CF Financial

[DH]

Should I back my local pot dealer on a package?

Yes, then come tailgate with us.

[PoopyfaceMcGee]

Make micro-loans to people who need them here

[phattymatty]

nm

[SD]

Need some advice, and since some of you seem like smart fellers I'll throw this here.

Baby's momma and I split in August. I got my own place. She couldn't make rent so she had to move and break the lease. The apartment complex (bunch of thieving iceholes) says she owes them $4,000 even though our rent was only $1000 per month. I guess $2000 was for the 2 months she didn't pay rent, $1000 for the buyout clause then another $1000 for some other bullshtein. She didn't dispute this with the complex and just accepted it. So they essentially evicted a single mom after 1 month of not paying rent. I gave her half the money for the buyout clause considering my name was still on the lease, and she agreed to pay the balance since she stayed and I left (I gave her the option of leaving).

So now she can't pay it and it's gone to a collection agency. They said they'd knock it down from $4000 to $3200 without reporting it to the 3 major credit agencies. I tried go half with baby's momma but she couldn't come up with her end. So now my credit is shot. I've had halfway decent credit my entire life and aside from $3000 in student loans have zero debt.

So my question is what are my options at this point? I have a buddy who's an accountant, he says eventually the credit agency will want to settle for something, like maybe $1000, it will reflect as a negative on my credit but it will be paid and won't be so toxic. Is he correct?

So I haven't paid this yet, and I don't have the need for a credit check in the foreseeable future as I'm fine renting at the place I'm at now. It's been well over a year since the debt went to collections. I was doing some research and statute of limitations on contracts in PA is 4 years. So if I wait this out another 3 years am I in the clear?

[Rome]

farg thost bloodsucking cocks from hell.  I'd tell them I have two grand, take it or leave it.  If they say so, tell them good luck trying to ever get a cent from you again.

[Diomedes]

I am not offering advice, but I wouldn't pay them anything or bother to tell them as much.  

[Eagaholic]

Need some advice, and since some of you seem like smart fellers I'll throw this here.

Baby's momma and I split in August. I got my own place. She couldn't make rent so she had to move and break the lease. The apartment complex (bunch of thieving iceholes) says she owes them $4,000 even though our rent was only $1000 per month. I guess $2000 was for the 2 months she didn't pay rent, $1000 for the buyout clause then another $1000 for some other bullshtein. She didn't dispute this with the complex and just accepted it. So they essentially evicted a single mom after 1 month of not paying rent. I gave her half the money for the buyout clause considering my name was still on the lease, and she agreed to pay the balance since she stayed and I left (I gave her the option of leaving).

So now she can't pay it and it's gone to a collection agency. They said they'd knock it down from $4000 to $3200 without reporting it to the 3 major credit agencies. I tried go half with baby's momma but she couldn't come up with her end. So now my credit is shot. I've had halfway decent credit my entire life and aside from $3000 in student loans have zero debt.

So my question is what are my options at this point? I have a buddy who's an accountant, he says eventually the credit agency will want to settle for something, like maybe $1000, it will reflect as a negative on my credit but it will be paid and won't be so toxic. Is he correct?

So I haven't paid this yet, and I don't have the need for a credit check in the foreseeable future as I'm fine renting at the place I'm at now. It's been well over a year since the debt went to collections. I was doing some research and statute of limitations on contracts in PA is 4 years. So if I wait this out another 3 years am I in the clear?

I know in some states they are allowed to sell it off to another collection agency to put the statute of limitations back on the clock as a new debt to keep perpetuating the process. I also heard there was a movement afoot to outlaw the practice but as far as I know it never came to pass.

A lot of things that can come up where they check your credit (car loan, new job application, backround checks, credit cards, interest rates, etc.) so it might be less costly in the long run to pay off what ever you can get them to settle for. Sucks about the X situation, seen it a bazillion times.

[Diomedes]

In other words, the game is rigged.  They claim you owe, so you owe.  Either pay up or be turned into a second class citizen.   Either way, you're farged.

[phattymatty]

any of you bitches that mess with stocks get in on the LinkedIn IPO yesterday?

i tried to get in around $50 but that mofo just kept rising and rising until i didn;t think it was worth it.

got all the way to 122/share until finally dropping to 90s at end of day.

regardless, anyone who invested doubled their money yesterday, at a minimum .

[DH]

it reminded me of google..i tried getting in at $150 back when that IPO'd, but by days end, I was priced way out.

[Diomedes]

How much money would you have to have in order to buy some stock like that.  I don't understand the system, so correct me if I'm wrong..but if you're small fry like me, you are literally not able to get in on something like the LinkedIn IPO. 

Let's say I had an extra thousand dollars yesterday and the time to go online during the day--fantasy both--could I have bought some stock?  I think the answer is probably no.  So how much would I have needed to spend to get in at 50 or 60 per share, and how would I place the buy order...through a real live human broker or through an online brokerage?

[reese125]

you open an etrade account online--very easy to do.

if you have a grand to spend at $50 a share you get a whopping 20 shares.

[Diomedes]

So assuming I had the funds and an etrade account on the day of an IPO by some company like LinkedIn, I could buy some shares..in this case, 20 or so?

[charlie]

So assuming I had the funds and an etrade account on the day of an IPO by some company like LinkedIn, I could buy some shares..in this case, 20 or so?

Yes.

but you pay a commission normally of about $10 per transaction.. so your 1000 is 990 for shares.

it's actually fairly easy.

[Diomedes]

I'm surprised to learn this.  I was under the impression that IPOs are not accessible to small fry...that big investors had first shot at it or something along those lines.

Thanks.