[Running Bear]

DJ,

I would have a look at the fine print. I would not assume the credit card would stay at 0%. In fact, I would be shocked if it didn’t go up. Get some prof help and make sure you know all of the things that are going to be negatively impacted with your credit taking a hit. You might be better off cutting down your costs big time for a short time and paying off the CC debt before walking away.

My2Cents

[Running Bear]

DJ,

I would have a look at the fine print. I would not assume the credit card would stay at 0%. In fact, I would be shocked if it didn’t go up. Get some prof help and make sure you know all of the things that are going to be negatively impacted with your credit taking a hit. You might be better off cutting down your costs big time for a short time and paying off the CC debt before walking away.

My2Cents

[Running Bear]

DJ,

I would have a look at the fine print. I would not assume the credit card would stay at 0%. In fact, I would be shocked if it didn’t go up. Get some prof help and make sure you know all of the things that are going to be negatively impacted with your credit taking a hit. You might be better off cutting down your costs big time for a short time and paying off the CC debt before walking away.

My2Cents

[Running Bear]

DJ,

I would have a look at the fine print. I would not assume the credit card would stay at 0%. In fact, I would be shocked if it didn’t go up. Get some prof help and make sure you know all of the things that are going to be negatively impacted with your credit taking a hit. You might be better off cutting down your costs big time for a short time and paying off the CC debt before walking away.

My2Cents

[Running Bear]

DJ,

I would have a look at the fine print. I would not assume the credit card would stay at 0%. In fact, I would be shocked if it didn’t go up. Get some prof help and make sure you know all of the things that are going to be negatively impacted with your credit taking a hit. You might be better off cutting down your costs big time for a short time and paying off the CC debt before walking away.

My2Cents

[Running Bear]

DJ,

I tried to scan the posts to see if the question was raised, how much credit card debt are you exposed to right now? The reason I ask is if you do move forward and walk away you need to be prepared for the interest on your credit cards to go through the roof. Right now the credit card companies are just looking for an excuse to raise rates on people. If you are floating a bunch of debt on credit cards this could be very painful. For the record I am in the camp to look after your own best interest. The housing market has more room to fall and you won’t see the price you paid for it for many years to come. All of the mechanisms allowing people like yourself to buy a home of that value are gone. Make sure you talk to your accountant/lawyer to see what impacts this will have on your current situation. That should be the first thing you do.

My2cents

[Running Bear]

DJ,

I tried to scan the posts to see if the question was raised, how much credit card debt are you exposed to right now? The reason I ask is if you do move forward and walk away you need to be prepared for the interest on your credit cards to go through the roof. Right now the credit card companies are just looking for an excuse to raise rates on people. If you are floating a bunch of debt on credit cards this could be very painful. For the record I am in the camp to look after your own best interest. The housing market has more room to fall and you won’t see the price you paid for it for many years to come. All of the mechanisms allowing people like yourself to buy a home of that value are gone. Make sure you talk to your accountant/lawyer to see what impacts this will have on your current situation. That should be the first thing you do.

My2cents

[Running Bear]

DJ,

I tried to scan the posts to see if the question was raised, how much credit card debt are you exposed to right now? The reason I ask is if you do move forward and walk away you need to be prepared for the interest on your credit cards to go through the roof. Right now the credit card companies are just looking for an excuse to raise rates on people. If you are floating a bunch of debt on credit cards this could be very painful. For the record I am in the camp to look after your own best interest. The housing market has more room to fall and you won’t see the price you paid for it for many years to come. All of the mechanisms allowing people like yourself to buy a home of that value are gone. Make sure you talk to your accountant/lawyer to see what impacts this will have on your current situation. That should be the first thing you do.

My2cents

[Running Bear]

DJ,

I tried to scan the posts to see if the question was raised, how much credit card debt are you exposed to right now? The reason I ask is if you do move forward and walk away you need to be prepared for the interest on your credit cards to go through the roof. Right now the credit card companies are just looking for an excuse to raise rates on people. If you are floating a bunch of debt on credit cards this could be very painful. For the record I am in the camp to look after your own best interest. The housing market has more room to fall and you won’t see the price you paid for it for many years to come. All of the mechanisms allowing people like yourself to buy a home of that value are gone. Make sure you talk to your accountant/lawyer to see what impacts this will have on your current situation. That should be the first thing you do.

My2cents

[Running Bear]

DJ,

I tried to scan the posts to see if the question was raised, how much credit card debt are you exposed to right now? The reason I ask is if you do move forward and walk away you need to be prepared for the interest on your credit cards to go through the roof. Right now the credit card companies are just looking for an excuse to raise rates on people. If you are floating a bunch of debt on credit cards this could be very painful. For the record I am in the camp to look after your own best interest. The housing market has more room to fall and you won’t see the price you paid for it for many years to come. All of the mechanisms allowing people like yourself to buy a home of that value are gone. Make sure you talk to your accountant/lawyer to see what impacts this will have on your current situation. That should be the first thing you do.

My2cents

[Running Bear]

Kewp,

I like your strategy of keeping your costs down and the term I use is “living beneath my means”.

The reason why I am replying to you however is I wouldn’t assume higher education is recession proof. As we can see from California, states are beginning to feel the impact of the housing downturn and this will begin to effect more and more states. Colleges and Universities that receive Federal and state money are going to see a reduction. They will either have to reduce staff, reduce programs, or both.

Sallie is in serious trouble right now with her loan portfolio and this is only going to get worse. Loans for college students will get harder and harder to get and rates will go up. I don’t have the time to go too deep into this but I think you get the point.

Obviously this will be determined by the length and depth of this downturn. The longer and deeper it is the more impact something like higher education will feel the hit. Remember that most people have to borrow large amounts of money to pay for school. The ability to borrow money and take on debt is getting harder and harder and at this point, difficult to determine where it will ease.

My2Cents

[Running Bear]

Kewp,

I like your strategy of keeping your costs down and the term I use is “living beneath my means”.

The reason why I am replying to you however is I wouldn’t assume higher education is recession proof. As we can see from California, states are beginning to feel the impact of the housing downturn and this will begin to effect more and more states. Colleges and Universities that receive Federal and state money are going to see a reduction. They will either have to reduce staff, reduce programs, or both.

Sallie is in serious trouble right now with her loan portfolio and this is only going to get worse. Loans for college students will get harder and harder to get and rates will go up. I don’t have the time to go too deep into this but I think you get the point.

Obviously this will be determined by the length and depth of this downturn. The longer and deeper it is the more impact something like higher education will feel the hit. Remember that most people have to borrow large amounts of money to pay for school. The ability to borrow money and take on debt is getting harder and harder and at this point, difficult to determine where it will ease.

My2Cents

[Running Bear]

Kewp,

I like your strategy of keeping your costs down and the term I use is “living beneath my means”.

The reason why I am replying to you however is I wouldn’t assume higher education is recession proof. As we can see from California, states are beginning to feel the impact of the housing downturn and this will begin to effect more and more states. Colleges and Universities that receive Federal and state money are going to see a reduction. They will either have to reduce staff, reduce programs, or both.

Sallie is in serious trouble right now with her loan portfolio and this is only going to get worse. Loans for college students will get harder and harder to get and rates will go up. I don’t have the time to go too deep into this but I think you get the point.

Obviously this will be determined by the length and depth of this downturn. The longer and deeper it is the more impact something like higher education will feel the hit. Remember that most people have to borrow large amounts of money to pay for school. The ability to borrow money and take on debt is getting harder and harder and at this point, difficult to determine where it will ease.

My2Cents

[Running Bear]

Kewp,

I like your strategy of keeping your costs down and the term I use is “living beneath my means”.

The reason why I am replying to you however is I wouldn’t assume higher education is recession proof. As we can see from California, states are beginning to feel the impact of the housing downturn and this will begin to effect more and more states. Colleges and Universities that receive Federal and state money are going to see a reduction. They will either have to reduce staff, reduce programs, or both.

Sallie is in serious trouble right now with her loan portfolio and this is only going to get worse. Loans for college students will get harder and harder to get and rates will go up. I don’t have the time to go too deep into this but I think you get the point.

Obviously this will be determined by the length and depth of this downturn. The longer and deeper it is the more impact something like higher education will feel the hit. Remember that most people have to borrow large amounts of money to pay for school. The ability to borrow money and take on debt is getting harder and harder and at this point, difficult to determine where it will ease.

My2Cents

[Running Bear]

Kewp,

I like your strategy of keeping your costs down and the term I use is “living beneath my means”.

The reason why I am replying to you however is I wouldn’t assume higher education is recession proof. As we can see from California, states are beginning to feel the impact of the housing downturn and this will begin to effect more and more states. Colleges and Universities that receive Federal and state money are going to see a reduction. They will either have to reduce staff, reduce programs, or both.

Sallie is in serious trouble right now with her loan portfolio and this is only going to get worse. Loans for college students will get harder and harder to get and rates will go up. I don’t have the time to go too deep into this but I think you get the point.

Obviously this will be determined by the length and depth of this downturn. The longer and deeper it is the more impact something like higher education will feel the hit. Remember that most people have to borrow large amounts of money to pay for school. The ability to borrow money and take on debt is getting harder and harder and at this point, difficult to determine where it will ease.

My2Cents

[Author]

Posts