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Either one you choose is okay, but do make contact, don't ruin your credit.
You are young enough to afford to ruin your credit. Go for it! But do it in a big way! Charge up a storm and spend some time on the Frugal Living posts.
Back when I was in my early 20's, I fell on hard times, couldn't pay a credit card bill, so I decided to do it up in a big, big way, charge up a storm and face the music! I even taunted those who called from the collection agencies. Sorry! Can't talk right now. I'm on my way to Europe. To let you know you're in my thoughts, I'll send you a postcard from Rome or Paris? Which would you prefer? Or: Send my bills to the big advertising firms, they helped me get into the mess so they should pay it!
7 years of bad credit and it was all restored. Have had a 700+ credit rating eversince.
Learned, those 7 years, how to live within my means, be frugal, buy all my clothes from church sales.
And even with bad credit, I found out, you can still get credit. During that period of bad credit, I went out to pay $700 for a used car. Told the salesman I only had $700 to spend and had the worst credit rating in town. Undeterred, he told me: well, in those cases, you just need to put more money down. How about a nicer car over $2000?
Thanks but no thanks! Drove off the lot with a $700 car.
And even with bad credit, I found out, you can still get credit. During that period of bad credit, I went out to pay $700 for a used car. Told the salesman I only had $700 to spend and had the worst credit rating in town. Undeterred, he told me: well, in those cases, you just need to put more money down. How about a nicer car over $2000?
How about AA? You obviously have a drinking issue. Maybe psych issues too - the two often go hand in hand. Why not address that so you don't end up in the hospital again? If not AA, there are other groups, rehab, counselors, psychotropic drugs, etc.
I just completed a 12 step AA program but I'm not an alcoholic. Never heard of Automobiles Anonymous? It's for those that are addicted to that nasty, unhealthy, dangerous habit of driving an automobile and not taking advantage of their local mass transit, minimizing accidents, life-long injuries and death and air pollution.
Not necessarily. I have a total of 6 delinquent hospital accounts on my credit report, plus a delinquent account with cox cable, and the electric company. I was surprised that a little over 6 months ago I got a pre approved credit card offer in the mail for a Capitol One platinum credit card. I thought it was a mistake but to my surprise they approved me. Now, the real surprise came when I received the card and found out they gave me a $10,000 credit limit. Keep in mind I make under $20,000 a year at my job so this really was not expected. I assumed it would probably be a $300-$500 card at the max. My point is, this girl really has nothing to worry about. I think with all the bailouts, the creditors are loaning people money that they would not have in the past, in the end making loans much easier to get now. Capitol One even recently sent me a letter saying I am pre approved up to $30,000 for a brand new car at the local Honda dealership. Now, does it really sound like anyone cares about delinquent hospital bills?
Yes, things have changed a lot. It's my guess, it would be even easier to buy things with a poor credit rating today. Just look at all those new and used car lots bursting with inventory, saying: Poor credit? No problem!
A friend of mine had a foreclosure on her credit report, but managed to buy a house, with a larger percentage down, but she got the house.
By the time this economic depression ends, only the suckers will have those 700+ credit ratings.
the exact opposite will be true!
the people who have managed their money well will be the best equipped to handle a depression, both financially and emotionally. the more credit dries up, the more the irresponsible people will be out of luck.
By the time this economic depression ends, only the suckers will have those 700+ credit ratings.
But those "suckers" will be paying a lot less interest than, well, than the "idiots" who would purposely live outside their means and "charge up a storm" and ruin their credit rating.
By the way, just nenewed my auto and home insurance policies and guess how I got the lowest rate I could? My credit scores are so high. Higher credit scores equal lower premiums.
But you go ahead and keep giving advice for others to charge up a storm.....
The fact that you have this post in the first place indicates to me that you have some internal conflict about this otherwise you would simply act without asking. That's good and maybe you should go with your gut on this. Beyond bad credit, there's the issue of what you "put out in the universe" (and what equal and opposite reaction that action engenders), as well as being out of alignment with your own integrity when you knowingly take actions that you feel may not be right, simply to work to your advantage.
I agree with those that have advised you to try and negotiate something. Sometimes people that take shortcuts find themselves always in a place of scarcity regardless of how money they make. I hope I don't sound preachy or like I am assigning judgment, as that is not my intent. We have all learned lessons the hard way and I am just trying to save you some by having you operate within your own integrity and thereby keep your peace of mind. Hopefully you can negotiate a workable situation.
You are young enough to afford to ruin your credit. Go for it! But do it in a big way! Charge up a storm and spend some time on the Frugal Living posts.
Back when I was in my early 20's, I fell on hard times, couldn't pay a credit card bill, so I decided to do it up in a big, big way, charge up a storm and face the music! I even taunted those who called from the collection agencies. Sorry! Can't talk right now. I'm on my way to Europe. To let you know you're in my thoughts, I'll send you a postcard from Rome or Paris? Which would you prefer? Or: Send my bills to the big advertising firms, they helped me get into the mess so they should pay it!
7 years of bad credit and it was all restored. Have had a 700+ credit rating eversince.
Learned, those 7 years, how to live within my means, be frugal, buy all my clothes from church sales.
And even with bad credit, I found out, you can still get credit. During that period of bad credit, I went out to pay $700 for a used car. Told the salesman I only had $700 to spend and had the worst credit rating in town. Undeterred, he told me: well, in those cases, you just need to put more money down. How about a nicer car over $2000?
Thanks but no thanks! Drove off the lot with a $700 car.
Wow! Aren't you glad there aren't debtors prisons anymore? For now, anyway!
Just curious. What did you do with the stuff you bough on your spree, or did you take cash advances? Do you still have the goodies?
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Keep in mind I make under $20,000 a year at my job so this really was not expected. I assumed it would probably be a $300-$500 card at the max. My point is, this girl really has nothing to worry about. I think with all the bailouts, the creditors are loaning people money that they would not have in the past, in the end making loans much easier to get now. Capitol One even recently sent me a letter saying I am pre approved up to $30,000 for a brand new car at the local Honda dealership. Now, does it really sound like anyone cares about delinquent hospital bills?
