Just stop spending on CC you yanks are fucking up the world with your greed, first you try and take over a country to gets it's oil then when that don't work you start another fucking war to make up the excuse you have debt, just chill the fuck down and stop trying to get around paying your bills.
A mortgage is secured debt. A credit card is not. It's just your credit name on the line, but not any of your own personal property at stake. You can settle a credit card debt for 50% of the amount owed, because they know that there is zero collateral behind the debt . By contrast, a house or a car is a secured debt. Why would you want to convert unsecured, garbage debt into high quality, secured debt?
I had $12,00 and $8,000 credit cards at 29% , the banks raised the rates from 8% because of "universal default" , this is despicable!. My attorney told me to send them a certified letter to not call me [by Federal Law they must stop]! This is a "Federal law". . Then he suggested that I don't pay for about 4 months at which time they'll get someone to negotiate. I didn't pay and I won't so I save $300 a month. my credit score is low.. but so what! Call a free state Attorney or any Attorney!
NEVER mortgage your property in order to pay off UNSECURED debt (credit cards). Unsecured means that there is NO collateral for the loan -- they cannot take your property or your wages or your savings UNLESS they get a judgment against you in court. It is easier to beat them than you might think. I DID. I WON. See my channel and watch my videos about defaulting on credit cards and dealing with debt collectors.
Credit card companies receive money right away, soon as the ink on your form is dried, the central bank forwards the money to the credit card companies and they do whats called twining a stream of revenue, when you pay off say, $1,000, the company you signed with has received $2,000 based on your dealings with them. But they never tell you that, and 99% of even its employees are sheltered from this dangerous information... Good luck to ya's all
Just stop spending on CC you yanks are fucking up the world with your greed, first you try and take over a country to gets it's oil then when that don't work you start another fucking war to make up the excuse you have debt, just chill the fuck down and stop trying to get around paying your bills.
klatlap 6 months ago
A mortgage is secured debt. A credit card is not. It's just your credit name on the line, but not any of your own personal property at stake. You can settle a credit card debt for 50% of the amount owed, because they know that there is zero collateral behind the debt . By contrast, a house or a car is a secured debt. Why would you want to convert unsecured, garbage debt into high quality, secured debt?
alexnds1 10 months ago
I had $12,00 and $8,000 credit cards at 29% , the banks raised the rates from 8% because of "universal default" , this is despicable!. My attorney told me to send them a certified letter to not call me [by Federal Law they must stop]! This is a "Federal law". . Then he suggested that I don't pay for about 4 months at which time they'll get someone to negotiate. I didn't pay and I won't so I save $300 a month. my credit score is low.. but so what! Call a free state Attorney or any Attorney!
jackchief 1 year ago
Oh hell NO...I would never use my home to pay off some dumb credit cards..
mastermoneystar 2 years ago
NEVER mortgage your property in order to pay off UNSECURED debt (credit cards). Unsecured means that there is NO collateral for the loan -- they cannot take your property or your wages or your savings UNLESS they get a judgment against you in court. It is easier to beat them than you might think. I DID. I WON. See my channel and watch my videos about defaulting on credit cards and dealing with debt collectors.
HurricaneHeidi 2 years ago
Credit card companies receive money right away, soon as the ink on your form is dried, the central bank forwards the money to the credit card companies and they do whats called twining a stream of revenue, when you pay off say, $1,000, the company you signed with has received $2,000 based on your dealings with them. But they never tell you that, and 99% of even its employees are sheltered from this dangerous information... Good luck to ya's all
theemurf 2 years ago