UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev | Next
Author: agg97 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308782  
Subject: Re: Ashamed to Admit Debt Amount Date: 9/15/2005 1:12 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 5
Okay, here it is - we owe $81,000 to a combination of credit card companies.

FWIW, $81k is not the highest amount this board has seen. We've seen six figures before, and they've dug themselves out!

Don't bother pointing out how stupid, crazy, irresponsible, and awful this is - I live with this shadow over us every day. But, is there any hope?

You've come to the right place, PineLevel!!! Nothing but help, encouragement, and the occasional "tough love" here.

The main questions you need to ask yourself is HOW and WHY this happened. More often than not, it is behaviors and attitudes that need to be recognized, accepted, then changed to reflect your new G.O.O.D. (Getting Out Of Debt) priorities.

If you feel comfortable enough, you can post your monthly expenses and we'll take a swath at what seems reasonable and what doesn't. Sometimes it just takes a new set of eyes to make you see something. For example, a few weeks ago, it was pointed out that someone's truck payment was more than their mortgage.

We make enough money, but the minimum payments are $1800.

I'd start by reading the FAQ to the right ========>

That's a good primer on lots of the things we'll be talking about. In particular, pay attention to the parts about emergency funds, freedom funds, and snowballs.

Well, at least now I've confessed. Maybe that's a start

There's no "maybe" about it...it's DEFINITELY a start. Take a look at step 1 of any 12-step program.

So, welcome, settle in, and when you feel comfortable, let us know how we can help.

-Agg97
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Ringing the NASDAQ Bell
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement