Comments on: How to Talk Your Way into Debt http://moneysmartlife.com/how-to-talk-your-way-into-debt/ Money Tips for a Better Life Fri, 19 Mar 2010 00:58:49 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Money Walks - Personal Finance » Carnivals around the corner http://moneysmartlife.com/how-to-talk-your-way-into-debt/comment-page-1/#comment-8653 Money Walks - Personal Finance » Carnivals around the corner Tue, 05 Jun 2007 21:01:32 +0000 http://www.moneysmartlife.com/how-to-talk-your-way-into-debt/#comment-8653 [...] Ben from Money Smart Life wrote How to Talk your Way into Debt. [...] [...] Ben from Money Smart Life wrote How to Talk your Way into Debt. [...]

]]> By: Karen http://moneysmartlife.com/how-to-talk-your-way-into-debt/comment-page-1/#comment-8576 Karen Mon, 04 Jun 2007 17:07:42 +0000 http://www.moneysmartlife.com/how-to-talk-your-way-into-debt/#comment-8576 Not to mention that now his car insurance rate will probably go up. Many insurance companies are using credit scores as an indicator of responsibility. Which translates to high credit score=more responsible=lower risk=lower insurance premiums. It won't hit him right away, but next renewal he could be in for a surprise! Not to mention that now his car insurance rate will probably go up. Many insurance companies are using credit scores as an indicator of responsibility. Which translates to high credit score=more responsible=lower risk=lower insurance premiums.
It won’t hit him right away, but next renewal he could be in for a surprise!

]]> By: Kevin http://moneysmartlife.com/how-to-talk-your-way-into-debt/comment-page-1/#comment-8572 Kevin Mon, 04 Jun 2007 15:22:34 +0000 http://www.moneysmartlife.com/how-to-talk-your-way-into-debt/#comment-8572 Number one rule of debt: YES, they will come for their money. I can't believe the number of people that get in over their head and decide to ignore the problem in the belief that the people they owe will ignore it too. Your FICO score is of paramount importance to your financial well-being. When you don't have much (say you're just starting out) it is VERY EASY to screw up your score and VERY HARD to fix it if you do. You MUST MUST MUST pay your debts! This guy screwed up. Verizon was willing to cut him a little slack. Yeah, it was still going to be tough, but $250 every other week is a LOT easier than the $1000 that he agreed to pay immediately when he ran up the bill. Now he still has to pay, is getting harangued by debt collectors AND has damaged his credit score. He has a tough road ahead of him. Number one rule of debt:

YES, they will come for their money.

I can’t believe the number of people that get in over their head and decide to ignore the problem in the belief that the people they owe will ignore it too.

Your FICO score is of paramount importance to your financial well-being. When you don’t have much (say you’re just starting out) it is VERY EASY to screw up your score and VERY HARD to fix it if you do.

You MUST MUST MUST pay your debts!

This guy screwed up. Verizon was willing to cut him a little slack. Yeah, it was still going to be tough, but $250 every other week is a LOT easier than the $1000 that he agreed to pay immediately when he ran up the bill. Now he still has to pay, is getting harangued by debt collectors AND has damaged his credit score.

He has a tough road ahead of him.

]]> By: Moneymonk http://moneysmartlife.com/how-to-talk-your-way-into-debt/comment-page-1/#comment-8528 Moneymonk Sun, 03 Jun 2007 17:09:45 +0000 http://www.moneysmartlife.com/how-to-talk-your-way-into-debt/#comment-8528 Get rid of the phone and sell the car! catch the bus and use a pay phone, sorry but it makes no sense hanging on and making the debt bigger Get rid of the phone and sell the car! catch the bus and use a pay phone, sorry but it makes no sense hanging on and making the debt bigger

]]> By: Will You Change Your Oil As Often As Recommended? My Weekend Roundup » Silicon Valley Blog About Money http://moneysmartlife.com/how-to-talk-your-way-into-debt/comment-page-1/#comment-8518 Will You Change Your Oil As Often As Recommended? My Weekend Roundup » Silicon Valley Blog About Money Sun, 03 Jun 2007 14:19:57 +0000 http://www.moneysmartlife.com/how-to-talk-your-way-into-debt/#comment-8518 [...] More on the subject of debt with Money Smart Life, who writes about How To Talk Your Way Into Debt, where he tells the story of an unfortunate guy he met at the UPS store. [...] [...] More on the subject of debt with Money Smart Life, who writes about How To Talk Your Way Into Debt, where he tells the story of an unfortunate guy he met at the UPS store. [...]

]]> By: Ben http://moneysmartlife.com/how-to-talk-your-way-into-debt/comment-page-1/#comment-8492 Ben Sun, 03 Jun 2007 05:48:14 +0000 http://www.moneysmartlife.com/how-to-talk-your-way-into-debt/#comment-8492 J, I agree, car costs can really eat away at your paycheck. Between car payments, gasoline, insurance, & maintenance cars are money pits. J, I agree, car costs can really eat away at your paycheck. Between car payments, gasoline, insurance, & maintenance cars are money pits.

]]> By: J at Home Finance Freedom http://moneysmartlife.com/how-to-talk-your-way-into-debt/comment-page-1/#comment-8461 J at Home Finance Freedom Sat, 02 Jun 2007 23:18:56 +0000 http://www.moneysmartlife.com/how-to-talk-your-way-into-debt/#comment-8461 I posted an article to elaborate my above comment (click name link). Thank you. I posted an article to elaborate my above comment (click name link). Thank you.

]]> By: J at Home Finance Freedom http://moneysmartlife.com/how-to-talk-your-way-into-debt/comment-page-1/#comment-8449 J at Home Finance Freedom Sat, 02 Jun 2007 20:42:50 +0000 http://www.moneysmartlife.com/how-to-talk-your-way-into-debt/#comment-8449 One option is to take a break from car ownership (including insurance, unless he'd have a renewal problem later), get rides to work, and pay cash for a cheap car in a few months. Whether you can tell him is another matter. One option is to take a break from car ownership (including insurance, unless he’d have a renewal problem later), get rides to work, and pay cash for a cheap car in a few months. Whether you can tell him is another matter.

]]> By: » This Week In The News on Blueprint for Financial Prosperity http://moneysmartlife.com/how-to-talk-your-way-into-debt/comment-page-1/#comment-8284 » This Week In The News on Blueprint for Financial Prosperity Fri, 01 Jun 2007 12:05:58 +0000 http://www.moneysmartlife.com/how-to-talk-your-way-into-debt/#comment-8284 [...] Ben has a sad tale about how debt snowballs and bad things seem to happen all at once, in this particular story it started with talking on the cell phone too much. Luckily it wasn’t him. [...] [...] Ben has a sad tale about how debt snowballs and bad things seem to happen all at once, in this particular story it started with talking on the cell phone too much. Luckily it wasn’t him. [...]

]]> By: KMC http://moneysmartlife.com/how-to-talk-your-way-into-debt/comment-page-1/#comment-8049 KMC Wed, 30 May 2007 19:03:04 +0000 http://www.moneysmartlife.com/how-to-talk-your-way-into-debt/#comment-8049 Don't bother talking to this guy. I don't think there's any way for you to <i>tell</i> someone how to manage money. People have to learn, most often the hard way. I sure did. Don’t bother talking to this guy. I don’t think there’s any way for you to tell someone how to manage money. People have to learn, most often the hard way. I sure did.

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