TRP: Will Wh*re for Pancakes

[Hammer]

Re: TRP: Will Wh*re for Pancakes

free from wisconsin

Awesome. Now what?

 

[Beer Pong Horn]

Re: TRP: Will Wh*re for Pancakes

Awesome. Now what?

Jeez, just let her bask in the moment for a while.

 

[Hammer]

Re: TRP: Will Wh*re for Pancakes

I didn't mean it that way.

 

[Beer Pong Horn]

Re: TRP: Will Wh*re for Pancakes

I didn't mean it that way.

Meh, escape from Wisconsin is still worth savoring.

 

[The Rube]

Re: TRP: Will Wh*re for Pancakes

Brent is very old school when it comes to women. He only wants them to do women things. NFL does not fall into that.

If she wants to watch NFL with me, that's just bonus! Rare is the girl I've met/dated that wants to do that, though.

Let me guess... you paid that bill with a check?

Paid online, doofus. Actually, the only bill I pay by check is my rent.

 

[Beer Pong Horn]

Re: TRP: Will Wh*re for Pancakes

Paid online, doofus.

 

[FadeToBlack&Gold]

Re: TRP: Will Wh*re for Pancakes

Paid online...

Is that safe? I mean, if you can't keep all your cash under the mattress...

 

[The Rube]

Re: TRP: Will Wh*re for Pancakes

Is that safe? I mean, if you can't keep all your cash under the mattress...

If I had my way, we'd still pay only cash for everything except major purchases (cars/houses/etc).

And I guess we're finally hiring another person at work. It's a start, but we need to train more people to be forklift jockeys. And not the few people who are trained in specialized areas (like the trucking area where I am; there's only 3 people trained there, and 2 are forklift jockeys). Doesn't create that web of coverage that you need.

 

[Bakunin]

Re: TRP: Will Wh*re for Pancakes

If I had my way, we'd still pay only cash for everything except major purchases (cars/houses/etc).

The problem is to qualify for loans/credit on those major purchases, you need to establish credit / use a credit card / take out installment loans (for things like college) and pay them off over a period of years so that you're a "good risk" to lenders. The best way to use a credit card is to use it for the purchases you *have* to make (i.e. groceries, gas, and if possible, monthly utility bills and such that allow auto-charges each month). Use cash for the discretionary stuff to keep your budget under control and not to overextend yourself.

Based on the debt level carried by many in this country, it seems like a stored value credit card is the best approach for them - they can only charge up to the amount they deposited into that account.

 

[The Rube]

Re: TRP: Will Wh*re for Pancakes

The problem is to qualify for loans/credit on those major purchases, you need to establish credit / use a credit card / take out installment loans (for things like college) and pay them off over a period of years so that you're a "good risk" to lenders. The best way to use a credit card is to use it for the purchases you *have* to make (i.e. groceries, gas, and if possible, monthly utility bills and such that allow auto-charges each month). Use cash for the discretionary stuff to keep your budget under control and not to overextend yourself.

Based on the debt level carried by many in this country, it seems like a stored value credit card is the best approach for them - they can only charge up to the amount they deposited into that account.

That's a good point. But to me, it's still a circular argument/POV. To get credit, you have to use credit. How about an old-fashioned "you make this much, and you pay this out" and there's your loan. Again, only for major purchases.

It's almost like this:

<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/Af1OxkFOK18?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/Af1OxkFOK18?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>

 

[Bakunin]

Re: TRP: Will Wh*re for Pancakes

That's a good point. But to me, it's still a circular argument/POV. To get credit, you have to use credit.

Once you have a job and a year or so of stable income, you can obtain a low limit credit card to establish credit. Plus most people making large purchases have already established credit via student loan repayment.

How about an old-fashioned "you make this much, and you pay this out" and there's your loan. Again, only for major purchases.

The closest thing I can think of regarding that is a credit union - although I'm sure even they check credit scores/history.

 

[The Rube]

Re: TRP: Will Wh*re for Pancakes

Once you have a job and a year or so of stable income, you can obtain a low limit credit card to establish credit. Plus most people making large purchases have already established credit via student loan repayment.

The closest thing I can think of regarding that is a credit union - although I'm sure even they check credit scores/history.

But my point is, to get credit, you have to use/establish a borrowing history (and pay it back). It's bullsh*. It's a structure created to generally snag the people who try and do that, and eventually (circumstantial or not) fall into the debt trap.

Now, the following blames CC companies just as much as the people, but it does show the "need credit history? Charge up!" BS that I'm talking about. Every person should see this movie:

<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/YiOVNWoWTAU?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/YiOVNWoWTAU?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>

 

[Bakunin]

Re: TRP: Will Wh*re for Pancakes

But my point is, to get credit, you have to use/establish a borrowing history (and pay it back). It's bullsh*.

Well if you don't establish credit and prove that you can repay debt over a period of time, why should a lender take the risk and extend a massive amount of debt to you for things like cars or houses? I know the system is circular, and I know there is a built-in temptation for people to max out their credit cards. Hopefully, the financial crises and all the crap that went with it will put the brakes on this as lenders are now being much more stringent about who they extend credit to and what lines they offer to borrowers. If the typical credit card offers a $5000 limit now, it's pretty difficult to get into a major debt problem as opposed to the $20k lines that were out there in the past.

It's a structure created to generally snag the people who try and do that, and eventually (circumstantial or not) fall into the debt trap.

The companies need to be profitable to justify the risk they take with borrowers - which is why you have the fees and interest rates associated with the revolving credit accounts. It wouldn't be a big problem if people handled their financial matters more responsibly in the first place. I think high schools should have mandatory financial courses to teach basic things like budgeting and repayment of debt. The level of understanding of these things is horrifyingly bad in this country.

Now, the following blames CC companies just as much as the people, but it does show the "need credit history? Charge up!" BS that I'm talking about. Every person should see this movie:

Again, there's no need for people to max out their credit to build a history. I built mine without ever doing that; I charged the necessities and occasional discretionary purchase and paid the balance in full within the grace period every time. Contrary to popular belief, I - and others like me - aren't money losers for the companies - they make money off us too - they just do it via the transaction fees charged to merchants as opposed to interest on the revolving debt or late payment fees.

 

[The Rube]

Re: TRP: Will Wh*re for Pancakes

Well if you don't establish credit and prove that you can repay debt over a period of time, why should a lender take the risk and extend a massive amount of debt to you for things like cars or houses? I know the system is circular, and I know there is a built-in temptation for people to max out their credit cards. Hopefully, the financial crises and all the crap that went with it will put the brakes on this as lenders are now being much more stringent about who they extend credit to and what lines they offer to borrowers. If the typical credit card offers a $5000 limit now, it's pretty difficult to get into a major debt problem as opposed to the $20k lines that were out there in the past.

The companies need to be profitable to justify the risk they take with borrowers - which is why you have the fees and interest rates associated with the revolving credit accounts. It wouldn't be a big problem if people handled their financial matters more responsibly in the first place. I think high schools should have mandatory financial courses to teach basic things like budgeting and repayment of debt. The level of understanding of these things is horrifyingly bad in this country.

Again, there's no need for people to max out their credit to build a history. I built mine without ever doing that; I charged the necessities and occasional discretionary purchase and paid the balance in full within the grace period every time. Contrary to popular belief, I - and others like me - aren't money losers for the companies - they make money off us too - they just do it via the transaction fees charged to merchants as opposed to interest on the revolving debt or late payment fees.

That last part: bullsh*. It forces you to do business with them.

Ok, maybe a better way of explaining it:

Creditor: Ok, so you make 50K, you spend about 25K in rent/food/clothes/necessities. You spend about 5K or so on non-essentials. You save another 5K for whatever reason (retirement/emergency/etc). That's 35K. So you have 15K that you can either spend or save, depending on what you want or need. We'll base our loan structure on that.

Borrower: Well, I'd prefer to keep 10K of that 15K just in case.

Creditor: Ok, so that's 5K of "F* it money, basically." So....your loan is X amount, with Y amount due per month, plus a very minor interest percentage. You can easily make payments barring death with this loan amount/monthly payment. You are late or miss a payment? You're *ed. We're going after everything.

Borrower: Ok, due to my financial responsibility, I'm ok with that.


Kinda what they're finally striving for, but they will never go to that limit. Ever.

Edit: this should be no one has to use credit, this is in case someone wants to make a large purchase. Credit shouldn't have to be even discussed in small purchases.

 

[Bakunin]

Re: TRP: Will Wh*re for Pancakes

That last part: bullsh*. It forces you to do business with them.

Well, they need evidence that you can handle and repay debt. If you are unwilling to take on debt, they will have no history upon which to base their decision of whether or not to extend credit to you. If you won't do business with them, all they have to go on is your income history / cash flow into/out of your debit accounts and W2's. In mortgage applications, they look at the past year or two at most income-wise - and that's not a lot to go on if you have no credit history to go along with it. I suppose one possible approach is to look back 5 years (or more) for people that aren't actively taking on / repaying debt to establish a stable income history and review all debit account transactions.

Creditor: Ok, so you make 50K, you spend about 25K in rent/food/clothes/necessities. You spend about 5K or so on non-essentials. You save another 5K for whatever reason (retirement/emergency/etc). That's 35K. So you have 15K that you can either spend or save, depending on what you want or need. We'll base our loan structure on that.

Without credit usage of any kind, the only possible way they could realistically know your budget is if you used a debit card or wrote checks for all these purchases. If you are using the ATM repeatedly and withdrawing cash to make these purchases, a prospective lender is not going to know what you are using your money for and would not know what is going where (other than rent by checking your address and talking to your landlord). As I stated above, a credit history-free application for debt would require a much more thorough review of income/spending than currently occurs. Credit reports are very useful in that regard, since they capture things like average daily balance of revolving debt vs the limit of that debt (utilization) and whether or not there's been any late payments or other applications for credit recently. Without this info, you're forced to focus very heavily on a person's cash flow and whether or not they can absorb a loan payment. For an auto loan, I'd demand 5 years worth of income and spending documentation for a non-credit user. For a mortgage, I'd probably double that to 10 years (since after all, the borrower is taking on a longer-term loan).

 

[sweet canadian mullet]

Re: TRP: Will Wh*re for Pancakes

thanks, everyone. i'm glad to be out of that state, even though i am missing performing right now

Awesome. Now what?

i'm not really sure. right now, i'm a bum. i'm working at a gas station, living at my mom's. i had an interview with a zoo in texas, they're supposed to get back to me with their decision soon. hopefully i get out of my mom's house soon. if i don't get the texas job (or anything else in a few months), i may go back to horse theatre if my one friend will take me in his show

 

[goldy_331]

Re: TRP: Will Wh*re for Pancakes

It's a start, but we need to train more people to be forklift jockeys. And not the few people who are trained in specialized areas (like the trucking area where I am; there's only 3 people trained there, and 2 are forklift jockeys). Doesn't create that web of coverage that you need.

The world needs forklift jockeys too.

 

[bigblue_dl]

Re: TRP: Will Wh*re for Pancakes

i'm glad to be out of that state, even though i am missing performing right now

They don't have donkey shows in Michigan?

Ok, that was wrong, I'm sorry.

 

[Sloe Gin]

Re: TRP: Will Wh*re for Pancakes

They don't have donkey shows in Michigan?

Ok, that was wrong, I'm sorry.

no it wasn't.

And JMH, I'm a huge fan of Manhattans and the Old Fashioned. I'll check it out

 

[RaceBoarder]

Re: TRP: Will Wh*re for Pancakes

So which one of you Minnesota people boinked a fat chick this weekend

(763): View more from Minnesota

Good news.. I found out what I did Saturday night. Bad news... I found out what I did Saturday night.