Riches to rags: A family made homeless from a credit card debt Read m

Discussion in 'Wealth Creation & Management' started by goldpelican, Feb 29, 2016.

  1. goldpelican

    goldpelican Administrator Staff Member

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    More of a wealth mismanagement story.

    Lots of mis-steps along the way, but a shocking example of how everything can blow up in your face financially.
     
    goldpelican, Feb 29, 2016
    #1
  2. Killface

    Killface Well-Known Member Silver Stacker

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    She doesn't really come across all that well in the video...
     
    Killface, Feb 29, 2016
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  3. DanielM

    DanielM Active Member Silver Stacker

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    How can he claim to not read yet operated a business
     
    DanielM, Feb 29, 2016
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  4. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    "Comfortable middle class couple", he runs a "thriving business" but his wife gets a carers allowance from the taxpayer? How?

     
    SpacePete, Feb 29, 2016
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  5. DanielM

    DanielM Active Member Silver Stacker

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    Yeah it's a joke. They weren't married so they would have just told centerlink they're just friends or housemates. And centerlink would have been like oh ok cool, nah that's fine
     
    DanielM, Feb 29, 2016
    #5
  6. willrocks

    willrocks Well-Known Member Silver Stacker

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    It sounds like we're not getting the full story here.
     
    willrocks, Feb 29, 2016
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  7. tozak

    tozak Well-Known Member Silver Stacker

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    two things seem wrong;

    (#1) Credit cards are unsecured debts, attempting to collect through forced bankruptcy does seem like a misuse of the courts and unfair practice by the collection agents. Surely they could have just placed lean on the house then taken it to court for a civil court order for repayment of debt.

    (#2) How on earth do you spend $20K on your credit cards then expect if you just ignore countless letters and phone calls that no one will ever chase you up for it?
     
    tozak, Feb 29, 2016
    #7
  8. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    here there everywhere
    And
    The dumbass claims he can't read :lol:
    While his into home audio , yeah right :rolleyes:
     
    spannermonkey, Feb 29, 2016
    #8
  9. SilverDJ

    SilverDJ Well-Known Member

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    I don't need to read any more.
    Anyone who has the means to pay off their credit card and does not is an idiot.
     
    SilverDJ, Mar 1, 2016
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