| Message |
1. Are you doing everything you can to bring money in? I myself have a 4 year degree and make OK money at the moment. However I wanted to pay off some of the debt I incurred during my school years so that I can go back and get my graduate degree. So I took a part-time job seasonally to get about an extra $500-600 a month. Sucks ass, not much free time, ask Miles here on TT.Net, I have canceled the last 2 or 3 meetings to work on our cars because I am always at work or tired. But if you are serious about getting yourself on your feet, that will motivate you to work 75+ hours a week. 2. Debt consolidators are not all bad. If you can group your debt into one monthly payment it will help you. Also it shows your creditors that you are actively trying to do something about your tardiness. All good signs when trying to recover from a bad credit report. 3. You don't want to sell the Z, OK, I wouldn't want to either, but I noticed you are Stage IV. Sell some of these items off the car in classifieds. I am not sure where you are in life right now, but give yourself a few years and you are going to want a new car and a new house. You may say NO now, but it will happen, sometimes the feeling happens overnight, trust me! With bad credit, this will be sooooooo much more difficult. Sacrafices must be made to get yourself back where you want to be, there is no easy way around it. 4. Sometimes you can haggle with the credit company for a lower amount. But normally they do this when you are able to pay them. In other words, lets say one of your credit cards is $5,000, you call and say, I can give.50 to the dollar, if they agree, they want the money now, not later, they expect a check for $2,500 within the week. They do this because people get tax returns and such and just want to get some money instead of none. It doesn't sound like you are at that point with positive cash just sitting around. You sound like you want to make payments, but want to haggle the amount down, but that won't make any sense to the credit company. Essentially what you are saying, is, "I can make the payments now, I just don't want to pay you forever for the amount I actually owe." If someone owed you, would you agree to that? One thing the cards may do while you are paying is to freeze the interest payments. In other words, the interest won't keep compounding on you, and huge problem for most people after they get a few months behind. Also, I am not sure if any of this is a school loan, you did not mention that. But this is in no way negotiable. They will haunt you for the rest of your natural life, and then some to get their money. School loans never go away, either asking for the cash, or off of your credit status. 5. Last option, which I do not recommend unless you are in dire straits, which you don't seem to be. Don't pay the cards, period. They will quit calling after about 4 years. I had a buddy that purchased a car for 5,000. He had several things go wrong with the car, it was a lemon that he dropped alot of money into. So he decided he wasn't going to pay for it anymore. Pretty irresponsible, but he since has bought a house and moved on. After 7 years this stuff drops from your credit history, but not school loans. What I would do, 1. consolidate the bills, get it to where it is easy to understand and is one bill each month. This will help you plan how long it will take and what you need to do to get the job done. Remember, you don't pay consolidators, the credit companies do. 2. Sell some items off your car that are not needed, this is very hard, but you must sacrafice to make changes. 3. Get a second job, this sucks also, but once again, are you really worried about this, or are you just wanting a magic answer, it takes hard work to get out of debt! Lastly, everything I just said was common sense real world knowledge, I realize that and you probably do to after reading it, but sometimes you need people to tell you the obvious before you do it. GOOD LUCK!
Drive a TT and you'll realize that turbo should be a standard option on all cars!!! |
 |
17:56:52 11/04/03
