Internet's first get-out-of-debt community - 123,000 members

Posted: Wed Aug 24, 2005 8:32 pm Subject: I never thought it could happen to me

I always thought that I was responsible when it came to credit and money. I never took on more than I could handle. Then the day came when I would just apply for any type of credit card because of a free gift or discount. Pretty soon I found myself with about a wallet full of credit cards. No big deal I thought!! After all I still lived at home until I was 23. So all my money went to paying my bills. Then my fiance' came up with this remarkable plan----lets get our own place. At the time it was a brilliant idea. I could move out of my fathers home and we both had decent paying jobs at the time. That started my road to endless debt. My fiance was constantly going from one job to another sometimes being unemployed for months at a time.I kept my job and still have the same job almost 6 years later but the debt keeps growing. We ended up getting married having three kids and are living paycheck to paycheck and usually it is mine.We have even had two cars repossessed. Then I came across what would seem like a beautiful thing. Payday loans!!!! I was in a bind with rent daycare utilities and my car payment. First I received 500 and then I just kept applying for loans because I needed to cover the finance charges on the previous loans. Now I have defaulted on around 9 payday loans and they are threatening to garnish my wages. I try to keep my head up, but its hard. Sometimes I dread answering the phone at work because I fear it is a collector wanting more money. I have been so desparate that recently I almost made a huge mistake. A company by the name of Credit1 Financial stated that I was approved for a 10,000 personal loan. The catch was that I had to pay 4 months in advance totaling almost a thousand dollars. But after doing research on the company I decided against it. Now I am just praying that I can get back on my feet again and get these payday loans paid and all the collectors off my back.

Posted: Thu Aug 25, 2005 7:44 am Subject:

Welcome to the forums, RYMDESYGN!
Your story is very unfortunate and I'm sorry that you fell into the same trap we all did. Its amazing how a green piece of worthless paper can either make one's life really great or really horrible...

We're certainly here to help and hopefully we can get you on the right track! The first step for you should be to consolidate your loans, which you can do through a company on this site.

Best of luck!

Posted: Thu Aug 25, 2005 10:54 am Subject: Welcome to the forums RYMDESYGN

Welcome to the forums RYMDESYGN (you can change your forum name by editing your profile),

Hope the community helps you rebuild your credit.

Denny

Posted: Thu Aug 25, 2005 4:19 pm Subject:

Thank you all for your optimism and support. I hope that I will be able to get out of this debt really soon. I know it will take time!!!!!!!!!!!!!!

Posted: Thu Aug 25, 2005 4:27 pm Subject:

RYMDESYGN, don't lose heart as patience always delivers fruitful results.

Posted: Thu Aug 25, 2005 6:49 pm Subject:

I really feel your pain.I have not defaulted on any of my payday loans yet but my kids and I are going without for the time being.Its rough and some days I just want to cry,but I know I must get through this.It will be a very depressing christmas this year,but by this time next year I plan to have no paydays loans and vow to never have one again.Good luck to you,I hope this board helps you find an anwser,If it wasnt for this board,I would have sent money to one of those scam loan sites and any hope I had would have been lost.

Posted: Fri Aug 26, 2005 2:06 pm Subject:

Twokidtwocat, we all are with you.

RYMDESYGN, always remember that these types of financial problems are like separating clouds. They just can't be stagnant. These problems will have to move away and our life will again be cherished by the beautiful breeze and enchanting melodies.

Take care and stay well

Regards
Roxette

Posted: Fri Aug 26, 2005 6:18 pm Subject:

twokid I almost fell for one of those scam loans as well. I thought it would help me so much and I almost sent my last paycheck to them. Luckily I started noticing little things that made me feel uneasy. I am glad that I joined this board. It is comforting to know that there is a light at the end of the tunnel.

Posted: Sat Sep 03, 2005 4:48 pm Subject: hello

i also feel ur pain rhonda i in debt am with 5 payday loan places ive been writing checks just to get by with my bills like my water and my lights and who to say when things will be cut off i have no money as well and my paycheck this week just got garnished because of my bank of america account was in the negatives so really i feel your pain and i am going through the same thing u are going through and just hoping things will get better someday because sometimes you think before you get things that you can handle all of the things the bills first you are on track and then all of sudden things just fall off track and everything comes tumbling down.

Posted: Sat Sep 03, 2005 4:57 pm Subject:

I know exactly what you mean. It is very frustrating wondering when or how something is going to get paid. That is why I joined here. I want to get everything on track and I want to be able to help those from making the same mistakes that I have made.

Posted: Sat Sep 03, 2005 5:17 pm Subject:

Rhonda, you are not only helping the community with your valuable ideas but also you are getting a practical knowledge about various types of situations that occur during times of crisis. So, this way if we continue to visit these types of forums regularly, we become confident and know what our next moves should be as we remember that "someone I know has already gone through this situation."

Keep up the good work, Rhonda. Highly appreciated by all the members of this site. You are offering your help to the members in this site which is at #1 since the beginning of this year And also your name will be globally famous for offering serious help to the people in need.

Regards
Roxette

Posted: Sat Sep 03, 2005 5:26 pm Subject:

Roxette, ever since joining this site, I have had more confidence in the decisions I make and I enjoy offering advice of what I have learned through the forums and through experience. Joining this site saved me a 1000 mistake. I hope I can save others!!!

Posted: Sun Oct 09, 2005 4:58 pm Subject:

i found myself writing checks one after the other to steal from peter to pay paul now i only use check cards thinking i can't bounce that somehow or another they find a way to still charge me nsf even on my prepaid charge card my husband found a way to be in the negative

Posted: Sun Oct 09, 2005 6:12 pm Subject:

Rhonda I know how u fel living paycheck to paycheck. For 2 yrs. i was supporting my huisband through his off the books low paying jobs. now he's finally got a fulltime job and my hrs have been cut. it's very hard when u have kids u have to choose between feeding and clothing them or paying u'r bills. it's really hard but u just have to believe things will get better soon. and hopefully this forum can help u.

Posted: Tue Oct 11, 2005 1:17 am Subject:

Me too I live paycheck to paycheck and it never seems like I save but now I am saving my money and budgeting for new and upcoming bills I am trying though and it seems like if I hide money and forget about it seems to come handy too.Because some days I try to budget and then I remember the money that I saved it really does help!

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