Today I finally mailed the checks out to take care of almost all the medical bills! We still have another one to pay off and it's next in line after we pay off another credit card. My husband is still trying to figure out who to get a hold of to pay off one of the other cards. I'll be honest, the debt we're trying to pay keeps getting shuffled from one collection agency to another. The last we heard, it was in the process of being sold. I would like to get it straightened out by the end of this week!
Wednesday, February 20, 2008
Monday, February 18, 2008
Another credit card paid off!
ALRIGHT! It feels really good to have another one paid off and cross off our list! We have 4 more to go and some medical bills left! We have 5 medical bills to pay and I'm going to write out checks for 4 of them now! Then we can cross those off our list!
I finally added our total amount of debt to the top of the blog. We started out with $37,016.56 and we've paid off a total of $6,322.74, which means we now have a remaining balance of $30,693.82.
I'm not quite sure how we'll get the rest of that paid off by January of 2009, but we need to stay motivated and try as hard as we can. We still have to replace our emergency fund, but that shouldn't take too long.
Tomorrow we're going to try and pay off another card! We couldn't get a hold of the right people today :)
I finally added our total amount of debt to the top of the blog. We started out with $37,016.56 and we've paid off a total of $6,322.74, which means we now have a remaining balance of $30,693.82.
I'm not quite sure how we'll get the rest of that paid off by January of 2009, but we need to stay motivated and try as hard as we can. We still have to replace our emergency fund, but that shouldn't take too long.
Tomorrow we're going to try and pay off another card! We couldn't get a hold of the right people today :)
Friday, February 15, 2008
Time to pay off some debt!
Today we got our income tax refund and it's time to pay off some debt! We will also be able to replace our emergency fund since we had to clean it out a few weeks ago.
We're really excited to be paying off some more debt and once we do I will update with the total amount of debt we've paid off since July.
As far as making money online goes, I've been starting to do some more offers on GPT sites and I've got a lot of ideas for articles. Lately I've been a little more focused on organizing the house so I haven't been able to spend as much time earning, getting new referrals, etc.
We're really excited to be paying off some more debt and once we do I will update with the total amount of debt we've paid off since July.
As far as making money online goes, I've been starting to do some more offers on GPT sites and I've got a lot of ideas for articles. Lately I've been a little more focused on organizing the house so I haven't been able to spend as much time earning, getting new referrals, etc.
Friday, February 1, 2008
Paid off another card
Yesterday we did closed another credit card out and it's another one off our list. The reason why I'm not too excited is because how it happened. We received, what I think is a "summons" that we were being sued by one of the creditors. It was going to cost us a fortune if we had to go to court and hire a lawyer, so I made my husband call the lawyers who was handling this for the creditor and they agreed to take a reduced settlement.
We're getting a letter stating that it's being closed and paid in full. The original debt was $3000 and the settlement was only $2500. If we didn't pay it we'd have to show up for court and spend well over $3000 that we didn't have. They were willing to take a postdated check so I had to transfer everything we saved to pay off the next card and the entire emergency fund to our main bank account to cover this. I consider going to court an emergency.
So, another one down, but we're worried that now the other creditors are going to follow suit and try to take us to court. Luckily we were able to file our taxes last night, so hopefully we'll have the refund soon and be able to pay off some more debt.
Our refund is less than we were hoping for. We had a 1099 from one of the credit cards we settled and the balance was considered taxable income and there was another 1099 from when I cashed out my 401k from a job I had years ago. The 401k was less than $500, but there's a 10% penalty also.
Getting the notice about court really, really scared us. We're now even more determined to have this debt paid off by Jan. 1 of 2009.
We're getting a letter stating that it's being closed and paid in full. The original debt was $3000 and the settlement was only $2500. If we didn't pay it we'd have to show up for court and spend well over $3000 that we didn't have. They were willing to take a postdated check so I had to transfer everything we saved to pay off the next card and the entire emergency fund to our main bank account to cover this. I consider going to court an emergency.
So, another one down, but we're worried that now the other creditors are going to follow suit and try to take us to court. Luckily we were able to file our taxes last night, so hopefully we'll have the refund soon and be able to pay off some more debt.
Our refund is less than we were hoping for. We had a 1099 from one of the credit cards we settled and the balance was considered taxable income and there was another 1099 from when I cashed out my 401k from a job I had years ago. The 401k was less than $500, but there's a 10% penalty also.
Getting the notice about court really, really scared us. We're now even more determined to have this debt paid off by Jan. 1 of 2009.
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