Universal Defaul: Credit cards

[bc1969214]

There's been some updates since this video came out. The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 prohibited the practice of retroactively raising any annual percentage rate, fees, or finance charges for reasons unrelated to the cardholder's behavior with their account. There is fine print though so your account can be closed if you have an issue with another creditor.

[vacationboyvideos]

SOMEONE HELP that knows...I AM ON SSI....if i almost max out alll my credit cards and only pay them for 3-6 months and then pay 10 bucks a month then stop after 6 months or so( dont pay anymore to them)...would that be seen as fraud? i know they cant take away my ssi check, i have no money in the bank... could i go to jail?

[wndebu]

dumb bitch has no idea what she is talking about.

[pantyflash]

Like really, Suzy. It's easy for you to stand on your pedestal and tell folks not to be late on any of their debt payments. You apparently have zero understanding that for many folks, desire to be current does not equate to ability. Even with "universal default" outlawed, adverse circumstances and usurious creditors are driving folks into absolute universal default. Folks with dire finances just literally default on everything, leaving creditors holding the proverbial bag. Way to go, babe!

[HurricaneHeidi]

It is INSANE to keep making payments on UNSECURED DEBT (credit cards) if doing so makes you unable to keep up with your payments on your SECURED DEBT (mortgage).

Not only would that put you in danger of losing your HOME through foreclosure, but just as Suze says, the credit card companies would raise your interest rates anyway because of the black mark on your FICO score for missing your mortgage payments.  YOUR MORTGAGE COMPANY CANNOT RAISE YOUR INTEREST RATE because it's contractually fixed.

[HurricaneHeidi]

@HurricaneHeidi - I repeat -

Your mortgage company cannot raise your interest rate because it is contractually FIXED, so NEVER fail to make your mortgage payments. Do NOT lose your home.

DEFAULT on the damn credit cards and learn to defend yourselves against collection like I did. They are not a convenience. They are a deliberately BAITED TRAP designed to make us into life-long debt slaves.

If I can do it, you can do it.

Use debit cards only and move your money to a Credit Union ASAP

[mrigmaiden1]

How about this? DON'T use credit cards in the first place?

[FinanceUS]

Fuc- FICO! Just defult. tell them you have no money, no job, no assets, no life, then they will leave you alone. Next, SAVE and pay cash for EVERYTHING! yes, even a house can be bought with cash. thats they way it use to be done.

[yoseph09]

wow problem solved! just don't be late on ANY of your payments and then maybe by the grace of our bank lords your interest rate won't shoot up like a rocket!you see, the problem really is not HOW to come up with the payments,oh no,it's when to pay! I personally suggest and I'm sure this woman will agree,that you link one of your multi million dollar checking accounts electronically to your credit accounts,

therefor insuring TIMELY payments.I love it when rich people give financial advice.

[jonesreportdotcom]

Default. Send them a cease and desist letter, change your number. Credit card default is growing more popular with each passing day. The dollar is now tanking and that will soon cause big time inflation. The economic recovery is a myth. It's individual economic survival time folks. Paying them back is insane. Suzy is an over paid bubblehead.

[rayme4raw]

LOL, Suzy is a bobblehead. Did you see her latest FICO commercial. Don't worry folks, your money is still safe in the bank:) Wait, isn't FICO broke?

[HurricaneHeidi]

@rayme4raw - Yes... I've seen Suze's commercials about FICO and the credit card industry. She is a bought and paid for TOOL of the commercial Debt Slave System. She is using her popularity to support the credit card industry. I call that a conflict of interest. Who's paying her to do those commercials, hmmm?

[j0hnsc4r]

lol if anything you should default on your credit cards

[qweqqweqbt]

no shit sherlock, i think we all know that already. you're not saying anything usefull, i watched this lady in 4 clips now and nothing she says is smart. she's only smart enough to state the obvious

[TomsFriendKake]

I couldn't agree more. And how much is she getting paid?

[fraud66]

It should be illegal!

[amyanthony2002]

or max your credit card on gold and can food and then ask for the save american program......credit card know about this program because i told them about it before i closed my account... if they take our government money they better have one.... juice the card now because money will be worth nothing soon...... when i take 10,000 for a loaf of bread that is when you pay them off.....

[Yankhadenough]

Time to bust the credit card industry folks> default, Default , DEFAULT. Defaulting stays on your credit report only 7 years, bankruptcy for 10 ! Keep paying your mortgage and car loans of course, and check your state laws BEFORE you default on cc's (in case they can garnish wages or put liens on your home) . Florida is debtor's haven.

[HurricaneHeidi]

@Yankhadenough - You are absolutely correct. I completely agree with you, and I speak from personal experience.

I defaulted almost 6 years ago, defeated a collections attorney myself without hiring a lawyer, and I completely avoided bankruptcy and got myself and my husband out of the vicious commercial debt trap. I published a book describing exactly how.

watch?v=kkcnQdWzC3s

The goddam banks have lobbied Congress to get bailed out through our TAXES - take back your money. DEFAULT

[wizbiz777]

Very interesting,and scary! Thanks for the info.