes charges not included in the $12,000
GAClicks: remember that warranties are transfereable
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MWDebtFree: Wow GA! That's a sweet tip!
GAClicks: remember that a certification/safety means little, the engine can
still go in a week
MGarza7579: the only additional charges added up to 1,500 thats why i had to
put money down
BOZOGUY: Not here guys.....my 1977 Nova costs zilch to keep running!
MGarza7579: that was the price for the paperwork and change of contract
GAClicks: a saftey looks only at obvious things like brakes, tire tread
etc...
PGS81: Where's a good spot on aol to find car info
Elisssa: hi everone
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VAMICA3: hi elisssa
BOZOGUY: As I said, MGarza, you do not seem to understand how the deal was
structured....
BOZOGUY: you must find out all the facts first.
VAMICA3: what is everyone talking about?
MGarza7579: I understand when i went down to the lot i had talked to him
first on phone for him
BOZOGUY: Anything you like VAM
MGarza7579: to let me know when he would get explorers in and when he did i
went down there
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MGarza7579: and he showed me one i liked it was 13,000 i told him i would pay
12,000 and he said
MGarza7579: fine(only verbally) cant find anywhere i paperwork how much car
is have you looked
BOZOGUY: When you say $12,000 and $13,000.....do you mean total lease
payments?
MGarza7579: at a lease agreement before?
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MGarza7579: NO
VAMICA3: anyone else in deep DEEP cc debt??? Thinking of the big "B"?????
BOZOGUY: you mean purchase price then?
LEGACYSJAX: I have taken Neils advice and decided that everything is neg. I
bought a 250 new prom dress yesterday
BOZOGUY: NO B allowed here VAM
MGarza7579: 12,000 plus interest of course on a 3 yr plan with 2,500 buy out
LEGACYSJAX: for 64 dollars
GAClicks: um show is over!?!?!?
TLN1882007: In DEEP debt. No BK for me. I'm going to fix the problem
VAMICA3: I wish!!!
MGarza7579: i just want to make sure that the car is not 17,000 plus 2,500 to
take over
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VAMICA3: How? tln
TLN1882007: WOW legacy
LEGACYSJAX: I knew you would be impressed
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GAClicks: legacy, you own a Q45 and are prom aged?
BOZOGUY: The leasing company can clarify for you , MGarza
MGarza7579: that would be 19,500 and that is ridiculous does interest
accumulate 6,000 over
LEGACYSJAX: LOL
MGarza7579: a 3yr period?
LEGACYSJAX: I am a Grandmother
TLN1882007: Vam, make no more debt. Period. It's a mental process, believe
me. But you can
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LEGACYSJAX: I dont own the whatever car that is
TLN1882007: do it. The only thing that you have to worry about is your
family and your secured
LEGACYSJAX: I wish!
GAClicks: hey a Q45? A hot rod granny? great luxosportster!
TLN1882007: debts (the things they can take away if you don't pay).
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LEGACYSJAX: My husband owns a new Camaro
MsCashonly: Good night everybody.
VAMICA3: all the cc's are gone since jan97, but the bills are tooooo much
TLN1882007: The card companies don't care about your family. They can wait.
BOZOGUY: Goodnight, Ms
LEGACYSJAX: I have 4 teenagers
MWDebtFree: Goodnight MsCash!!!
TLN1882007: Vam, what is toooo much then?
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BOZOGUY: VAM.....before choosing a payoff plan......
GAClicks: not a big fan of the camaro - the 1st-4th mandatory shift is a pain
MGarza7579: goodnight
BOZOGUY: you need to answer one question.....
VAMICA3: we we're just so stupid for 9years!!! now we're trying and not
getting anywhere...cccs has
BOZOGUY: Do you have any $ left over at the end of the month?
MWDebtFree: Okay y'all. I'm going bye-bye. See you next week!!!!
Elisssa: i have a camrro and it has been good accept for in the snow
LEGACYSJAX: That was his dream car-I am sure we got sc-ewed with the price
MWDebtFree: Bozo is staying with you for awhile!
BOZOGUY: MW.....Goodnight!
VAMICA3: not helped...still only literally a couple dollars at the end of the
payperiod
MWDebtFree: Bozo - Thank you again!
TLN1882007: Vam, what do you mean then? Do you have doctor bills or
something?
BOZOGUY: sure....:)