Return to the Household Finances Forum | Post a Follow-Up

 o
I did it! - and How I did it

Posted by jannie (My Page) on
Mon, Apr 7, 14 at 9:01

I had posted here long ago about my debt problems. Through a lot of foolishness of my own doing, I found myself in 2005 unemployed, married, with thirty thousand in credit card debt spread over 5 credit card companies. I had kept my debt a secret from my loving husband, it was horrible trying to explain it to him. But he forgave me and still loves me. I began the process of digging out. I first consulted a lawyer who recommended filing bankruptcy, but I didn't want to do it. I just wasn't brought up that way. You owe someone, you pay them. I went online and found a debt advice service, for a small fee they provided calculators showing me how to pay off the CC's. (I don't want to advertise- but the name of the company rhymes with "Meck the fax" debt wise). I had to write each company, ask what's the smallest monthly payment they would accept, then started making regular monthly payments. At one point, I fell behind in payments and even got served with a Lien. But I begged the companies to allow me to continue making the monthly payments. It was hard, but I managed to make every single payment on time after that. It was actually "fun" like a game watching my balances go down. First Discover was paid off, then Macys, and so on. This March I sent in my final check for $571 to the last of the 5 companies. I am now debt free! I am NOT asking for praise. I'm just telling you my story. I got into a real mess , but I was able to climb out of that hell hole. I am now advising my twenty-something daughters not to take out credit cards, unless it's for convenience only and you pay back in full each month, I learned my lesson the hard way.


Follow-Up Postings:

 o
RE: I did it! - and How I did it

Good for you. Too many take the easy way and do bankruptcy. Now start putting what you have been paying each month into some sort of savings account for later. But first give yourself and your husband a splurge. Something you can look at and remember the good feeling you had sending that last check.


 o
RE: I did it! - and How I did it

You deserve some praise for paying what you owe instead of taking the easy out. You have my admiration.


 o
RE: I did it! - and How I did it

Sometimes I think people will never change because it is often a difficult up hill battle, but you did and you deserve praise. Congratulations and since you know how hard it was to do, you'll never go there again. LOL


 o
RE: I did it! - and How I did it

I remember when you first posted about it. Good for you and your persiverence and "stick-to it-iveness"as my mom used to call it.


 o
RE: I did it! - and How I did it

Thanks for the pats on the back. I'm now putting all that "extra" money into an emergency savings account. It's always something...Our back fence fell down this winter, so it's nice to know I have a little bit of breathing room.


 o
RE: I did it! - and How I did it

I read your story and was glad you posted follow-ups so folks would know how you were doing. I am SO happy that you've finally reached your goal! I know you got yourself in this spot (I've been there myself!), but you should be VERY proud of yourself for sticking with it AND not taking the easy way out like so many do. Bravo!

Oh, and while it's smart to keep putting the extra money away, I agree with the poster who said to splurge a little to celebrate!!


 o
RE: I did it! - and How I did it

At the end it is nice to see your story jannie, the only way to be respectful is to manage your expensive according to your income that is the thing advice by Holy Prophet (PBUH) in his narrations..... be careful and enjoy your life


 o
RE: I did it! - and How I did it

Great job on paying back what was owed and getting out of debt! Very happy to read you did it the right way and did not declare Bankruptcy. It must have been very hard, but you did it! You should be extremely proud of yourself. Thanks for coming back and letting us know the end results. NancyLouise


 o
RE: I did it! - and How I did it

Congratulations, Jannie! You have a lot of discipline and a very loving husband. I'm glad you are "out from under" the debt and able to give your daughters good advice.


 o
RE: I did it! - and How I did it

I was just reading your original post and wondering if you followed through and you did! Great job! The relief and excitement of being debt free must feel amazing. Pat yourself on the back, seriously. You deserve it.

I'm in my late twenties and have been in and out of debt a couple times now. I too started a plan to get debt free (wrote everything down, started debt stacking) and I'm down to one card (zero interest) and it will be paid off by December.

WhooHoo!


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Household Finances Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here