http://masteryourcard.com/blog/2008/05/15/auctioning-debt-to-the-highest-bidder/ The best Credit Card Debt Blog online Tue, 09 Mar 2010 09:42:31 -0500 http://wordpress.org/?v=abc hourly 1 http://masteryourcard.com/blog/2008/05/15/auctioning-debt-to-the-highest-bidder/comment-page-1/#comment-2075 Week in review | Pinching Copper Sat, 17 May 2008 10:04:31 +0000 http://masteryourcard.com/blog/2008/05/15/auctioning-debt-to-the-highest-bidder/#comment-2075 [...] Master Your Card pondered the ethics of auctioning off your debt. [...] [...] Master Your Card pondered the ethics of auctioning off your debt. [...]

]]> http://masteryourcard.com/blog/2008/05/15/auctioning-debt-to-the-highest-bidder/comment-page-1/#comment-2055 DailySpends >> Fri, 16 May 2008 13:21:11 +0000 http://masteryourcard.com/blog/2008/05/15/auctioning-debt-to-the-highest-bidder/#comment-2055 Good for you for paying it off Joe, and I'm sorry to hear you suffered at the hands of your tennants. Good for you for paying it off Joe, and I’m sorry to hear you suffered at the hands of your tennants.

]]> http://masteryourcard.com/blog/2008/05/15/auctioning-debt-to-the-highest-bidder/comment-page-1/#comment-2045 Kristy Fri, 16 May 2008 01:34:53 +0000 http://masteryourcard.com/blog/2008/05/15/auctioning-debt-to-the-highest-bidder/#comment-2045 And if you can handle that, then others should be able to handle their debts. Like I said, I think there are very limited cases in which a bankruptcy is appropriate. I'm glad everything worked out for you! And if you can handle that, then others should be able to handle their debts. Like I said, I think there are very limited cases in which a bankruptcy is appropriate. I’m glad everything worked out for you!

]]> http://masteryourcard.com/blog/2008/05/15/auctioning-debt-to-the-highest-bidder/comment-page-1/#comment-2044 JoeTaxpayer Fri, 16 May 2008 01:23:08 +0000 http://masteryourcard.com/blog/2008/05/15/auctioning-debt-to-the-highest-bidder/#comment-2044 Call me old fashioned or call me stupid. After the last boom/bust real estate cycle, I had two rental units (condos) which were selling for $20k each, and I still owed over $40k on each one. To ad insult to injury the tenants in both were late on their rent by months and the judge let them stay as long as they made partial payments. I worked for two years just to pay them down and as the value came back, I dumped them, and the bank got 100% of their money. Never considered bankruptcy. (One tenant filed, though, and left me owing 6 month's rent) Joe Call me old fashioned or call me stupid. After the last boom/bust real estate cycle, I had two rental units (condos) which were selling for $20k each, and I still owed over $40k on each one. To ad insult to injury the tenants in both were late on their rent by months and the judge let them stay as long as they made partial payments. I worked for two years just to pay them down and as the value came back, I dumped them, and the bank got 100% of their money. Never considered bankruptcy. (One tenant filed, though, and left me owing 6 month’s rent)
Joe

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