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Debt will be the death of me

captainballs

captainballs

Bluelighter
Joined
Sep 21, 2004
Messages
9,954
I'm just calling it like I see it. I'm in so far over my head that trying to build a life in the u.s. is not only a joke, it's actually insulting when people suggest it.

I've failed at starting a successful business, I've lost an insane amount of money in the options market, and while I was making money I thought it would be a good idea to live in Finland and spend more than 50,000 dollars on apartments with saunas, clothes, and clubs - all on credit cards.

I can't go into too much detail, but it's also a miracle that I don't have fraud charges pending since I am in that special 1 percent category who has flagrantly bad debt and has screwed every bank in existence.

I understand it's all my fault, and that's where the pressure comes from. Being 26 and having two degrees is great and all, but after companies run my credit the interview process is over. I am doing some pretty shady and loser things right now to stay afloat, and what bothers me is that I always have "gun money" set aside for the weekend.

The point of "gun money" is so that when I finally grow the balls to end this, I can buy a gun that will absolutely make a hollow cavity out of my skull. I just don't see any way out of this, and even when I was doing well financially I executed a suicide plan that somehow only put me in a coma - and no one found me at all, I just woke up alive a week later with vomit and blood everywhere and took a shower and posted gay bears on bluelight.

I know I make these posts all the time and it's getting old, but I'm just not getting the point of perpetuating this constant floundering when I really just hate everything anyways.
 
I understand what you mean - like many Canadians, I am steeped in Student Loans with a degree that doesn't have many options for employment - especially in a society where having a job is a comodity (what a joke!).

I assume that bankruptcy is not an option for you?

Love you, S. <3.
 
It sounds to me like you need to go to work and start paying off all those debts. If you're only 26, then you have alot of good working years ahead of you.
 
Bankruptcy does not cover student loans.

Captain, I'm just now starting to dig myself out...finally. Bankruptcy might be a good option, especially if your debt is all CCs.

If you choose not to go with bankruptcy, then I suggest gathering your bills and start paying off the littlest ones. Pay off the little ones to close some accounts and at least allow you to see some kind of light at the end of the tunnel. Then, tackle the big ones.

Also, call the CCs and tell them "hey, I can't pay you x a month, but I can pay you y each month." The CCs would rather you pay them SOMETHING rather than go bankrupt. They will work with you. If the person on the phone doesn't work with you, ask for a supervisor...keep getting a new person until someone works with you.

It's a tough road. I'm finally getting my CCs down from 5 digits to 4...still puts me in a load of debt since I have 2 student loans, but you do what you can little by little. As long as you pay SOMETHING they have to leave you alone. Hell, I paid a doctor $30/month for two years on a $700 bill. It was at least something so he would leave me alone.
 
Right now, if I file for bankruptcy, I will lose control of where even the money in my paycheck goes. Creditors will sue me and automatically win pieces of me. By continuing not to file bankruptcy, I am able to decide when and who to pay. I haven't paid a dime to anyone in months. They can't garnish wages in my state without bankruptcy, so they won't even sue. One way or another, I'm not dealing with this shit just because I'm young enough to make a good work horse. If I'm already insane enough to blow my brains out at any given moment, I definitely don't give a shit about doing the right thing and working hard for 10 years.
 
Please don't consider suicide over money. At the very least, just don't pay them.

My mom just did not pay anyone and she went from thousands of dollars in debt to having a 700+ credit score and just bought a car and some bedroom furniture. She is living proof that you can just say fuck off to creditors and eventually dig yourself out. She had a 400 credit score, or something like that. She used to just ignore her phone.

I still think you should just call them and pay them a little bit at a time. Just a little...even if it's 10 bucks a month you are making an effort, so they have to leave you alone.
 
captainballs said:
Right now, if I file for bankruptcy, I will lose control of where even the money in my paycheck goes. Creditors will sue me and automatically win pieces of me. By continuing not to file bankruptcy, I am able to decide when and who to pay. I haven't paid a dime to anyone in months. They can't garnish wages in my state without bankruptcy, so they won't even sue. One way or another, I'm not dealing with this shit just because I'm young enough to make a good work horse. If I'm already insane enough to blow my brains out at any given moment, I definitely don't give a shit about doing the right thing and working hard for 10 years.
Click to expand...

No you won't. You file the one that takes away all your debts not the repay thing.
 
Will that work on a federal level where no weird state laws can get to me? Can they still take my stocks away? I don't want a fight, because I always do the risky thing and make the lawyer go all or nothing to clean me up. So far it always works, but bankruptcy is a new animal for me and I don't know if I'm ready to graduate to wagging my dick in front of a DA when there might be federal consequences involved. It's not just credit cards I'm worried about; there's a big can of worms here.
 
My brother in law kept his house as well as his retirement and the money his father left him when he passed away. He didn't have student loans or anything which I know you can't file on. Consulting with a lawyer is free isn't it? They will tell you what you can and can't file on but google bankruptcy laws for your state and see where you stand. At 26 you deserve a clean slate. Honestly I don't think people that young should be given that much credit since you mostly go crazy with it :)Yeah old people like me do too but not often!
 
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^^ Yeah, I'm surprised at how much credit the CC companies throw at you. By 25, I had a credit line of $25k. By 30, I had accumulated $20k in debt in CCs alone.

I kinda think back to my little $500 limit credit card when I was 18 and wish I had kept ONLY that limit and never let them raise it. LOL
 
Legal Services (used to be called Legal Aid) in my area has a bankruptcy class where they teach you all the applicable laws and situations and how to file. They also cover issues like garnishment and what creditors can do and can not do. You might see if there is anything like that available where you are.

Your life is not over or even unlivable without money. Its more of a challenge. Many people are in a similar situation and things can get a lot better.

I believe almost every state has a minimum amount you have to be left to live on after any garnishments, but I'm not sure on how all that works. I think if you get informed about options and you will be able to strategize on how to make things workable financially. I think some mental health and financial help counseling are both worth looking into. The "gun money" option won't ever cease to be an option but if you utilize it all other options cease.
 
captainballs said:
If I'm already insane enough to blow my brains out at any given moment, I definitely don't give a shit about doing the right thing and working hard for 10 years.
Click to expand...
If you are indeed that "insane", then one option (if you can muster enough money for a plane ticket) is to go to an obsecure, cheap, and vague place like Cambodia (for example - or even walk your way overland to some remote place in Latin America) and start a whole new life there. In places like these, you can eventually get yourself a new identity.

Just putting this out there - I mean at least it is more interesting than blowing your brains out...
 
Declare Bankruptcy, file for welfare, fly to Thailand or some tropical region with nice beaches, smoke grass all day with your welfare cheque, sleep with beautiful Asian women (possibly marry a few), write a book on space-travel.

The world is going into financial armageddon soon anyway, so you really have nothing to lose.
 
Dude who cares? Why would you want to work for some scummy place that does credit checks on new hires?

It's not like you have to pay your debts, they can't have you arrested. Credit is for suckers; you always have to pay interest back!!

Bankruptcy is a waste of time and money.
 
Jamshyd said:
If you are indeed that "insane", then one option (if you can muster enough money for a plane ticket) is to go to an obsecure, cheap, and vague place like Cambodia
Click to expand...

Gee, thanks;)



captainballs said:
I understand it's all my fault, and that's where the pressure comes from. Being 26 and having two degrees is great and all, but after companies run my credit the interview process is over.
Click to expand...


Why not just move to an E.U country - or Aus, NZ for that matter, and put those degrees to work. Once you are on your feet you could then either

A: Come to an informal agreement with the creditors and send an affordable amount each month.

B: Tackle them on a case-by-case basis from overseas. Example - one creditor is oved $5000 and after a long period of non-communication you pop up (by telephone, or mail from overseas and offer that creditor $2.5/3k "in full and final settlement of your obligations"
 
I kinda know how you feel. I'm unemployed (and unemployable) and I'm way over my head in debt. Currently I owe $2000 on car payments, $5000 on a maxed-out credit card, $10,000 on my student loan, $1,000 to debt collectors over a car accident I had several months ago, and (perhaps worst of all) $5000 to a local biker in drug debts. :\
 
Today I asked my boss to recommend me sa bankruptcy lawyer who "isn't a pussy" and he knew the right guy right away. He's expensive as shit, I talked to him, but I can tell he'll help me get the most outrageously unjust outcome possible (this is a good thing).

But then I fucking had this nervous breakdown at work and cried so I had to go home. Stopped by the godamn fucking gun store and browsed for 30 minutes. What the fuck is wrong with me. I am losing it and it's scary as shit.
 
Taking action on finances is good.

I often loose it the most just as a crisis starts to wind down. Is it possible you are transitioning into post-crisis?
 
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