All Topics / Finance / $260,000 on credit cards

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  • Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    A lot of people have a lot owing on credit cards, but one of my friends is the worst I have seen. last year she had around $230,000 owing on credit cards!

    She has been trying her best to bring the balances down and has got it to around $170,000 (or so she tells me), but it has finally caught up with her. She can no longer make the repayments.

    Anyone else have any horror stories like this?

    Terryw
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312

    G’day Terryw,
    I recommend ‘Transforming Debt into Wealth’ by John Cummuta. In this CD series/book, John teaches about simple yet very effective techniques to reduce your bad debts in the quicket manner.
    Regards
    Sanjiv

    “There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

    Profile photo of HookhamCHookhamC
    Member
    @hookhamc
    Join Date: 2007
    Post Count: 83

    GAWD!
    Hope she got a +ve CF property in the extreme

Viewing 3 posts - 1 through 3 (of 3 total)

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