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PowerChat: á
PowerChat: *** Entered MoneyWhiz II on 6/26/97 at 07:32 PM ***
PowerChat: á
Elliot0409: hi
MW Bkrpt1C: Hi! still Lori... Paula will be here soon...
MW Bkrpt1C: It has been nice talking to you, how did you know to ask her a question if
MW Bkrpt1C: you didn't know about the class?
MW Bkrpt1C: Do you read her boards?
IHateDebts: Hi guys
Elliot0409: hi
MW Bkrpt1C: Hello welcome to credit and Debt 101...Paula is running late...she will be
MW Bkrpt1C: here soon...I am Lori.
IHateDebts: Hi Lori
MW Bkrpt1C: Hi Hate! Been here before?
IHateDebts: Seems everyone is running late
IHateDebts: Yes...a few times...I read the boards faithfully every day
MW Bkrpt1C: Paula will be pleased to hear that.
IHateDebts: Elliot..congrats on the parents contribution...
Elliot0409: thanks
Elliot0409: how did you know?
Elliot0409: read the boards i guess
IHateDebts: I told ya I read the boards faithfully ;)
Elliot0409: I got a lucky break
MW Bkrpt1C: Hi SoCal! Paula is running late..she will be here soon! I am Lori
IHateDebts: I will be debt free in September I hope
So Cal7067: Hi
IHateDebts: except I will owe 1 more year on my car
IHateDebts: Hi SoCal
So Cal7067: how are you, IHate?
IHateDebts: Pretty good..I got my credit reports this week
So Cal7067: I read the posts...
IHateDebts: That collection hasn't gone on their yet so I'm going to mail a payment to the doctor's offi
IHateDebts: ce tomorrow
So Cal7067: great
IHateDebts: I was amazed that none of the collection agency's from about 1.5 yrs ago were on there..whew
So Cal7067: they aren't the creditors, how could they report?
Elliot0409: How tough is American Express?
So Cal7067: wouldn't the doctor need to report it?
MW Bkrpt1C: Hey guys...Paula is here! Bye from Lori...have a good class!
IHateDebts: They can...there was one on there last time I got it but somehow it dropped off..even though
So Cal7067: well, my partner is 3 months behind with AmEx.
IHateDebts: it was only a year old
IHateDebts: Bye Lori
IHateDebts: Hi Paula
MW Bkrpt1C: Hey Michael, Missy, IHate, Elliot!!!
So Cal7067: hi, Paula
Elliot0409: what happened with being 3 months behind?
Elliot0409: hello
MW Bkrpt1C: Amex.. tough in what regard??? Getting a new card or being behind?
IHateDebts: i never had Amex
MISSY105: hi
MW Bkrpt1C: Hey Linda!***
MW Bkrpt1C: Issy** long time no see!
MW Bkrpt1C: Star**
ISSY2BLANK: hi Paula!
STAR McCOY: Hi Paula
ISSY2BLANK: I have been reading your posts, Paula
Elliot0409: I was behind for like 55 days BUT I kept then posted...they said ONLY internally will it be
Elliot0409: noted..but NOT on my credit report
ISSY2BLANK: I always keep up with the debt attitudes postings
MISSY105: what's the best way to go about re-establishing credit
MW Bkrpt1C: So Cal... what part of the Amex is he behind on? The revolving part or the prt
MW Bkrpt1C: that needs to be paid in full monthly?
IHateDebts: Paula..I got CR's and that doctor's collection wasn't on there..so tomorrow I am going to
IHateDebts: send the full payment to the doctor
So Cal7067: Optima, sign and travel, and the green card (!!!)
MW Bkrpt1C: Elliott.. usually they wont report it as ltae unless they don't hear frome you at
MW Bkrpt1C: all for 60 days.
MW Bkrpt1C: IHate.. excellent!!!
Elliot0409: but since I kept them posted..its alright
So Cal7067: I was "shaking in my boots" at first
MW Bkrpt1C: Issy.. I'm behind a week on debt attitudes.. anything interesting going on?
So Cal7067: but, they've just called and sent letters with escalating intensity in tone
ISSY2BLANK: not really, Paula, and tightwas living has just about died
ISSY2BLANK: tightwad, that is
MW Bkrpt1C: Are you guys trying to send anything in at all? When do you think yoyu'll do the bk?
So Cal7067: us?
STAR McCOY: Paula, did you receive my e-mail about the Supreme Court ruling on BK's?
MW Bkrpt1C: Issy.. sorry to hear tightwads is dying out.. but changing attitudes is great!
So Cal7067: what Supreme Court ruling, do tell please
MW Bkrpt1C: Star.. Yup! Thank you.. I keep sending you emails but they take forever to
MW Bkrpt1C: get to you!
ISSY2BLANK: I reread Mary Hunt's book
MW Bkrpt1C: SoCal... yes, sorry, forgot myself for a minute and didn't reference the post!
ISSY2BLANK: I'd love to be cash only
STAR McCOY: That's AOL slower than snail mail
Elliot0409: So...should I cancel all my cards?????
MsCashonly: Me too
MW Bkrpt1C: Issy.. Which book by Mary Hunt?
MW Bkrpt1C: Issy.. one day at a time
MW Bkrpt1C: MsC***
ISSY2BLANK: Cheapskate gazette
So Cal7067: Elliot, did you pay them?
MsCashonly: Hi Paula. Hi everybody.
Elliot0409: or should I wait till the cards that I exceeded credit limits raise my limits?
ISSY2BLANK: the Freedom Account is intriguing
Elliot0409: YES
ISSY2BLANK: hi cash
MW Bkrpt1C: Elliott... I would cancel all but the one with the lowest interest rate. Cut them
MW Bkrpt1C: up and send them back with a note asking to have athe accounts closed at
MW Bkrpt1C: your request.
Elliot0409: this way my high credit DOES NOT exceed my credit limit?
MW Bkrpt1C: Elliott.. don't wait.. you don't need the extended credit limits.. remember,
MW Bkrpt1C: that's what got you in the 20k debt in the first place!
IHateDebts: Elliot..I guess what you are asking is how does it look on your credit reports?
MW Bkrpt1C: Issy.. Oh yeah! Haven't read that in a long time.. it's here on my bookshelf..
MW Bkrpt1C: want to share the Freedom Account with everyone?
Elliot0409: yep
So Cal7067: Supreme Court ruling??
MW Bkrpt1C: Msmacs.. welcome!
Msmacs: Thanks MW
Elliot0409: theres like 4 accts that will show the High credit a few hundred dollars over the cred limit
ISSY2BLANK: It's a way to prepare for intermittent expenses, like car repair, insurance, clothes,
STAR McCOY: Yep Supreme Court ruling So Cal
ISSY2BLANK: gifts
MW Bkrpt1C: Elliott. that won't matter at all.
MW Bkrpt1C: Elliott. what they care about is the payment history... if it shows paid off in
MW Bkrpt1C: full, that's all they care about!
ISSY2BLANK: You put a certain amount away each month in each category
Elliot0409: II was never late
Elliot0409: on anything reported to bureaus either
ISSY2BLANK: and draw from the account when necessary
So Cal7067: what was the ruling?
MW Bkrpt1C: You guys are being easy on me... feel free to fire questions, lurkers!
MW Bkrpt1C: Excellent idea, Issy!
ISSY2BLANK: well, doing it is quite another thing, Paula
IHateDebts: OK...more credit report question ok?
STAR McCOY: ISSY, Sounds like Jerry Giles book Money Love
ISSY2BLANK: I haven't read that, star
MW Bkrpt1C: Issy.. have you tried my Penny A Day Savings Plan?
ISSY2BLANK: is it good?
ISSY2BLANK: no, I haven't tried it Paula, but I read about it in the posts
MW Bkrpt1C: IHate.. absolutely.. by the way, anybody know what topic I made up for tonight?
IHateDebts: nope
MW Bkrpt1C: Issy.. you should really try it.. it works! Ask Effie!!!
IHateDebts: I didn't know there were topics
STAR McCOY: <----Got a large jar of pennies :)
MsCashonly: I'm still doing the penny a day plan. It really does work.
MW Bkrpt1C: Effie used it to pay for an incredible Prom night for her daughter at the last
ISSY2BLANK: Paula, I was in a wedding last week...must have cost at least 17K
MW Bkrpt1C: minute!
ISSY2BLANK: not counting honeymoon
Elliot0409: hi
MW Bkrpt1C: MsC!! Atta girl!!!
ISSY2BLANK: as a bridesmaid, I ended up paying at least 250 dollars
So Cal7067: I'm really curious about this Supremen Court ruling
MW Bkrpt1C: Welcome back Elliot!
ISSY2BLANK: no, actually, about 3 hundred
ISSY2BLANK: me too, so cal
Elliot0409: i clicked off by accident
IHateDebts: What's the topic Paula?
STAR McCOY: I'll send you e-mail So Cal unless Paula would like to explain
So Cal7067: Thanks
IHateDebts: Could you post it in a folder STAR?
MW Bkrpt1C: Don't know, IHate.. Lori says it just said come in for credit & debt 101.. so
MW Bkrpt1C: maybe I don't have a main stream...
Elliot0409: Will I be getting a bunch of pre=approved shit now???
IHateDebts: LOL..oh ok..kind of a trick question then
MW Bkrpt1C: Star.. my brain is too tired to interpret Supreme Court rulings.
MW Bkrpt1C: Lashes.. welcome!
Lashes12: hello
ISSY2BLANK: Paula, I've been thinking about how difficult it is to spend less
ISSY2BLANK: I know that sounds obvious, but it is difficult
ISSY2BLANK: to cut back
MW Bkrpt1C: Star.. it' wont havae any lasting affect on consumers, though.
ISSY2BLANK: when you're used to this and that
MW Bkrpt1C: Star.. not with the Bankruptcy review commission prsenting its findings
MW Bkrpt1C: before congress on October 20th.
IHateDebts: ok..here is my next CR ?..everything is looking decent..9 R1's or I1's and 2 R9's...and
IHateDebts: everything has been on time for at least 1 year
Elliot0409: Paula...will I be getting a bunch of pre-approved shit now???
MW Bkrpt1C: Elliott.. Aboslutely.. you'll get lots of mail because now you're a "good credit
MW Bkrpt1C: risk" because they see your debt paid off.. but you know that you've still got
MW Bkrpt1C: 20k in debt to pay down.. so don't get lured in by their marketing pitches!
So Cal7067: I got my Experian and TransUnion reports, there aren't an Rs on there at all
So Cal7067: I'm confused
IHateDebts: BUT...that nasty repo...it was last March 1996...I agreed to pay 1500 if the 2500 balance
MW Bkrpt1C: sIssy.. I use the "I can have ANYTHING I want; I just can't have EVERYTHING
MW Bkrpt1C: at this very moment."
MW Bkrpt1C: Issy.. it helps me stay focused on what my goals are.
ISSY2BLANK: that's an interesting way of looking at it
STAR McCOY: I could post it. Which folder IHateDebts?
IHateDebts: to settle the account..so I am sending last payment tomorrow..at which time they say they
MW Bkrpt1C: SoCal.. what do they use to show your payment history, 30-60-90, right?
Elliot0409: should I cancel all my cards and take ONE low interest card that I get pre-approved for?
IHateDebts: will send me the contract marked "Paid in Full" and notify the credit bureau...is there
So Cal7067: everything just says "paid as agreed" (it goes on and on and on)
Elliot0409: B/C all my cards are 15% and up
So Cal7067: actually, "paid as agreed, never late)
IHateDebts: anything I can do to help with this repo on the record..it is with Ford Motor Credit..
ISSY2BLANK: I need to slip out, good luck everyone
IHateDebts: should I throw myself upon them to improve my credit report?
MW Bkrpt1C: Elliott.. you could do that, but it's better to just stick with one that you
MW Bkrpt1C: already have, and only charge what you can PAY IN FULL each month.. that
MW Bkrpt1C: way the interst rate won't matter.
ISSY2BLANK: Paula, thanks for the encouragement
Elliot0409: TRUE
Elliot0409: TRUE
MW Bkrpt1C: IHate.. what were the circumstances that caused the repo?
MW Bkrpt1C: Elliot.. I would pick one and call and ask them to lower your interst rate to
MW Bkrpt1C: 8.9% or you're going to cancel. Keep doing tht with each of them unti lyou
MW Bkrpt1C: find one that will do it.
MW Bkrpt1C: Night Issy!
IHateDebts: STAR..how about Mad Dog: Bankruptcy?
MW Bkrpt1C: Welcome Mibb.. forgive me for not saying hi sooner!
STAR McCOY: Okay I try to post right now.
MW Bkrpt1C: IHate../Star.. or New Credit After Bankruptcy!
Mlbbishop: Hi--Just looking on--my debts are fine
IHateDebts: well..we were behind on EVERYTHING...we had an arrangement to extend 2 months and only have
IHateDebts: to pay 1 payment..we were in the process of moving and changing jobs..I sent the payment but
MW Bkrpt1C: IHate.. how did you manage to get everything caught up?
IHateDebts: the check bounced...(account screwed up due to move)..I called them once I moved and left a
IHateDebts: message for our rep to call us. I couldn't talk to him because we were in a different time
IHateDebts: zone. he called me back but I missed him..I called him the day I mailed the payment but
IHateDebts: again missed him and asked it be posted to my account that I was mailing payment
Elliot0409: Where can I get my FICO score?
IHateDebts: that was Tuesday .. Friday I woke up and car was gone..I called and he said he got payment
IHateDebts: that morning (what mail delivers at 8:00am..must have got day before) and nothing he could
MW Bkrpt1C: Eliot.. your "WHAT??"
So Cal7067: did you get it back?
IHateDebts: do..so that was it! I got caught up because I made a spending plan and stuck to it
STAR McCOY: Okay it's posted IHateDebts
Elliot0409: my credir rating? I believe its called the F.I.C.O. score
IHateDebts: Thanks STAR
IHateDebts: The bum thing is if they would have had voice mail I could have left him a message..I had
MW Bkrpt1C: Elliott.. it's an arbitrary score that is determined by different
MW Bkrpt1C: creditors.. I don't know that consumers can get it.. why would
MW Bkrpt1C: you want it?
Elliot0409: the credit reports have no rating on them
IHateDebts: tried to contact him!
Elliot0409: just for my own sake...
MW Bkrpt1C: IHate... The fact that you made good on the debt and all others are current
MW Bkrpt1C: reflects well with new creditors.. is there any creditor in particular you're
MW Bkrpt1C: concerned about turning you down for something?
Elliot0409: beleive it or not. although I was deep in debt and actually..still am..I know a lot of trick
Elliot0409: to improve credit
Elliot0409: probably every trick in the book
IHateDebts: well..we have survived on one car for over a year..but very hard..now that we will be out of
IHateDebts: debt in August we would like to get a used truck for my hubby
Elliot0409: even as far as buying something and returning it to get a high balance on credit report
So Cal7067: they kept the car?
STAR McCOY: Trick number one Elliot? I'm all ears
IHateDebts: Yes..and sold it
MW Bkrpt1C: Elliott.. Marc Eisenberg (I think that's his name) wrote a book where he gives
MW Bkrpt1C: information on how many of the creditors score ratings that might help.. don't
MW Bkrpt1C: know the name of teh book though!
Elliot0409: like if you have an account with a limit of 2,000 at Sears....
Elliot0409: you buy something for 1500 and return it 3 weeks later
IHateDebts: Why would you do that?
MW Bkrpt1C: IHate.. I think that will be very doalble. Do you have a banker that youre on
MW Bkrpt1C: good terms with at yor bank?
Elliot0409: the 1500 still goes on credit report as high credit but it still goes on as a 0 balance owed
MW Bkrpt1C: Gud, Max.. welcome!
IHateDebts: We are at a new bank since we just moved back! I do have a credit union I have my car loan
Elliot0409: it looks like you paid it up...creditors have no clue to what you did
IHateDebts: with and my computer loan which I paid off last week..and a personal loan which I am paying
Elliot0409: I did that on all my cards that I didn't already ring up
MW Bkrpt1C: IHate.. excellent.. is there a particular person you deal with for the car loan?
STAR McCOY: Where's my Sears Card? Oh, I forgot that's a charge off on my Trans Union report
IHateDebts: last payment on next week...all were late but are ok now
MW Bkrpt1C: Star* LOL
IHateDebts: Yes..but I don't like him..he is very intimidating..when I got the personal loan 2 years ago
MW Bkrpt1C: IHate.. excellent! Do you deal with a single person at the credit union?
MW Bkrpt1C: When you got the car loan?
IHateDebts: he tried to tell me I was on the verge of screwing up my credit
IHateDebts: I just feel awful to face him again
MW Bkrpt1C: Elliott.. you have to be careful.. you're making your credit report look like you
MW Bkrpt1C: ahve a lot of available credit, which will backfire when you want to buy a
MW Bkrpt1C: home!
STAR McCOY: Here one. Find three banks that report to the credit bureaus. Take out a secured loan f
MW Bkrpt1C: Ihate.. when did he tell you this?
IHateDebts: I know everyone in the collection dept by name sad to say
STAR McCOY: from all three and apy them off. TripleAAA credit
MaxLuCo: I was looking for a chat room Maddog talked about early this week with tips about bankruptcy
IHateDebts: 2 years ago when I first starting becoming late on stuff..he got me an extension on my loans
MW Bkrpt1C: IHate.. anyone who's been really good to deal with in the collection dept at
Elliot0409: I cancelled all those store cards
MW Bkrpt1C: your credit union?
IHateDebts: for 1 month..but little good that did at the time
MW Bkrpt1C: Elliot.. good for you!
IHateDebts: Yes..the manager..see they repo'd my car..but I begged and got it back but I had to catch up
MW Bkrpt1C: Max.. that would be us! We handle all questions about credit and debt..
MW Bkrpt1C: including bankruptcy! How can I help?
IHateDebts: all the payments on all 3 loans..that took all my money which is what made me late on the
IHateDebts: other truck that ended up getting repo'd....the credit union didn't report the repo they did
IHateDebts: I guess since I got the car back from them
MW Bkrpt1C: IHate.. I would contact that manager when yor'e ready to starta looking for a
MW Bkrpt1C: Iused truck, explain that you've paid off all your debts and wondered if he
MW Bkrpt1C: could recommend someone in the loan department for you to talk to abouat
MW Bkrpt1C: getting a used car laon.
MaxLuCo: We are trying to sell house to get out of debt after medical and job problems now cards are
IHateDebts: That's an idea...
MaxLuCo: ridiculous with interest and no one wants to consolidate.
IHateDebts: She told me I seemed sincere and that she was sticking her neck out for me...and I've been o
MW Bkrpt1C: IHate.. this shows your appreciation for what the collection manager did for
MW Bkrpt1C: you, (Be sure to thank him for his help earlier!) and it may earn h im a bonus
MW Bkrpt1C: for making the referral.
So Cal7067: when I got my car loan, the bank turned me down because I was on my first job and had
IHateDebts: no later than 15 days since then...and everytime I was going to be late at all I would call
IHateDebts: them and explain
STAR McCOY: I once had a repo. Wrote the credit bureau and they couldn't confirm it. Off the report
Elliot0409: I really feel that b4 anyone cancels a card..they wait till Credit limits exceeds high cred
So Cal7067: not been there 3 years. The branch manager used her ability to overrule the credit dept.
Ranu2508: Excuse me, would anyone know how to use aol to get more information about financing a college and medi
So Cal7067: and approved it. She said she could do that only a couple of times a year
Elliot0409: cause when a creditor sees accts over the limit..that lowers your score
MW Bkrpt1C: Elliott.. if the account is closed and paid in full it doesnt matter.
So Cal7067: but, I went in and talked to her a lot before I applied and developed a rapport with her
MW Bkrpt1C: Ranu.. look in the moneywhiz boards under college!
Ranu2508: ...a college and medical school education
MW Bkrpt1C: Welcome HUF..
MW Bkrpt1C: Max.. how much debt are we talking about?
HUF222: hello!
Elliot0409: that only applies to OPEN accts????
So Cal7067: try, IHate
MaxLuCo: We have been told to file bankrpt and keep house with cars I would like another choice
IHateDebts: SoCal...I'm confused..what did the branch manager override?
MW Bkrpt1C: Elliott. yup!
Ranu2508: thanks MW
Elliot0409: another question...............
So Cal7067: talk to the branch managers at several banks before applying
STAR McCOY: I got turned down for a checking account because of one charge off 6 yrs. ago
MW Bkrpt1C: Max.. there may be another ooption.. how much are all the debts and how
MW Bkrpt1C: much equity do you have in the hosue?
MW Bkrpt1C: Max.. and what's your income?
Elliot0409: I still have a secured card with Sterling Bank and Trust
So Cal7067: the credit department's rejection of my application because I was "new on the job"
STAR McCOY: Otherwise a perfect credit records
MW Bkrpt1C: You're welcome Ranu!
IHateDebts: There is another credit union I can join thru work and I thought about talking to them too
So Cal7067: I got the car loan.
Elliot0409: Imy secured account has 1400 hundred in it..Myt credit limit is 1600
Elliot0409: I owe them 1500
Elliot0409: what should I do?
IHateDebts: So Cal..no prob there..I've been in same business for 4 years and hubby 3 years
Elliot0409: cancel card and have them pull $$ from security funds?
MW Bkrpt1C: IHate.. you'll probalby be better off with the folks who have dealt with you in
MW Bkrpt1C: the past. They know your word is good.
So Cal7067: my point is...talk to managers at the branches of a few banks about your situation before
MaxLuCo: We are co-owners not married and our personal debts are 30k ea with our income 90k
IHateDebts: That's true Paula..cause if I tell them when I can pay I always stick to it
So Cal7067: you apply anywhere. Find someone who will work with you before you apply
MW Bkrpt1C: Clsoe the secured account; have them use the 1400 to pay down the bill and
MW Bkrpt1C: pay them a the remaining 100 to get it over and done with.
IHateDebts: Did you have Credit reports in hand So Cal?
So Cal7067: That may be true, but talk to them.
MW Bkrpt1C: Equity?
MW Bkrpt1C: (Max?)
MaxLuCo: Our house is 2 yrs old-all problems started after that with operations and job loss
Elliot0409: BRB
So Cal7067: yes
So Cal7067: she seemed to like that
STAR McCOY: When I apply I ask what credit bureau do they use. Then I know if I have a chance
MW Bkrpt1C: Max.. who recommended bankruptcy to you?
IHateDebts: hhmmm...I'll keep you posted..what's bad is I want to wait to buy until my credit report get
MaxLuCo: Equity is not there-maybe we would get most of our downpayment back
MW Bkrpt1C: Max... are you able to stay current on your bills right now?
MW Bkrpt1C: Wecome back Ranu!
IHateDebts: updated that repo is paid in full..and hubby found a good deal on a truck...so I don't know
MaxLuCo: Yes, barely
IHateDebts: best way to proceed.
Ranu2508: MW- I can't find college under moneywhiz
MW Bkrpt1C: Max.. any way to rent out a room in the house to generate more income?
So Cal7067: take your cancelled checks in, it might work
MaxLuCo: No, we are out in the country with 4 acres
MW Bkrpt1C: IHate.. I'd do it in just that order; pay off the repo, wait for 30-60 days, then
MW Bkrpt1C: visit the credit union, find out what you can qualify for, then shop for a godo
MW Bkrpt1C: bargain with the financing already qualified for.
IHateDebts: Yes..I guess if I can show I've paid it...she did say she would send me a letter too
Mann214: Hi
MaxLuCo: A co-worker just filed for bankruptcy and smiles about it
MW Bkrpt1C: Ranu.. I can help you after 11, unless you want to just browse around
MW Bkrpt1C: MMoneywhiz's man in boards and see if you find it!
MW Bkrpt1C: Mann**
MW Bkrpt1C: Max...it can be a great relief, but it doesn't sound necessary in your case..
Mann214: How's everyone doing?
IHateDebts: Paula..does it seem reasonable that I could get interest rate in 10-12% range?
MW Bkrpt1C: max.. have you talked to a credit counselor?
MW Bkrpt1C: Max. .tried to set up a budget to get the debt paid down?
Ranu2508: alright..
MaxLuCo: No haven't talked to credit counselor.
HUF222: Does using a credit counseling service effect your credit rating?
MW Bkrpt1C: Max. I'd try that first.. they do good budgeting work, and it doesn't show up
MW Bkrpt1C: on your credit report.. only if they actually take over making the payments on
MW Bkrpt1C: your behalf.
MW Bkrpt1C: IHate.. or lower!
MW Bkrpt1C: Mann.. we are prosperous!
IHateDebts: does anyone know what the basic rate is on used car? I don't even know
MW Bkrpt1C: Huff. yes, using a cccs affects your credit rating, but not as bad as a bankaruptcy!
Mann214: ARe we?
MaxLuCo: My budget is-necessities only nothing else is getting purchased
STAR McCOY: <--I'm prospersous. Got a jar full of pennies :)
MW Bkrpt1C: We are always prosperous.. our lives are full!!
MW Bkrpt1C: Star***
Mann214: Full of debt.
So Cal7067: IHate, go to bankrate monitor on the web and look for your area
MW Bkrpt1C: Max.. have you looked around to see if there are things in your life you can
MW Bkrpt1C: get rid off,.. that you haven't used for over a year?
Mann214: But luckily we have people like you to advise us....Paula
IHateDebts: SoCal..where is that? Moneywhiz section?
MW Bkrpt1C: Mann.. full of a new willingness to reduce debt!!!
So Cal7067: world wid web
MW Bkrpt1C: (mann.. you're here aren't you?)
Mann214: True....
STAR McCOY: Three cheers for Paula!!!
MW Bkrpt1C: Welcome HB!
IHateDebts: ok..I'll try Yahoo to find it
MW Bkrpt1C: IHate.. who you calling a Yahoo??? LOL
So Cal7067: http://www.bankrate.com it may be bankrate_monitor.com
MW Bkrpt1C: SoCal... Bank Rate Monitor can also be found on the main Moneywhiz screen!
Mann214: It's just as well I didn't complain when I was having fun getting into debt.
IHateDebts: Definitely not you Paula!!
MW Bkrpt1C: (They bought Moneywhiz...)
MaxLuCo: Yes, I sold things at an antique fair in April ,have booth for October-I work all wkends
STAR McCOY: Just us Hill Billies Yahooooo!!!!!
So Cal7067: really
IHateDebts: Star..are you in TX?
So Cal7067: do they own our posts?
STAR McCOY: Nope. Southern Chicago IL
So Cal7067: what will they do with them?
MW Bkrpt1C: Max.. how about relationships that have resentments or that are draining you
MW Bkrpt1C: that you need to unburden yourself from?
IHateDebts: ok..deep south there! LOL
MW Bkrpt1C: Star.. I was raised outside of Chicago.. and my sister in law lives in Tinley Park!
MW Bkrpt1C: I'm in the sticks of Maryand now, so I'm a Hill Billie.. or a bay billie!
MaxLuCo: MWBk-sorry I don't understand?
STAR McCOY: I Luv the SOUTH. You all come back here yull hear
MW Bkrpt1C: So Cal.. Nope, no one owns our Posts!
IHateDebts: hey hey..I'm in TN!
IHateDebts: No hillbilly jokes! LOL
STAR McCOY: I was in Nashville last December. Love it
So Cal7067: Paula, I envisioned you as near the beltway
HUF222: Nothing wrong with the south, I live in Houston!
Mann214: Best cooks from the South.
MW Bkrpt1C: Max.. sometimes we hold onto relationships that have served their purpose..
MW Bkrpt1C: but because we hold on to them, they drain us.. zap our energy.. limit our
MW Bkrpt1C: abundance in other areas of our lives.. I know it sounds kinda out there but
MW Bkrpt1C: it's a metaphysical law of prosperity.
MW Bkrpt1C: Effies in TX too!
STAR McCOY: Going Back To Huston. Let's hum a few verses
IHateDebts: STAR...I had moved to Nashville..too big for me...that's why I moved back
MW Bkrpt1C: SoCall. beltway??? UGGGGGGHHHHHH!!!!!
IHateDebts: to the mountains
So Cal7067: how did we get into relationships?
MW Bkrpt1C: Comp.. welcome!
STAR McCOY: Come to Chicago. I'll show you BIG
MW Bkrpt1C: SoCal.. trying to help Max free up the money needed to start paying down
MW Bkrpt1C: the debts so he/she doesn't have to declare bankruptcy!
MaxLuCo: MW- sounds as if you've been there
MW Bkrpt1C: FIFTEEN MINUTE WARNING!!!
Gudinuf: MW can you talk a bit more about metaphysical laws of prosperity
IHateDebts: Paula..one more ?..then I'll shut up..of course, as I said before, my parents are in chpt 13
IHateDebts: (no wonder I didn't know how to manage money) my dad got sick of his job and got a new one
IHateDebts: in sales..he went 3 weeks and didn't make any money..so he quit it and went back to his old
MW Bkrpt1C: Max.. been there.. done that.. and it's sometimes an ongoing thing.. like right
MW Bkrpt1C: now... the money flow in has ebbed.. and when I sat down and got quiet and
MW Bkrpt1C: looked inside to see what might be stopping it up, I realized I have this
MW Bkrpt1C: HUGE resentment with my mother at the moment..
So Cal7067: money jumped to relationships, ok
IHateDebts: one...so he lost 3 weeks of wages...they are behind on 13..anything they can do?
MW Bkrpt1C: IHate.. the trustee may recommend that it be involuntarily converted to a
MW Bkrpt1C: Chapter 7; the 13 would be dismissed.
MW Bkrpt1C: Gud.. sure.. anything in specific?
HUF222: I always thought they should spend more time teaching money mgmt/ consequenses in school!
STAR McCOY: Good book on prosperity YOU CAN HAVE IT ALL by Arnold Patent
IHateDebts: that would be a bummer cause it's all secured..then they'd use up the 7 and no safety net
IHateDebts: for a big catastrophe...
Gudinuf: don't know anything about the topic....but seems a good area to explore
MW Bkrpt1C: Huf.. When I was on Financial Freedom a few weeks ago, Jim Barry actually
MW Bkrpt1C: recommended that I start contacting schools about teaching money
MW Bkrpt1C: management in the high schools.
So Cal7067: great idea!
MW Bkrpt1C: iGud.. It's really interesting.. and effective! The prosperity laws are based on
MW Bkrpt1C: everything being energy.
IHateDebts: I think that's a great idea..it's so easy to get over your head...I'm only 21 and been thru
MW Bkrpt1C: Money is energy..
MW Bkrpt1C: It's not good or bad, it just is.
STAR McCOY: So when will thaey rerun your show Paula?
IHateDebts: it all! At least by the time I'm 30 i'll know the lessons!
MW Bkrpt1C: And to keep energy flowing, everything has to be lined up.. like with a
MW Bkrpt1C: battery.. and the wires going to and from it..
MW Bkrpt1C: IF anything is out of wack, it screws up teh flow. You might get some juice
MW Bkrpt1C: (money) but you wont' get all you deserve!
HUF222: Great idea! Since credit card co. are targeting college kids, teach them before it's too lat
MW Bkrpt1C: IHate.. I was 21 when I went bk!
STAR McCOY: 21? Isn't that a card game :)
IHateDebts: Poor hubby..I just drug him down with me! He had good credit before we got married...
Gudinuf: Another reason kids need to be in good health financially (or anyone looking for work) is
MaxLuCo: My connection had some error-was gone for five min.
MW Bkrpt1C: IHate. .for better or for worse!
Gudinuf: beacuse most large co do credit checks. We have to turn down lots of folks even
MW Bkrpt1C: Max.. luckily, you can download the whole transcript after tomorrow!
IHateDebts: LOL...yea..hopefully worse is behind..getting better every day ;)
Gudinuf: if they don't handle money issue on the job.
STAR McCOY: I think debt is out of control emotions. Just an opinion
MW Bkrpt1C: Gud.. why is that?
MaxLuCo: How? I am still a tenderfoot
MW Bkrpt1C: Gud.. I mean, is there a particular thing that jumps out and makes people
MW Bkrpt1C: look worse? than others?
So Cal7067: mine is out of work, and not for the first time. transitioning from being a lawyer, which
Gudinuf: It's a VERY common practice in business these days....I'm not sure of all the reasons
So Cal7067: he hated. Sometimes I want him to just be a lawyer again, the money was
So Cal7067: much better. But, he is the happiest he's ever been in the last 10 years, even
Gudinuf: may be about responsibility, management skill, communication, etc. At the same time
So Cal7067: though every credit card he has is now cancelled
MW Bkrpt1C: Star... that's one way of putting it.. it's making money decisions an emotional
MW Bkrpt1C: issue.. if you want a good book on takking the emotion out of money, try
MW Bkrpt1C: Stuart Wilde's The Trick to Making Money Is Having Some.. he's a dry Brit
MW Bkrpt1C: who's a bit over the edge for me some times (like recommending that you
MW Bkrpt1C: don't say "Thank You" for a month to take the emotion out of giving and
MW Bkrpt1C: recieving!)
Gudinuf: my co makes loans to people who couldn't usually get them so we don't knock all
STAR McCOY: The burnout rate is very high among lawyers
Gudinuf: bad credit :)
So Cal7067: about 80% of his friends from school are not practicing
MW Bkrpt1C: Max...you just go to Chats.. then select Download...
STAR McCOY: <--I met Stuart Wilde. An Englishman as I recall
IHateDebts: one other question about CR inquiries..I did get that car loan thru Ford Motor credit...but
Mann214: Gud....What company do you work.
Gudinuf: The higher the position the more in-depth the credit search. It's a big expense to
MW Bkrpt1C: Gud.. I've never heard of people being turned down for a job if they wern't
MW Bkrpt1C: going to be handling money. I'd like to hear mroe about that somet ime!
MW Bkrpt1C: But now.. it's time to go!!!
MaxLuCo: Thanks MW
IHateDebts: they pulled Equifax report FOUR times in five months..and it's not a PRM either!
Gudinuf: companies but the outcome has proved to be worth it.
MW Bkrpt1C: Gud.. what if someone has a recent bankruptcy.. does that make them a
MW Bkrpt1C: better or worse risk?
MW Bkrpt1C: Thank you all for coming tonight!
MW Bkrpt1C: Please come again.. and tell your friends!
STAR McCOY: Good nite Paula
MW Bkrpt1C: Please browse the Moneywhiz credit & debt folders!
IHateDebts: Thanks Paula
Gudinuf: don't know the corralation....but if you don't get a job because of poor credit the
Mann214: Bye, Paula
MW Bkrpt1C: Please feel free to email private questions..
Gudinuf: employer must disclose this
MW Bkrpt1C: Please feel free to let me know if you're itnerstsed in comeing to my free
MW Bkrpt1C: Tuesday prosperity class that will take palce at 9pm EST for the next three
MW Bkrpt1C: weeks..
MW Bkrpt1C: TYhanks Gud! And as always.......
STAR McCOY: Will I be prosperous after 3 weeks?
So Cal7067: bye
MW Bkrpt1C: I"M OOUUUTTTTTAAAAA HHEEEEERRREEEE!!!! Aboslutely Star!!!
MW Bkrpt1C: More prosperous than you were!!!
MaxLuCo: I will be there Tuesday