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Originally Posted by timetosave
I can't tell you how scary it is to put my 'debt' out there in public. I can't tell you how uneasy this makes me...opening myself up to all eyes...I do, however, understand that I have not been able to do this alone so I do need help.
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Good for you! We don't know you personally so we won't know you if we see you on the street. I am proud of you for listing your debts.
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Originally Posted by timetosave
Outstanding principal balance: $34,453.18
Accrued interest: $119.34
Total amount outstanding: $34,572.52
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Alot, but workable!
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Originally Posted by timetosave
I just requested a deferrment on this today
GMC owe 26,660.63
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Is this a vehicle? If yes you need to sell it! You cannot afford it and even if you are upside down you must sell it and get a solid junker for a year.
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Originally Posted by timetosave
Total Past Due 987.59
Total Other 318.37
Total Due now 1,795.87
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Get current anyway you can! Then negotiate with each one on a way to reduce your burden. You are not asking for a reduction of your debt just a payment plan to help you make your budget work. Tell them they will get their money but you need a little time and a payment plan.
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Originally Posted by timetosave
Judgement: First Niagara Bank 5,189.00 This was a computer I sold on ebay...bad check
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Another Ebay horror story...sorry you were the victim!
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Originally Posted by timetosave
Crossing Pointe Charged off 123.00
Fashion Bug Charged off 833.00
Monroe and Main Charged off 258.00
Newport news Charged off 1,897.00
Presidoio/CM charged off 2,345.00
Through the Country Door charged off 385.00
Capital One bank charged off 1,091.00
CBCINNOVIX charged off 840.00
Unique National Collections 48.00
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The charge offs have to be reported on your income taxes as income I believe.
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Originally Posted by timetosave
Coming in...work fulltime 993.00 bi-weekly + 531 monthly
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What do you have left after current living expenses like home, food, and utilities. You have to live first.
My plan of attack would be to definitely sell the vehicle and get a personal loan for the difference if upside down. That is going to be awfully tough with your history, but $26k+ verhicle is gonna get repo'd if you don't do something fast.
The bank will work with you if you sit down with them and show them your budget. I have known people who actually did this! Ask them if you can pay them $50 a month and you will meet with them every 3 months to show them your progress and rework your payment plan to suit your needs. They will do it because otherwise they may never collect the $5800.
But honestly without the vehicle you are much better off than you seem to think.
I am not sure if you own or rent a home, but you could babysit or do in home daycare to make extra money. Our friend did it 24 hrs a day when she divorced her abusive ex and had a paid for home and money in the bank within 8 years...just a 2 bedroom very modest home.
Point is at $2-$3 an hr per kid you can make an extra $100 per week while the kids sleep if you do 3rd shift daycare. My current daycare lady does it on first shift only, so she can be with her 2 kids in the evening and still does fairly well. I pay her $3 an hr for 1 kid during my school hrs and she is very flexible on the schedule.
Friends or family may be able to help you get a reliable vehicle at a good price if you can find one who is looking to move up. Don't ask for a loan since it may ruin the friendship. Just ask if they know someone who is selling a good car. Try traveling salespeople since they put massive miles on very new vehicles and it tends to be easy miles. We purchases a 1 1/2 yr old Grand Prix with 83K on it for $6000 and it now has 125k and barely any repairs 5 yrs later...knock on wood. I wouldn't sell it for less than $3k because I know how good it is and we have owned it free and clear for 4+ years.
Well there is my 2 cents.
Hope this helps some!
PS Listen to Dave Ramsey live show here
http://www.daveramsey.com/radio/home/
He also has archives of his radio show on his site here
http://www.daveramsey.com/radio/home...ShowArc hives
He will give you some extra inspiration that you can work your way through this debt!