This is why I hate poor people.
#68
You want a ******* bail out? It's easy, join the military... that's right... the military... they need people anyway.
Not a lot of people out of the military know this, but when you join you are eligible for the SCRA (Soldiers and Sailors Credit Relief Act.) What does it do? It lowers EVERY SINGLE DEBT you have to 6%, no late fees, no adjustments, no overlimit fees... Credit Cards, Mortgages, Car Loan... (No, not student loans... but hey, they will give you 20k a year to pay those off instead.)
There is your freaking Bail Out.
I was lucky, I managed to just sell a "sub-prime" property without getting freaking killed. I should have made some good money but the bottom fell out so I am happy to have broken even and lived in the place rent free for 4 years.
Mark
Not a lot of people out of the military know this, but when you join you are eligible for the SCRA (Soldiers and Sailors Credit Relief Act.) What does it do? It lowers EVERY SINGLE DEBT you have to 6%, no late fees, no adjustments, no overlimit fees... Credit Cards, Mortgages, Car Loan... (No, not student loans... but hey, they will give you 20k a year to pay those off instead.)
There is your freaking Bail Out.
I was lucky, I managed to just sell a "sub-prime" property without getting freaking killed. I should have made some good money but the bottom fell out so I am happy to have broken even and lived in the place rent free for 4 years.
Mark
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