Category: My situation

Thanks for the welcome

I have read all of Dave Ramsey’s book and listen to the radio show. I think he is good I also like Suze. I can say that I have cut back to much on stuff I even suprise myself on how well I am doing. I don’t drive much because gas here in Hawaii is expensive. I carpool with my neighbor to get the kids to school.

I don’t shop i stay away from the exchange and the mall ( that is hard to do being a woman)! We have completely stopped eating out which is another hard one for me to do. I even made up a ton of frozen dinner type things so that when I dont’ feel like cooking we are still eating good. I think I am on the right track.

Just thought I’d say howdy

I’ve finally faced my finances in the eye and put together my first budget (at the age of 35). I couldn’t figure out for the life of me why I’m just as strapped now, at $45k/year income, as I was eight years ago making $24k. I’ve never owned a new car, or made payments on one, for that matter.

I drive beaters. I’ll spare the goriest details, but my credit got destroyed about 9 years ago, when I finished college. Also FYI, I didn’t start school til I was 22. When I quit my job and started school, I had a big stack of credit cards, with $0 balance. I left them at home, knowing the next few years I’d not be able to buy crap on credit. I graduated, got a job, and moved back in with my folks til I had some $ saved up for an apartment. One day I got off work early, before my parents got home, and grabbed the mail. Discover card statement? In my name? I haven’t had that card in 5 years. What the? {opening statement} $32,000!!! WHAT THE @#$#!!?? Turns out my mom went nuts and racked up my cards, to the point that she could barely make min. payments. In the meantime, she’d also racked up HERS.

To the consternation of many, I chose not to prosecute her. I was stuck with approx. $78k in high-interest CC debt, making $24k a year (gross). It came down to this: prosecute my mom for fraud, and they’d lose their house, my mom would lose her job, etc., or demand that she repay everything, in which case they’d lose their house, etc. Ugly situation. I took on the payments. Including my own “legitimate” debt, $34k in student loans.

Hi from a new member

Hi !

i am Naida. i am a 28 year old stay at home mom living in florida! i am glad to be a part of the blog!

i joined last night and read a lot of the posts. i found it very interesting and informative..

here is my situation:

i owe 20 k in unsecured debt. i am current w my bills and can pay the minimums but feel as if i am not getting rid of my debt.

so i am looking for a solution. we just bought a home 2 months ago ( no have no equity in it ). i applied for a debt consolidation loan from my credit union but was denied.. so now i have either debt consolidation or debt settlement.

or i can try to pay them off by myself one at a time.. attacking the highest apr first… with the help of payday loans from my favorite website whoneeds500. i understand that both debt settlement and debt consolidation look bad on my credit report..

so any advice for me? has anyone done this type of debt elimination? what are the good and bad of this ways to get rid of debt? thanks in advance!

have a good day!