http://www.askmrcreditcard.com/creditcardblog/walking-away/ Latest Credit Card News, Reviews and Information Thu, 09 Feb 2012 07:48:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.askmrcreditcard.com/creditcardblog/walking-away/comment-page-1/#comment-182608 Peeka Fri, 31 Dec 2010 23:59:28 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=7228#comment-182608 7 years! Charlie, are you saying that if you stop payments for 7 years on a credit card debt, that the credit card debt disappears and goes away forever? Does this really mean that the bank or collection agency cannot request payment anymore after 7 years of non-payment and non-use of that credit card? I want to believe this! Is there anyplace where this is written down? A law, or guideline, or something. I really need to know. I am 72 and my wife max'd out 10+ credit cards and signed my name on them. They are now hounding me for payment. The 7 years sounds good since I only have my pensions and 401K and do not care about my credit rating. 7 years! Charlie, are you saying that if you stop payments for 7 years on a credit card debt, that the credit card debt disappears and goes away forever? Does this really mean that the bank or collection agency cannot request payment anymore after 7 years of non-payment and non-use of that credit card? I want to believe this! Is there anyplace where this is written down? A law, or guideline, or something.
I really need to know. I am 72 and my wife max’d out 10+ credit cards and signed my name on them. They are now hounding me for payment. The 7 years sounds good since I only have my pensions and 401K and do not care about my credit rating.

]]> http://www.askmrcreditcard.com/creditcardblog/walking-away/comment-page-1/#comment-138730 Henry David Mon, 29 Nov 2010 20:06:40 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=7228#comment-138730 Well spoken, Charlie. Keep it up, there are those who are listening. Well spoken, Charlie. Keep it up, there are those who are listening.

]]> http://www.askmrcreditcard.com/creditcardblog/walking-away/comment-page-1/#comment-138035 charlie Sun, 21 Nov 2010 15:43:09 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=7228#comment-138035 Ugh, stop peddling bullsh*t!!!!!!!!!! So sick and tired of "financial experts" spouting nonsense about your credit score, as if that is some sort of blue ribbon we all have stamped on our headstones at the end of our lives. F*ck it, you tried your best didn't work out, that's it, the end. WALK AWAY. Life is meant to be LIVED to the fullest extent possible. Do you think bank executives are going to send flowers to your mother's funeral for being such a good life long customer? NO, they are soulless institutions after your money. That's it. The end. Banks can't come after you and cut off your legs or throw you in jail, you can always rent a house, and buy a cheap car to get you from a to b. It makes me so sad to hear and see so many people buying into the BS that we as divine and incredible human beings have to live our lives as slaves to certain finanical and government institutions. Walk away, learn from your mistakes, don't get into debt again, and in 7 years, your credit rating will be like it never happened, all because the banks are hoping you'll fall for the same BS all over again. Financial planners are part of the system meant to keep us all slaves. Ugh, stop peddling bullsh*t!!!!!!!!!! So sick and tired of “financial experts” spouting nonsense about your credit score, as if that is some sort of blue ribbon we all have stamped on our headstones at the end of our lives. F*ck it, you tried your best didn’t work out, that’s it, the end. WALK AWAY. Life is meant to be LIVED to the fullest extent possible. Do you think bank executives are going to send flowers to your mother’s funeral for being such a good life long customer? NO, they are soulless institutions after your money. That’s it. The end. Banks can’t come after you and cut off your legs or throw you in jail, you can always rent a house, and buy a cheap car to get you from a to b. It makes me so sad to hear and see so many people buying into the BS that we as divine and incredible human beings have to live our lives as slaves to certain finanical and government institutions. Walk away, learn from your mistakes, don’t get into debt again, and in 7 years, your credit rating will be like it never happened, all because the banks are hoping you’ll fall for the same BS all over again. Financial planners are part of the system meant to keep us all slaves.

]]> http://www.askmrcreditcard.com/creditcardblog/walking-away/comment-page-1/#comment-112846 Larsim Sun, 19 Jul 2009 15:11:07 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=7228#comment-112846 So by reading this I assume they didn't have business insurance for their business? So by reading this I assume they didn’t have business insurance for their business?

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