Why not a settlement company,and who did you use that you wouldn’t recommend, and who is the debt management company you use that is such a good help?
Can you share that info?
Most of us here are learning as we go, and have made a lot of little and not so little mistakes with our finances. I find that there are very few people who will even talk about budgets and money, let alone try to help you. That is why this group it great.
Anonymity helps…you have the occasional jerk Now I can think of two. If nothing else you know you are not in the boat alone, others are on the same boat. I wish I could offer more help.
I have found that since I have started to write down everything we spend I don’t spend as much, and if I go into the store I write down a list before I go and get only what is on the list for the week, has helped, so much I find extra money a lot, and I couldn’t of told you that 6 months ago. I reuse to let the debt win….take care.
I appreciated your honesty. The tone of your post was positive even though what you had to say doesn’t leave many options which of course is NOT your fault. It’s mine for getting so far in debt.
If the 3rd legal issue is resolved that would completely wipe out my debt and allow us to get back on track. This action has been pending since 2013 so I am hoping that it will be resolved by December.
Combine that with the bonus I should receive in February and I will be just fine. We had filed for bankruptcy and then changed our mind thinking (hoping) that the money from the lawsuit would come in before we had to do that.
We completely revamped the budget and just yesterday I cut down some of our expenses even more. It’s funny how you have some things that you thought were necessary to survive and they really aren’t.
Which brings me back to the question about the allotment sheet. If that would hold off some creditors until my legal issue is resolved then that would be great. I know that I would have to work hard to repair the damage but I would feel better doing that then filing bankruptcy. If we filed for bankruptcy and then when I received the proceeds from the lawsuit and my bonus they would be completely be taken from me to pay my creditors. Understandable but my credit would still have BANKRUPTCY written all over it and I just think that looks worse. May be my misperception though.
So again thanks for the post. Your approach was what I was looking for in the blog. The previous post left me feeling stupid for joining.
I just discovered Dave Ramsey’s radio program a few months ago, and I now listen to him and his callers almost every night.
His show is entertaining and useful even for those not in financial crisis, and for those who ARE in financial crisis, he gives them hope even when it looks like there is no hope.
He does that largely by helping them sort things out. For one example, a desperate caller talked about being much in debt to “check cashing” companies who were actually making loans at outrageous fees.
He talks very strongly and sternly… like a “Dutch uncle”… and he does bawl people out for doing foolish things, but then he turns kind and tells them what to do about it.
In the case of the “loan sharks”, he ranted and raved about “near criminals” who take advantage of people in trouble, then, “OK, we have to pay them, but they get paid last, OK!!”
He says some of the same things that have been argued back and forth here… He says pay off the little bills first, because that gives you a feeling of accomplishment, and it’s important to get your self esteem back… and he takes it from there to talk about getting your life in order, so that you fix the problem, not just get a temporary solution.
Here is his website; Right there on the front page is a box with a link to his radio program information. Click there and it leads to a page where you enter your home town and they respond with the station if they have one in your area.