Jasanderson – Hello, thank you for the advice. DH will not be filing bankruptcy, we do not have to file together because we do not have joint accounts. The only reason I am filing is because of the 11,000.00 on the car – I have spent the majority of the last year paying off my debt – through settlements, my fear is that this car will be attached to the deed like my other judgments were, not fair to dh, my name is not on the deed. If not for the car, I would not even consider bankruptcy. As far as credit is concerned, I’m not looking for any – my focus is on building savings. I’ve never been smart about credit (I’m learning) but right now credit is the furthest thing from my mind. If I can’t afford to pay cash, I can’t afford it. It took me a great deal of time to wrap my mind around that concept, but I’m glad I’ve finally done so.
Should anything happen to dh we have more than enough life insurance to pay off our home and his auto, fortunately, on both sides we are covered there. I’ve closed all the credit cards I had, once I paid them off.
At this point my expenses are really low – cell, student loan, cable bill, food, braces and riding lessons for dd, that’s it. I bring in more than enough to pay all those, pay myself (envelope system) put some in retirement and still have some walking money. So right now I’m doing so much better than I was a year ago. I really have to thank the hard hitting members of this board for that. It was difficult to face my debt, and hard to admit, but I’ve taken quite a bit of advice here, working the second job last year really helped also.
Learning what I have over the past year, I honestly do not understand why I was so foolish with money. A huge piece of me was afraid of it, then there was the ‘let the man handle it’ almost like it was dirty for me to even consider it. I spent it foolishly, did not save and ruined my credit. I’m sure I’m in the same place that millions of other women find themselves in, my point now is that I have two choices, I can continue on the path I was on or take the steps needed to turn things around.
Thanks for your input.
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