Comments on: I Suggest Bankruptcy Too Often, So Say Some http://getoutofdebt.org/5810/i-suggest-bankruptcy-too-often-so-say-some Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Fri, 25 May 2012 02:12:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Valeria http://getoutofdebt.org/5810/i-suggest-bankruptcy-too-often-so-say-some#comment-15282 Valeria Mon, 31 Aug 2009 13:21:08 +0000 http://getoutofdebt.org/?p=5810#comment-15282 Dear Steve- I am so glad I came across your response on "I suggest Bankruptcy too Often". Everything you said is exactly how I feel. I have never filed for bankruptcy, I feel sick to my stomach to think that it is what I will have to do now. I feel horrible and like a failure for not being able to pay my creditors back; however, after many phone calls in trying to get them to work with me so that I can pay them back, especially after the fact that I have always paid on time and seeing how none of them will work with me, I find myself with my hands tied behind my back and with no more options. Creditors are unrealistic savages. There has to come a change in the way this country runs their credit companies. It is just like you said, they want the biggest piece of the pie weather we can afford it or not. I was very motivated in paying all my debt. I would get so happy to see my debt go down little by little. It gave a positive sense of responsibility about myself. With the economic downturn, chase decided to raise my APR to %28.9 from %7.9 Steve I had NEVER EVER paid late on that card; moreover, on two different occasions, I paid off the card in full. My minimum payment went from $70 per month to $200 per month. Hence My Personal Economic Downturn; I cannot get ahead. Thanks to Chase I have had to start buying my groceries and gas on other credit cards; now those card are starting to hit their limit. I contacted Bank of America and ask them if they could lower my monthly payment by either lowering my APR which is %18 or increasing the amount of years of repayment. Their answer was, "contact a consolidation company". What is a person supposed to do? It is not my fault that we have gone through a recession. Before all this happened, I was paying everyone on time, never late, had a good credit score. Then out of the blue, Chase raises my APR and no one will work with me. I don't understand; it is absurd. Dear Steve- I am so glad I came across your response on “I suggest Bankruptcy too Often”. Everything you said is exactly how I feel. I have never filed for bankruptcy, I feel sick to my stomach to think that it is what I will have to do now. I feel horrible and like a failure for not being able to pay my creditors back; however, after many phone calls in trying to get them to work with me so that I can pay them back, especially after the fact that I have always paid on time and seeing how none of them will work with me, I find myself with my hands tied behind my back and with no more options. Creditors are unrealistic savages. There has to come a change in the way this country runs their credit companies. It is just like you said, they want the biggest piece of the pie weather we can afford it or not. I was very motivated in paying all my debt. I would get so happy to see my debt go down little by little. It gave a positive sense of responsibility about myself. With the economic downturn, chase decided to raise my APR to %28.9 from %7.9 Steve I had NEVER EVER paid late on that card; moreover, on two different occasions, I paid off the card in full. My minimum payment went from $70 per month to $200 per month. Hence My Personal Economic Downturn; I cannot get ahead. Thanks to Chase I have had to start buying my groceries and gas on other credit cards; now those card are starting to hit their limit. I contacted Bank of America and ask them if they could lower my monthly payment by either lowering my APR which is %18 or increasing the amount of years of repayment. Their answer was, “contact a consolidation company”. What is a person supposed to do? It is not my fault that we have gone through a recession. Before all this happened, I was paying everyone on time, never late, had a good credit score. Then out of the blue, Chase raises my APR and no one will work with me. I don’t understand; it is absurd.

]]> By: Steve Rhode http://getoutofdebt.org/5810/i-suggest-bankruptcy-too-often-so-say-some#comment-14677 Steve Rhode Tue, 11 Aug 2009 20:06:37 +0000 http://getoutofdebt.org/?p=5810#comment-14677 Jan, I know exactly what you are talking about and I've heard the same thing from other bankruptcy attorneys. I think that you and I both realize that what we wake up to achieve each day are the best solutions for people in trouble. Obviously you care. Steve Jan,

I know exactly what you are talking about and I’ve heard the same thing from other bankruptcy attorneys. I think that you and I both realize that what we wake up to achieve each day are the best solutions for people in trouble. Obviously you care.

Steve

]]> By: jan http://getoutofdebt.org/5810/i-suggest-bankruptcy-too-often-so-say-some#comment-14676 jan Tue, 11 Aug 2009 20:00:05 +0000 http://getoutofdebt.org/?p=5810#comment-14676 Full disclosure: I'm been a bankruptcy attorney for over 20 years. I'll do it until I retire, because it gives people their lives back. No one WANTS to take bankruptcy, and every one of my clients have done their damndest to avoid it. They come in shaking, stressed out and in tears. Sometimes they are suicidal. Many times they have trouble believing that it really does give them a fresh start. When it's over, I get hugs and thank you notes. It's the most rewarding area of law I've ever practiced. Full disclosure: I’m been a bankruptcy attorney for over 20 years. I’ll do it until I retire, because it gives people their lives back.

No one WANTS to take bankruptcy, and every one of my clients have done their damndest to avoid it. They come in shaking, stressed out and in tears. Sometimes they are suicidal. Many times they have trouble believing that it really does give them a fresh start.

When it’s over, I get hugs and thank you notes. It’s the most rewarding area of law I’ve ever practiced.

]]> By: steverhode (Steve Rhode) http://getoutofdebt.org/5810/i-suggest-bankruptcy-too-often-so-say-some#comment-4811 steverhode (Steve Rhode) Fri, 03 Apr 2009 01:52:20 +0000 http://getoutofdebt.org/?p=5810#comment-4811 I Suggest Bankruptcy Too Often, So Say Some ( http://getoutofdebt.org/5810/i-suggest-bankruptcy-too-often-so-say-some ) I Suggest Bankruptcy Too Often, So Say Some ( http://getoutofdebt.org/5810/i-suggest-bankruptcy-too-often-so-say-some )

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