Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

I need $200,000.00 I wish there were a way to borrow

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » The DU Lounge Donate to DU
 
greenbriar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:21 PM
Original message
I need $200,000.00 I wish there were a way to borrow
that much...pay off ALL of my bills including house and student loans


all in one time. I would even pay 2000.00 a month but no one will do it.


Printer Friendly | Permalink |  | Top
A HERETIC I AM Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:22 PM
Response to Original message
1. What do you have for collateral? n/t
Edited on Sun Oct-14-07 09:23 PM by A HERETIC I AM
Printer Friendly | Permalink |  | Top
 
greenbriar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:25 PM
Response to Reply #1
4. not much
we only have 40 thousand in equity in our house
Printer Friendly | Permalink |  | Top
 
nightrider767 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:23 PM
Response to Original message
2. Hang in there.....
Because my Friend, you are not alone in that.....
Printer Friendly | Permalink |  | Top
 
proud2BlibKansan Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:24 PM
Response to Original message
3. I feel your pain
The student loan payments nowadays are horrid.
Printer Friendly | Permalink |  | Top
 
shadowknows69 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:25 PM
Response to Original message
5. Not for nothing but if you could afford to pay back 2000 a month
I'm fairly certain you could get a handle on your debt. I could afford to pay back like $25 a month so therein lies my problems.
Printer Friendly | Permalink |  | Top
 
greenbriar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:27 PM
Response to Reply #5
7. I am just looking at the long term costs
and the interest is crazy


I am looking for a way to pay off things and save the interest


I am not crying in my beer. Just sick of long term debt
Printer Friendly | Permalink |  | Top
 
rateyes Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:26 PM
Response to Original message
6. Unless your house is worth $240,000.00, and you
have perfect credit, there is no way that anyone will lend you $200,000.00---especially in today's credit market. Regardless of the size of the loan, it costs a bank around $75,000.00 to reposess a home. They're not going to take that risk.
Printer Friendly | Permalink |  | Top
 
greenbriar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:28 PM
Response to Reply #6
8. we have good credit repo isn't gonna happen
and we do okay



I just want to pay off my bills faster
Printer Friendly | Permalink |  | Top
 
rateyes Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:37 PM
Response to Reply #8
9. Well, you could try an equity line of credit....
but, with adjustable rates, it can be a crap shoot.
Printer Friendly | Permalink |  | Top
 
Wcross Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:53 PM
Response to Original message
10. Uh, if you already owe 200,000 there is a way to borrow it.
Are you wishing for better terms?
Printer Friendly | Permalink |  | Top
 
Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:55 PM
Response to Original message
11. Forget about paying off the house right now. Target your payments to
highest interest rate debts you have. When that is paid off, tackle the next one, etc.

As you eliminate one debt, you'll have more to apply to the next 'target'.

BTW...cut up ALL your credit cards and spare none.

A debit card (and most are in the visa/mastercard system) from your local CREDIT UNION is all you should need. Notice the emphasise on 'credit union'. They can be your friends versus commercial banks.

IMHO.
Printer Friendly | Permalink |  | Top
 
ruiner4u Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 09:56 PM
Response to Original message
12. Its easy... 1. Just set up a Nigerian email addy...
2. Wire me 10,000$ for directions...



:)
Printer Friendly | Permalink |  | Top
 
greenbriar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 10:11 PM
Response to Reply #12
13.  bwahaha
I bought the Dave Ramsey

debt free book

it talks about debt roll up

sounds like a good plan,

I just want it to be faster
Printer Friendly | Permalink |  | Top
 
SergeyDovlatov Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 10:28 PM
Response to Original message
14. No worries. Iraq war to the rescue.
Since government does not have enough money to fund the war and entitlement it resort to feds printing the fresh and crispy money.

Just wait a few years and your debt will shrink dramatically due to $$ devaluation.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Jul 11th 2014, 07:16 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » The DU Lounge Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC