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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Bankrupt or try to 'gut it out'? Date:  11/14/2012  7:54 PM
Author:  aoeuid Number:  306429 of 310728

AJ wrote about our budget:

I think you are being overoptimistic on several counts:

***Yeah, I thought it seemed a bit 'too good' to be true. But the mountain cannot see the mountain. So, thank you for sharing your thoughts below.

- you haven't said that you have stopped using the cards - if you haven't already stopped using cards, stopping their use is critical to the implementation of this plan, and may not be that easy to do

****We haven't used them in over two months now. But, I do see your point and thank you for the reminder.

- you are not adding BT fees to your debt balances or else assuming that the interest rate (and along with that, the required minimum payment) will go up if you don't find another BT opportunity - this alone will probably add 6 months - 1 year t