How to Attack Debt

[Petunia 100]

Sounds like you're making some progress. Keep it up!

[Eagle]

Hi everyone,

Sorry I haven't responded...final exams

So here is an update, some good, some bad:

1)My boyfriend got an unexpected bonus check of $690 in addition to his paycheck, so we capitalized on that and took care of our energy bill.

2) I couldn't get to my oldest Capital One CC account in time, and it was closed. It sucks since I've had that card for almost 10 years, but it is what it is. However it has not been charged off yet, and they are only asking for $75 by Jan 4. I will be sending them that payment this Friday. My other Capital One account is over the limit, but current. I will also be sending them a payment on Friday to over the over-limit balance.

3) My Kohl's card was also closed. I am awaiting to hear back from them about the minimum payment needed to prevent a charge-off.

4) I opened a second saving account with Capital One. There's on;y $10 in it right now, but it's a start.

5) The boyfriend received a payment history for his truck, and we only have 5 payments left. After Friday, it will be four. I left it up to him to decide if he wants to payoff early, because he no longer wants the truck. Or a car payment.

Remaining Credit Cards:
My main plan of attack is to continue making the minimum payments to take care of the over-limit amounts. Once I do that, I will pay 70% of the balance to reflect my credit usage on my credit report.

Way to go! Keep up the good work.

[FifthElement]

Another update:

I thumbed through my recent credit reports, and I sent two Pay-for-Delete letters to collection agencies this morning. Waiting for their response.

[snafu]

Did BF pay off his truck? Is it listed for sale? Have you been in touch with creditors to explain your situation and work out a re-payment schedule? Since BF's earning more, have you both created a new plan so that living expenses based on percentage of income more fairly reflects contributions for rent, food and utilities? Did you add anything to your savings account?

What is the plan going forward? Goals for 2015? Make it SMART...that is... Specific, Measurable, Achievable, Realistic with a Timeline. I know from experience that when you write it down and use a vehicle like SA it is the first step towards commitment and we're here to cheer you on.

[Randomsaver]

OP, lots of great updates!

Keep it up!