doorfx
Active VIP Member
Holy sheet !! 30% is that legal? I need to get into the money lending game!
Buying a sled with poor credit
- Thread starter theslam19_98
- Start date
papajake
Active VIP Member
Remember after you buy the sled it will be expensive to operate a weekend in the mountains can cost as high as 500 dollars then there is the break downs and repairs I have hit things riding and have cost 1000 to repair
rzrgade
Active VIP Member
Then now is NOT the time to add a new risky loan . Pay off the last 3 if & when you can...I get it that that is not fun .
Trust me ,if you can rebuild your credit rating , you will benefit dozens of times over..
If you crash / break / or fail to pay on the new sled and default , you are in for a long , hard struggle ... X10
Good luck!
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knee deep in it
Active VIP Member
pm me your address and I am going to give you a book - Dave Ramsey - Total Money Makeover. It will change your life if you let it.
here is his advice on your situation
1) sell whatever you have to and put away a $1,000 emergency fund. When you are broke, emergencies happen every 2nd month and having that $1,000 available will be a Godsend
2) start paying off your bills, smallest to largest. You only have a few left so this should be simple. Sell your new car if you have to and get a beater. You can't afford a new car so quit trying to be something you are not
3) when your debts are paid off, put together a real emergency fund which is 3-6 months living expenses. This is for when you lose your job or get sick/injured
4) start saving 15% of your after tax income for retirement. In a separate fund, start saving for a house if that is part of your future. Only when you have reached this point do you even think about buying toys. You pay cash for toys or any depreciating asset like a car. That is the difference between rich people and poor people - rich people spend their money on things that go up in value, poor people spend their money on things that go down. Don't be dumb.
5) start figuring out a way to give back part of your money.
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How long has it been? If you dont pay your bills back after 7 years they don't show up on your credit score any more. If it has been 5 years or so might be better off not to pay. If you make even one payment on it, it will be 7 years from that date though.
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My last two cents..... People ALWAYS forget.... Or never think of...
Getting into mountain sledding.....
The sled is the easy part..... Say you get a sled for ten grand. Everyone keeps forgetting about your GEAR!
Equipping your sled properly...And yourself properly.
Say just to start... A beacon, Pants, Jacket, helmet, goggles, probe, shovel, mid/base layers, gloves, boots.. etc..etc..etc... And thats WITHOUT any AST training...
You are looking at $2000+ without adding ANYTHING to the sled..... AFTER you get the sled. Sledding is SUPER expensive sport to get into once you start mountain sledding.... And its not something you want to half ass... Ive seen so many people get a wicked fancy sled for thier "girlfriend" or whatever... And then totally chince out on gear. "her snowboard stuff will do".... And big surprise they totally hated it.
Im just saying keep it in the back of your mind... Be prepared to shell out 15-20% above and beyond your sled purchase. The days of jumping on a sled with no gear with safety glasses and a one piece are over.
Getting into mountain sledding.....
The sled is the easy part..... Say you get a sled for ten grand. Everyone keeps forgetting about your GEAR!
Equipping your sled properly...And yourself properly.
Say just to start... A beacon, Pants, Jacket, helmet, goggles, probe, shovel, mid/base layers, gloves, boots.. etc..etc..etc... And thats WITHOUT any AST training...
You are looking at $2000+ without adding ANYTHING to the sled..... AFTER you get the sled. Sledding is SUPER expensive sport to get into once you start mountain sledding.... And its not something you want to half ass... Ive seen so many people get a wicked fancy sled for thier "girlfriend" or whatever... And then totally chince out on gear. "her snowboard stuff will do".... And big surprise they totally hated it.
Im just saying keep it in the back of your mind... Be prepared to shell out 15-20% above and beyond your sled purchase. The days of jumping on a sled with no gear with safety glasses and a one piece are over.
Bnorth
Active VIP Member
Yeah bud get those final bills cleaned up this winter. In the mean time rent a sled for a couple weekends to scratch the itch and line it up with big storm cycles to get the most for your money. Buy a sled next year.
sc800
Active VIP Member
Unpaid bills will not fall off your credit bureau after 7 years. I have been lending for 20 years and they will only fall off after they have been paid and 7 years after that date.
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Foxstar45
Active VIP Member
I agree with lil duke. Just don't pay! and those credit cards.. max them out then throw them in the lake.. They can't trace this S**T. haha.
Well I had a 50000$ LIC and 10000$ credit card dept that I never paid back and its no longer on my credit score and now my credit is wicked again. So don't really think you know what you're talking about, but ok sure.
sc800
Active VIP Member
If it was under a bankruptcy or orderly payment of debt it will fall off but generally any debt just walked away from will not just disappear. But thanks for your compliment about not knowing anything. Your awesome.
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No, I didn't declare bankruptcy I just didn't pay. So again sorry, but you just don't know what you are talking about.
rzrgade
Active VIP Member
Well that's just great ... Let's just not pay for anything anymore ....WTF
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What ever, I was in that situation and that's what I did and it worked. Just letting the guy know his options.
LennyR
Active VIP Member
Something not right in your explanation, because it isn't factual, so Whatever. And really dangerous for anyone who believes this is correct.
the_real_wild1
Active VIP Member
Lmao. Wow.
Yep whatever bud. I don't care what the guy does to be honest.
rzrgade
Active VIP Member
I don't think it's a matter of wether you care or do not ...
I just hate to see a young guy ruin his life over a stupid decision. I think the older more mature members on here should offer sound advice anyways...wether he chooses to listen is up to him.
I don't consider not paying for something you are obligated to pay for ... Good advice !
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I just hate to see a young guy ruin his life over a stupid decision. I think the older more mature members on here should offer sound advice anyways...wether he chooses to listen is up to him.
I don't consider not paying for something you are obligated to pay for ... Good advice !
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If you care to know something about a thing called Statute of limitations in Canada read up. OP if you do want to pay it back, they will usually negotiate a lesser amount. They were prepared to settle with me for 10cents on the dollar.
I said no thanks.
https://www.google.ca/url?sa=t&rct=...oWfWsxw7cDacrNGvQ&sig2=5U2Y0-_OpbyOG2YVOb8eJQ
I said no thanks.
https://www.google.ca/url?sa=t&rct=...oWfWsxw7cDacrNGvQ&sig2=5U2Y0-_OpbyOG2YVOb8eJQ
Works for Trump....
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