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Just looking for input...

I have a few cards that I was using for things like Amazon or whatever so I didn't use my debit card online, and long story short, I made bad decisions and they're now payments that I would rather not have. I am not specifically trying to nigger my way out of consequences of my actions, but I am more tired of being a debt slave to usury.

I own a house (mortgage is active), two cars that are 100% owned, and a dozen cards with only two of them being the subject of this post.

What would the potential fall out be, if I cut them up and walked away? I get the bad credit score - that game fucking sucks anyways and I am tired of playing it.. So then what? I have to pay for things in cash from now on? Any emergency money that I potentially would need at an immediate time that would be a loan that would what, be a higher APR or need collateral or something?

So I can scrape for 5 years and pay them off, Dave Ramsey style, or walk away and not have great credit for 7-10 years? Also, if some world war starts, who needs credit cards anyways?

Just looking for input... I have a few cards that I was using for things like Amazon or whatever so I didn't use my debit card online, and long story short, I made bad decisions and they're now payments that I would rather not have. I am not specifically trying to nigger my way out of consequences of my actions, but I am more tired of being a debt slave to usury. I own a house (mortgage is active), two cars that are 100% owned, and a dozen cards with only two of them being the subject of this post. What would the potential fall out be, if I cut them up and walked away? I get the bad credit score - that game fucking sucks anyways and I am tired of playing it.. So then what? I have to pay for things in cash from now on? Any emergency money that I potentially would need at an immediate time that would be a loan that would what, be a higher APR or need collateral or something? So I can scrape for 5 years and pay them off, Dave Ramsey style, or walk away and not have great credit for 7-10 years? Also, if some world war starts, who needs credit cards anyways?

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[–] • 0 pt

It depends on how old the debt is. I would personally settle for 80% of the balance all day long. After that I would send you an authorization form and a SIF (settled in full) notice to your email. If the debt is older and depending on what it is, I will always negotiate.

If the balance is under $5,000 no one is ever going to sue you or take you to court. In fact, if they use those words you can actually sue them.

[–] • 0 pt

Nobody cares about your settled in full letter.

We want it off the credit report, full stop. not a settled in full letter.

The settled remark looks better but still looks bad.

[–] • 0 pt

A PIF and SIF are two different things. If you want it off your credit full stop then PIF and sign the docs. You WILL have PIF docs when you pay the balance.

[–] • 0 pt

Neither qualify as the truth which is I fucking dont owe it.

[–] • 0 pt (edited )

Banks very much care about PIF and SIF notices.

You either didn't sign your docs or send your SIF / PIF docs to the credit bureaus.

Stop taking out high interest credit cards and payday loans. When you do these things you get to speak with pleasant people like me.

[–] • 0 pt

That was years ago. I'm now the owner and ceo of my own business and own 2 homes outright. How? Waited 7 years, contested the negative report, and simply told robocallers that they have the wrong number. It's not that I wouldn't have dealt with bill collectors. It's that they were either unwilling or unable to take it off my credit report. So we had nothing to discuss.