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An Offer I Might Not Be Able To Refuse... - DanGarion =dot= com
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Pain heals. Chicks dig scars. Glory. Lasts forever
Date: 2005-03-03 08:06
Subject: An Offer I Might Not Be Able To Refuse...
Security: Public
Let's face it money sucks. Bills suck. Credit cards suck.

Now that we got that out of the way I'm in debt. Not like can't afford to pay my bills debt but enough to where I do have to watch what I spend my money on debt. Part of the reason is because of my spending habits when I see something I want I buy it. Part of it is also because I occurred credit card debt over the years which I've allowed to build up to more then it should be. Other reasons include that my rent increased and also because I'm not getting as much overtime as I used to. But I want to get my self back in line, straighten myself up, not be dependent on the use of credit cards. It's not easy and unfortunately in my current situation I will be pay on them for quite awhile. It's one of the reasons I've been contemplating going to a 2 bedroom apartment and getting a roommate or maybe moving over to my friend Sean's when he needs a roommate. But these aren't ideal situations for me, I love living alone, I love my privacy, plus that only helps so much...

Well my mom threw an offer on the table. Come live at home free of expenses, and the money I would usually spend on rent ($970) would go towards my credit cards. I'd even take it a step further and do about $1300 a month on them. So at 12 months that would be $15600. I'd probably need a couple more months to be in the clear though (yes I owe more then 15k, my younger years I screwed up). But it's either I do this now or I always deal with this debt and paying even more ridiculous amounts due to the ARP. So I might also do one of those debt reduction things to get them to lower my ARP which means I'll get it handled even quicker. This beats any other course of action (I'm not going to fucking declare bankruptcy, I can save myself now if I do something about it).

Kelly said I should think about doing it, beddheaddJenn did too. It's not like I don't get along with my parents. My parents are great, they give me my space and they don't mind what I do when I live there. I will have responsibilities like helping around the house and such, but those are things that are expected especially when they are doing me such a great favor. I'm about 60% towards doing it, I just need to think about it more. I'd loose the privacy I've grown used to but you have to give things up to get things in return. And what I get in return is freedom from this debt.
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User: ethernetguru
Date: 2005-03-03 19:34 (UTC)
Subject: Go For It
Go for it.

Also, when you go with a debt consolodation place:

1.) Only use a gov't approved non profit or not for profit place.
2.) Ensure that your creditors will allow you to use a debt consolodation org.
3.) Followup with your creditors to make sure that all the necessary work has been completed and an arrangement has been made AND agreed upon between the two parties.
4.) Your credit will be marked that you used a debt consolidation company.

I used one 6 or 7 years back. I ruined my credit with 2 divorces and I had serious incurred debt from my time in the military. I used a non profit and everything was good, however, I kept getting all these late notices from two of the creditors. I contacted them and they informed me that the minimum payments that were being sent to them weren't enough and hence the late fee's and overage charges. I contacted the debt consolidation company and they said "We sent them a contract, but they never responded so we just assumed they accepted it." This went on for 8 months before I finally caught it. It made my credit worse than it was. I took out a loan from the bank, paid of my debt and filed a suit against the company...(which was dropped due to a clause they had in thier contract.. :( )

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User: ethernetguru
Date: 2005-03-03 19:40 (UTC)
Subject: Re: Go For It
https://www.annualcreditreport.com/cra/index.jsp <-- Free Credit Report from Uncle Sam

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User: beddheadd
Date: 2005-03-09 16:37 (UTC)
Subject: Re: Go For It
The moral of the story is to befriend lawyer friends so they can take what they can get for you.
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February 2017