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 Posted: Thu Mar 20, 2008 11:08 am Subject: Sinking like a lead weight |
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Well all I can say is I have made BAD choices. My fiance and I both had good jobs and bought a brand new $26,000 travel trailer. Then we BOTH lost our jobs because we were DATING... long story. Between the two of us we lost $10/hr. Long story short, the trailer was in MY name because he had previous debt issues, then I had to let the trailer be repossessed. He found a better job, but it's turning out to not be so good because since this year has started he has only worked about four spuratic weeks and my wimpy income is not covering our expenses.
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pforster4
Joined: 20 Mar 2008
Posts: 2
Debtcc Points: 71
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| Posted: Thu Mar 20, 2008 3:38 pm Subject: |
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Welcome to the Community  I know what you mean about bad choices--been there, done that-several times!
If you can tell us if you have other debt and what kind, we can point you in the right direction.
Since you are a member, you are entitled to a free debt consultation. They can tell you what options you may have concerning your debt.
Ther are many ways to solving your debt problems, such as Debt Consolidation, debt settlement, and Do it Yourself.
IF you have questions, please ask..KAren
_________________
As long as you are alive, there's always hope
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Bossy4455
Moderator
Joined: 27 Feb 2006
Posts: 5293
Debtcc Points: 63268
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| Posted: Fri Mar 21, 2008 12:56 am Subject: |
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okay the choice you made weren't bad at the time you made them...and thought it was okay ...good luck!!!!!
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socksfullofrocks
Joined: 14 Dec 2007
Posts: 579
Debtcc Points: 58
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| Posted: Fri Mar 21, 2008 7:45 am Subject: |
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Debts:
Mortgage: $614/mo
Three CC: $72 (3600), $50 (2500)& $20/mo (1000)
Debt Chargeback trailer 100/mo(so far)20,000 balance
Car: $268/mo
Truck: $260/mo
Currently 1 income $1720
Other monthly expenses:
Power $30-80
Natural Gas $46
Cable $50
Cell $100 (no home phone)
School $83.50
Day Care $50
Health Insurance $37.50
Water/sewer/garbage $55
Food & Gasoline (god only knows!!)
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pforster4
Joined: 20 Mar 2008
Posts: 2
Debtcc Points: 71
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| Posted: Sat Mar 22, 2008 12:46 am Subject: |
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you will get help here pforster4!!!!
click on the free consultation button on right hand of page and good luck!!!!!!!!
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socksfullofrocks
Joined: 14 Dec 2007
Posts: 579
Debtcc Points: 58
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| Posted: Sat Mar 22, 2008 5:06 am Subject: |
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First let me say that I totally understand your situation. I have been in your place but now thanks to the help of many people, and much research, I am on the road to a better finacial life.
I have a question: If the trailer was repoed, why do you owe the total amount?
Here are is my suggestion:
1. Put yourself on a very strict and tight budget. This is not easy but I am telling you it works. I did this and it changed my life.
2. Think about your cars. Is it possible to sell the cars, pay off the loans, and then use the rest of the money to pay cash for new cars?? This is easier said then done I know.
3. If you still have the trailer, I would get rid of it. Sell it and then pay off the loan. Then when you are better off, you could get something else.
Just my suggestions and I wish you luck. Keep us posted.
_________________
"If you have knowledge, let others light their candles in it."
— Margaret Fuller
Nobody can make you feel inferior without your permission.
-Eleanor Roosevelt
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spatterson_40
Joined: 04 Jan 2008
Posts: 328
Debtcc Points: 4054
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