Got approved for a blank check loan

[Hot-Tod-E]

SinkingFast:

look at the last message in this thread:

http://www.bankruptcyforum.com/showt...2876#post62876

Discharged today, immediately wants a mortgage.

That is why I am trying to convey in my message. Why get discharged just to go into debt again immediately? It's like Bankruptcy is being used as a means to clear debt so more debt can be incurred.

I don't think this is what the Bankruptcy Court's had in mind. No wonder the laws were changed last year.

I'm incredulous at what I've read here. I really came here thinking that I would see a lot of support on how to live within my means after my BK is discharged and what I'm finding is a horrendous amount of debt being incurred immediately after the court gives relief.

I might just be in the wrong place.

[lrprn]

Well, yes, that would be the better choice, wouldn't it?

Like I said, I don't mean any disrespect, but I've noticed all the signatures here where people are practically bragging about all the new credit received since their discharge.

It's just seems bizzare to me to get so much credit after having the opportunity to get rid of it. To me, it's a relief.

Just from the short time I've been reading here, it seems like obtaining credit after bankruptcy seems to be the number one goal, rather than focusing on living on a budget to prevent future financial distress.

Again, it is not my intention to insult any one here and I apologize if I have.

You haven't been insulting, HTE, and the question you raise is a good one.

It's true that some folks who file bk do end up filing again because they don't make the necessary changes in lifestyle and money management to have a healthy financial life again. However, the actual % of refilers is small (less than 10% of total cases - http://commdocs.house.gov/committees...ju58408_0.HTM). Just because one out of ten can't handle credit again doesn't mean the remaining nine are automatically doomed to failure.

I don't mean any disrespect either, but how fair is it to say that everyone who filed bk once should be able to do without credit just because you don't want any? If not having credit is working well for you, then that's fantastic - more power to you and my sincere congratulations on a healthy financial recovery after your bk! However, the operative word here is *your" life, not the lives of others who may make perfectly reasonable choices to get credit again given their unique personal situations that are different than your own, as SinkingFast has already stated so well.

It is a good idea to touch base periodically to make sure we aren't rah-rah'ing the taking on of new credit for frivilous or risky reasons just because we are anxious to get rebuilding after bk. Thanks for bringing your point in such a courteous way to the forum - it's good food for thought.

[Hot-Tod-E]

Thanks LRPRN! I appreciate your thoughts!

As far as whether or not it's fair to say that everyone who has filed bankruptcy should be without credit, well, I don't think I said that.

As a matter of fact, I think I actually said to each his own. We all make our own decisions.

The point of my message was to convey another line of thinking. And to express my opinion. We are allowed to do that here, no? I mean we don't all have to subscribe to the same line of thinking to be welcome here do we?

I'm not saying one should never obtain credit again. I am just surprised that on a Bankruptcy board, the mainline thinking seems to that the number one goal in filing bankruptcy is to immediately see how much credit can be obtained immediately following. Please forgive me for not subscribing to that line of thinking.

And perhaps that is not true! I'm just saying that as a newbie to the board and just reading, that is the impression that is given.

For example, look at the number of threads and posts in the rebuilding credit section as compared to the how to make lifestyle changes to prevent future bankruptcy section. There is a huge difference in the number of threads and posts.

In summation, I'll reiterate that this is only my opinion and I'm not meaning to criticize or insult. If I have failed at my attempt to share my opinion and have offended, I offer my humble apologies.

[onepowerfullady]

OK, give me a chance to explain myself to all of you and let's stop the madness...first of all I am carless and I work clean on the other side of town which is about 20 miles from my husband's home store. He travels and most of time I am left carless with the issue of having to pick up my three kids. Jobs are hard to come by here in Mississippi so I am not going to attempt to find another job! I am not buying a 30,000.00 car. I need a used minivan because I have kids and my son plays football so I need to hall kids too. My house has been deeded back to the mortgage company to keep me from going into foreclosure. So I need to change that. So for those of you who want to question me having to get a car do me a favor and buy me one because I have no other option but to get one. My credit was not bad before I filed a chapter 13. I got sick, had a baby, continued through my sickness and lost my job. I am not a deadbeat and I am blessed to know that my bills come first and nothing else. Take care yall.

[onepowerfullady]

SinkingFast:

look at the last message in this thread:

http://www.bankruptcyforum.com/showt...2876#post62876

Discharged today, immediately wants a mortgage.

That is why I am trying to convey in my message. Why get discharged just to go into debt again immediately? It's like Bankruptcy is being used as a means to clear debt so more debt can be incurred.

I don't think this is what the Bankruptcy Court's had in mind. No wonder the laws were changed last year.

I'm incredulous at what I've read here. I really came here thinking that I would see a lot of support on how to live within my means after my BK is discharged and what I'm finding is a horrendous amount of debt being incurred immediately after the court gives relief.

I might just be in the wrong place.

Look everyone here is not a deadbeat and is trying to beat the system. I did what I had to do. I did not have bad credit before my chapter 13. I got sick and lost my job. I did everything to make things work. I had a dumb *** for an attorney and she screwed me! She should have told me to file a 7 from the beginning. I mean my husband was the only one working and they were taking ALL of his income. We did not even have a can of pork and beans in the cabinet....don't put us all in the same barrell now

[onepowerfullady]

Ya know, Hot Tot E,............... Right now I've got old beaters with 150K+ miles on them. They are barely holding together. I wouldn't take a one of them on a road trip.

I can't wait to be able to get safe, reliable transportation again.

Maybe Lady NEEDS a car.

Just because she's pre-approved up to $30K doesn't mean she's gonna spend it all. Doesn't mean she's gonna buy a brand new car either. Just means she's gonna get something safer and more reliable than she has right now.

Thanks Sinking, Praise God that someone here knows exactly what's going on with my situation. I need transportation period! At this point I'd take a beater!! Believe me I have been looking!

[Hot-Tod-E]

I just re-read everything I wrote here and can't seem to find where I called anyone a deadbeat trying to beat the system. Could you point that out to me OPL?

And perhaps you missed where I said it wasn't my intention to insult anyone and apologized if I had done so.

Interesting how that has been missed, but twice, I have been misquoted.

I wish you much luck OPL and hope that this works out for you.

I'll say it one last time, then I'm out of this thread:

If I have offended you, I apologize. (I think that makes it 3(?) times I've said that, do I have to beg for forgiveness for having an opinion? That doesn't seem to fair either).

[onepowerfullady]

Wow everyone here seems so happy for you. I am sad for you. You have been debt free a total of 14 days and within a few days, you'll be the proud owner of a $30,000 debt. Why would you file bankruptcy, get debt free, and within two weeks go back into debt again?

I don't understand this line of thinking.

Your payment for 5 years is $652 a month! Or, you could drag the debt on longer for say 6 or 7 years so the payment will be lower.

I thought the goal of bankruptcy was to become debt free?? Maybe it's just me, but I filed bankruptcy to become debt free and if I want to buy a car again, it will be a used car, paid for in cash that I've saved for.

If you don't live within your means, you'll be in bankruptcy again as soon as you are legally able to file.

Bankruptcy is not a debt management program! All these attaboy's that you are getting are not doing you any favors, it's called "enabling".

I don't mean any disrespect; I'm just baffled why anyone would go through a bankruptcy, just to do it all over again? And that anyone else that has been through it would congratulate you for getting out and before the ink is dry on the discharge, doing it all over again

I am so glad Todd that you already judging my whole situation without trying to figure out what all has happened. That is what's wrong with a big duration of thr world. I worked everyday until my health failed me and some dumb *** BK attorney screwed me and my family out of everything we had. When I filed I had lost my job and I was not late with any of my payments. Everything was paid as agreed. I was originally in a 13...which should have never have happened in the first place. We filed on 4/29/06 and did not get confirmed until 11/29/06 for our plan...either way I don't have time to set here only to tell you that I am not a dead beat and I have lost everything! A good credit history before BK pays a big part in me getting a decent interest rate. SO please try to find someone else to beat up on or ask questions before you judge my situation OK!

[onepowerfullady]

I just re-read everything I wrote here and can't seem to find where I called anyone a deadbeat trying to beat the system. Could you point that out to me OPL?

And perhaps you missed where I said it wasn't my intention to insult anyone and apologized if I had done so.

Interesting how that has been missed, but twice, I have been misquoted.

I wish you much luck OPL and hope that this works out for you.

I'll say it one last time, then I'm out of this thread:

If I have offended you, I apologize. (I think that makes it 3(?) times I've said that, do I have to beg for forgiveness for having an opinion? That doesn't seem to fair either).

OK...look. let's just drop it.

[Hot-Tod-E]

OPL! I never called you a deadbeat! Those are your words!

I'm not beating up on you! I'm expressing an opinion, which appears to be different and not popular, however, that doesn't mean I'm right or wrong, it's just an opinion.

Relax! If you are okay with your decision, you don't need to defend it to me or anyone else.

Your reaction to my opinion seems to indicate to me that you have some inner feelings of your own that you are projecting on to me.

[Hot-Tod-E]

Agreed!

Have a nice day, and again, I hope your situation will improve with your fresh start!

OK...look. let's just drop it.

[Tedderbear]

I understand

OPL-
I understand where you're coming from and I am am truly happy for you and your family. I hope that I have the same success as you do because. We gave up both of our vehicles and we are driving a 1990 nissan maxima and since we bought the thing we've had to put about 3000$ into it and now it needs new tires and some other work. And we also drive a lot of miles everyday because we have to drop off and 2 children in different places. We don't even know if this car will make it but we pray every day because this is our only means of transportation and jobs are hard to come by and we do not want to lose them because of no transportation. SO I said that to say that you don't have to explain yourself to anyone because the people that are in your situation already understand and do not question your motives. Have a blessed day!

[SinkingFast]

SinkingFast:

look at the last message in this thread:

http://www.bankruptcyforum.com/showt...2876#post62876

Discharged today, immediately wants a mortgage.

That is why I am trying to convey in my message. Why get discharged just to go into debt again immediately? It's like Bankruptcy is being used as a means to clear debt so more debt can be incurred.

I don't think this is what the Bankruptcy Court's had in mind. No wonder the laws were changed last year.

I'm incredulous at what I've read here. I really came here thinking that I would see a lot of support on how to live within my means after my BK is discharged and what I'm finding is a horrendous amount of debt being incurred immediately after the court gives relief.

I might just be in the wrong place.

That's a new member who's not told their story. The only thing I know about that person is he/she just got discharged and is looking for a mortgage to buy a condo. Not a move that would work for me, but maybe what Razor's family needs.

As to how many people here RUSH to get new credit,.............. Out of nearly 60,000 posts total on the Forum, a tad over 800 are devoted to Cleaning up Credit, Getting a Mortgage, and Getting a Car Loan.

The Lifestyle Changes section itself is relatively new. AND,........... Many folks discuss these types of issues in their posts in other portions of the Forum. Threads get hijacked all the time, just as this one did.

Folks share in other places what's working for them to cut expenses, who's offering a discount on services. Things like Auntie Anne's is giving away free pretzels for the day one day. One guy, who's young and single, started a thread to get cheap date ideas because he's in Ch 13. That thread isn't in the Lifestyle Adjustments Section.

Most people here have lived in Hell for several years trying to pay their bills on their own before they sought BK protection. They don't ever want more CC debt again. They want the CC's to rebuild to buy a house or a car, and to have on hand in case of emergencies. Some are business travelers and need the ability to rent a car.

If you don't want Credit and that's working for you, that's great! More power to you.

But other folks have other needs. We all need to keep that in mind.

[onepowerfullady]

Well, you were doing a good job convincing me, swaying me over to your way of thinking until this last post.

All I can do is throw my hands up and say good luck!

It can be sugar coated many different ways, but the bottom line is bankruptcy is not a debt management program.

If you save $2000, isn't that like having a credit card with a $2,000 limit. Instead of paying interest, you can earn interest. AND use it for emergencies!

It's like people just don't get it. Let's declare bankruptcy, get rid of our debt so we can go run some more up! Woohoo it's party time!

My fresh start will not include $30k, $20k, $10, or even $5k of debt anytime in the near future. That is my choice. Others have the freedom and ability to make their fresh start as they see fit.

To each their own, I hope it works out.

Good luck to you too, Todd. I am glad that you are going to be able to stay out of debt for a while. If I did not have to get another vehicle now...I would be debtless too!

[Hot-Tod-E]

Thank you OPL! I hope you can get a nice, reliable and safe car for your children.

I hope I can stay out of debt as well, however, I don't know what my future holds for me either.

Again, thank you, I appreciate your good wishes.

Oh and my name isn't Todd, I am actually female.

Good luck to you too, Todd. I am glad that you are going to be able to stay out of debt for a while. If I did not have to get another vehicle now...I would be debtless too!