And for the last in my series of short little posts before I start cleaning….
I actually realized for the first time today that my debt load is such that I’m spending more than half my rent in debt payments alone. I’m considering going to the credit counselors with the whole ‘ripping up the credit cards’ game, but I’m reluctant to do that if I’m not sure if I can afford my life without it. Of course, going deeper into debt is beyond dumb and into the realm of the massively fucking retarded. But I’m holding out hope of getting mo/bettah work soon. Gah.
The kicker is I could probably make progress on my debt if I busted my ass on work, but I am so completely undermotivated for work. And if/when it runs out, I’d really rather not be fucked without lube, which is pretty much how it would go, if my job hunt stopped so I could shove my nose to the grindstone. And, on the gripping hand, there’s no fucking way I could motivate myself to work 60-80 hours/week on this stuff so….
This post has been brought to you by the letters ‘f’, ‘u’, ‘c’, and ‘k’ and the set of negative integers.
consumer credit bungling
it’s been my understand that consumer credit places stand to do more harm to your credit records than you might imagine. from what i’ve been told, those places reach settlement agreements from all your debtors, and then consolidate those amounts into one lump sum for you to pay off. yay, great! reduced total amount + only one person to pay. but, it seems creditors will view those settlements with prior debtors in a more negative light than they will slow/latepays/payoffs.
just something to consider.
(btw, is Ro from austin/dallas? hrmmm)
Re: consumer credit bungling
Hmmm, well worth considering, thanks for the point.
Yeah, Ro went to UT for awhile. Seems I keep running into more people who know him…
Re: consumer credit bungling
this is probably true, but they will also view it in a better light than filing for bankruptcy.
it’s all relative, you know.
Getting out of debt is a good feeling. In fact, I think it’s better than the feeling one gets from luxury expenditures (if you’re into the whole delayed gratification thing).
Be careful
I did the Credit Counseling thing quite awhile ago, before it became popular – such a trendsetter.
It does provide a pretty big ding on your credit record and seems to be about as bad as actually not paying the cards themselves.
Took me FOREVER to get a new unsecured card and made getting a car loan a hassle as well.
If you need to be drastic rip up the cards and close the accounts; but as long as you can pay them the regular way, do that.
Or (if they let you) get a real high balance card that you can transfer too at little to no interest and transfer all to that and pay aggresively.