I Don't Believe You Should Be Able To Negotiate Your Credit Card Debt
By LooeyVille
@LooeyVille (59)
United States
August 29, 2025 7:00am CST
I hate those commercials on TV showing people how they can owe $100,000 on their credit cards but an agency will help them negotiate their debt and settle it for $30,000 or something ridiculous.
My opinion on this is that you spent the money, you owe the money.
If you spent more than you could afford then that's on you. That's your fault.
You have the things you spent the money on, or as Judge Judy always said, "You ate the steak, you pay for the steak."
I don't understand why so many people use "I don't have the money" as an excuse for spending beyond their means and getting out of control.
It makes me angry.
6 people like this
3 responses
@AmbiePam (102136)
• United States
5h
Reading about people who spend their money on unnecessary things and then don’t want to pay confounds me. I’m supposed to be glad you got out of paying for things you bought to live frivolously? Try paying medical debt because your non profit has crappy insurance. That’s the kind of debt I sympathize with. With medical debt you are not living above your means. You’re trying to LIVE period.
2 people like this
@RebeccasFarm (95798)
• Arvada, Colorado
4h
No but I think they should lower the interest rate..the interest rate is over 30 percent on a lot of cards.
1 person likes this
@mynameiskate (2593)
•
7h
I'm trying to end getting angry about things that are beyond my control and don't directly effect me?
Actually recycled money is a complicated thing. Although we tend to think of it from our own perspective money has some peculiar characteristics. It has a floating value and not always worth what it is showing. Money can be insured. Money can be bid on.
There is a big disadvantage to settling a credit card by not paying their demanding installments and in full. Poor credit ratings bump up future loan interest? But anyway when it comes to loans credit cards are the worst choice other than a loan shark that will use illegal ways to obtain your very soul.
1 person likes this
