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17 and in debt need HELP!

Discussion in 'BlackHat Lounge' started by pimpnasty, Sep 25, 2009.

  1. pimpnasty

    pimpnasty Junior Member

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    I am in between payouts on my main affiliate is on the 23 of october and my other affiliate is on the 30th of october!



    Here is my story I singed up for WAMU awhile back with only a checking account, I would use paypal to get money out of my bank account and buy stuff. When I didn't have enough money it would say insufficient funds and not let me buy anything (or if it was 10 dollars from the max price it would overcharge). I thought that was okay I can handle like 20 dollars overcharge, well WAMU went bankrupt and it turned into chase. That is okay whatever well I sign up for my chase online account to check statements ETC, I see this weird credit card on my chase account with a outstanding balance of 1,600. I was like WHAT THE FUCK I called up and apparently When I try to buy something that I didn't have money for it used the credit card in paypal ( I didnt even know I had a god damn credit card).On top of that The charges only equal up to $350.93 but I didn't know about it for so long it turned into $1,600. Apparently There is nothing I can do and I cant wait to show my dad how fucking great it is that I have a 1,600 dollar outstanding balance. He already thinks that my affiliate marketing is going to ruin my credit this will just make it worse.

    So here I am only 17 and in fucking debt, my recent Affiliate check I spent on xrumer + dedi and my newest check is going to be 1,400 dollars from ****** and 1,600 from **************. The thing is they come next month, so I need to sell my domains.
    AND its my own damn fault, no one to blame but myself for this I should have seen where my payments were going to.


    Was wondering what I could do, I was thinking of calling my affiliate seeing if they could rush payment. But its a big corp and most of you know them as CJ and another pretty big premium block cpa company.
     
  2. blanc

    blanc Junior Member

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    C.pa.Lead has an early payment option...Call them :)
     
  3. Hyperion

    Hyperion Regular Member

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    Merchants have to pay the CPA company first so no point into calling them
     
  4. pimpnasty

    pimpnasty Junior Member

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    Yeah im talking to jeremy now im going to see what he says.. I need money by october 4th and he says I might have to wait until the start of the month

    He said more then likely I will get it by october 1st but the time to get the check and deposit it will be a pain in the ass. I might have saved my ass on this one.


    edit:But dont Merchants payout instantly? on cpa
     
    Last edited: Sep 25, 2009
  5. pimpnasty

    pimpnasty Junior Member

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    1600 is what I need

    Edit: I was thinking about the bank loan but dont want to be in debt any more
     
  6. the_demon

    the_demon Jr. Executive VIP

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    Yeh, if you can get a loan and pay the debt off now to stop it from growing that would be a smart move and buy you some time to cash those checks... Just make sure to pay your bank note a.s.a.p. You don't want to start a debt pattern and really ruin your credit history.

    BTW: Instead of selling your domains why not sell xrumer blasts?
     
  7. stevesdata

    stevesdata Regular Member

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    I really dont mean to sound like a d1ck but sometimes you just gotta learn from bad stuff like this. Try to get credit from bank, friends and family if poss.

    Traders refer to loosing money as paying tuition fees. Loosing a relatively small amount of money now could make you a lot better at managing your finances later on.

    Sorry I cant think of anything more helpful but I hope this makes you feel slightly better about your situation.
     
  8. da buck

    da buck Regular Member

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    If you are 17, there is no way you can legally get a credit card in your name. You have to be 18 in the USA to enter into a legal obligation. Dispute the account and find a lawyer that can have the debt removed.
    Posted via Mobile Device
     
  9. dada2008

    dada2008 Junior Member Premium Member

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    I could be wrong, but if you are under 18, I don't think you can legally have a contract - and there has to be a contract in order to agree to a credit card. I assume you couldn't lie to open the checking account, so I don't see how they can even hold you liable.

    Aside from that - there is definitely something you can do about the extra charges. You must not have spoken to a very helpful rep. I would say at least 80% of the time I have been able to get extra fees/charges at least cut in half, especially if you explain the situation. If one rep doesn't help, you just call back so you can talk to someone more empathetic, or ask to speak to their manager.
     
  10. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    Most bank charges are illegal, well in the UK at least. Google online and you'll find you can reclaim most of them back, so it'll be only the $350. still sucks, but damn sight better than $1.6k.

    Look online, and i sincerely hope it's applicible in the US, if not, move to the UK ;)
     
  11. eacarey

    eacarey Newbie

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    I would avoid taking out a loan. No reason to add to your debts. Contact the bank and be honest. Explain you will be paying the charges but not till next month.

    Don't stress yourself out. At 17 you have plenty of time to build up your credit.

    This is a learning experience. Pay attention to your spending and Say NO to credit cards!
     
  12. pimpnasty

    pimpnasty Junior Member

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    I was never informed of such long outstanding credit card charges. All I had was bank overcharges which I payed! I guess I will try consulting a lawyer with this one sounds the most economical. Thanks for everyones great advice.
     
  13. sharpie349

    sharpie349 Regular Member

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    You should be able to get out of it because you are 17.
    If your under 18 you cant sign a contract by yourself for one so you just found yourself a loophole luckily for you.
     
  14. pimpnasty

    pimpnasty Junior Member

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    Its under parent cosign, I just found out my dad isn't mad apparently this isn't the first time he has been fucked over like this. I am consulting a lawyer tomorrow
     
  15. silentthunder

    silentthunder Jr. VIP Jr. VIP Premium Member

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    If you take a loan against your own money with a new bank account you are not in debt. You are moving Your money around. This is actually a good way to increase your credit when you pay yourself back on time ;).