you don't have credit card debt?
don't get me wrong, i owe money to credit card companies (and phone companies, and cable, and well...you get the picture), but my accounts are all closed and i'm in collections all over the place. most of the "get out of debt" strategies i've seen and read about focus on making deals with your credit card company to lower your interest rate and pay on time....but what do you do when you're in collections??
my finances are so bad i've considered bankruptcy. it's not that i owe an insurmountable amount of money, it's just that i seem to owe everybody everything NOW. all collection companies want their money NOW. sure they may make some payment deals, but when you add up all the bills, it far exceeds the amount i can/want pay at once. i'm sure i haven't done much to help the situation either. my strategy so far has been to ignore the calls and lie: "uhhhh common isn't home right now, call her back later. thanks."
but now that i have a child & have started my life with the man i love, i don't want to be afraid to answer our phone. i don't want to worry about being sued (i've been threatened), i don't want to worry about anybody garnishing my wages, and i don't want my financial problems to stop us from buying a house or a car or anything else we'd like to do.
so today has come. i'm am about give my son some Scooby snacks, throw some toys in his crib and begin the process of opening up all my bills, figuring out what i owe and what i can pay. i am very nervous. i pray a gigantic amount of debt doesn’t haul off and slap me upside the head, but i'm ready to face it.
wish me luck. i'll keep you posted. oh.. .and thank you to everybody who has commented so far. your advice & encouragement has been very helpful!
ps--i've noticed that a lot of you PF bloggers have those fresh looking graphs on your page to track your net worth, debt, and savings...where can i get one? holla at your girl.