Bert05GPW

You don't have to be part of this program to take advantage of FREE MONEY. The procedure is simple:

1) Charge up as much as you can.
2) Don't pay.
3) Negotiate a settlement with the CC company.
4) Demand that they report your account as "closed" not "settled".

FREE MONEY FREE MONEY FREE MONEY
=========================

Bert05GPW

Check out this article. The same thing was discussed on CNBC. Seems everyone is doing it.


http://www.ehow.com/how_2076715_negotiate-...-card-debt.html

Negotiate Credit Card Debt
Step
1
Ask for a lower interest rate. If you've been making payments on time, you should have no trouble negotiating a rate that is at least 2 percent below the national average. Even if you haven't been making payments on time, it's worth a phone call to see whether you can cut your interest rate slightly.
Step
2
Request that fees, such as those for making late payments, using "free checks" and accessing money through ATMs, be waived. Some credit card companies won't budge on these fees. Others are surprisingly willing to negotiate.
Step
3
Set up a payment plan. If you've been making your payments in a timely manner, most credit card companies won't negotiate much on payment plans. However, if you've been unable to pay for several months, you may find them willing to work with you to set up an affordable plan. After all, they'd rather get their money slowly than not get it at all.
Step
4
Offer a lump-sum settlement of about 25 percent of the total balance.

Step
5
Get all negotiated deals about your credit card debt in writing. As the old joke goes, an oral contract isn't worth the paper on which it's written.

Step
6
Seek credit counseling. An experienced and reputable credit counselor may be able to work out a deal when you can't. The National Foundation for Credit Counseling offers a ZIP-code locator at Debtadvice.org, allowing you to find a credit counselor near you (see Resources below).

hapybrian

Socialism here we come! Everyone is equal, everyone is the same,
there are no winners or losers! If you screw up, don't worry, the government
will save your butt. Work hard, get rich, we'll take 40% of it away to pay
for the other slobs who partied in college while you studied. Hurray!

Don't they teach the grasshopper and the ants story in school anymore?
Oh no, I guess it's politically incorrect to tell kids that they might have to
struggle and work or they'll die in the "winter" when resources are tight.

Stupid lazy brats!!!

midnightsunset

This thread is nothing but trouble.....

chairmnofthboard

I work my ass off to pay my debts, and these a-holes get bailed out. Makes me feel like an idiot for not mooching off the system.

The hardworking gets punished and the stupid/lazy gets rewarded, what a jipp.

chairmnofthboard

Only 730 awww sorry to hear that. Last time I checked I was a little over 800.

veejay

my prof. which is a cpa and has been in and out the business told us about this debt forgiveness...he said this was done for the foreclosed properties...i dont know about credit cards...

1036AP2

me too, last time i checked, it was 804

05TurboS2k

That's what I was thinking.......

Bert05GPW

That's EXACTLY how I felt when CNBC was giving live training to people in extreme debt on how to avoid paying their obligations.

This lady was actually proud, bragging how she cheated on the CC company on live TV, then that douchebag Carmen Alditch told how to keep it off her record - NO PENALTY.

When debt becomes risky, that raises the price for everyone. Get ready for 32% interest rates.