tag:blogger.com,1999:blog-2242285634703395566.post1275111112640090044..comments2008-09-19T06:57:53.029-07:00Jackiehttp://www.blogger.com/profile/07164820367002699338noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2242285634703395566.post-22283256493552782252008-09-19T06:57:00.000-07:002008-09-19T06:57:00.000-07:00Yay!!! Good for you! We are about a year away but we started with almost 20,000 and now we're down to a little more than $1,000. It feels really good. We also have medical bills to pay off. One miracle at a time. One way we did it was selling stuff we didn't need and paring down to live more simply. It made a huge difference for us and we never want to be in that position again. Being debt-free is insurance for our future and we want to keep it that way.<BR/><BR/>Jerry<BR/>www.leads4insurance.comJerryhttp://www.blogger.com/profile/02297947643006068426noreply@blogger.comtag:blogger.com,1999:blog-2242285634703395566.post-63264629798026987142008-08-28T17:37:00.000-07:002008-08-28T17:37:00.000-07:00Hi Jackie,<BR/><BR/>Yes, I'm definitely ready! I've had your bracelet ready for a while but couldn't find your address! lol! Email me at bjreardon@comcast.net with your address and I'll send it out. Thanks! <BR/><BR/>- Jen :)Jenniferhttp://www.blogger.com/profile/09426442791606582119noreply@blogger.comtag:blogger.com,1999:blog-2242285634703395566.post-88560859925245699112008-08-28T14:24:00.000-07:002008-08-28T14:24:00.000-07:00HS,<BR/><BR/>We didn't "rob" a 401k. We took an early withdrawal of some money my husband put into a savings fund from work, none of it was money that the company he worked for put in.Jackiehttp://www.blogger.com/profile/07164820367002699338noreply@blogger.comtag:blogger.com,1999:blog-2242285634703395566.post-69008592517450347672008-08-28T14:23:00.000-07:002008-08-28T14:23:00.000-07:00Jennifer,<BR/><BR/>Thank you for the well wishes. I know we'll never end up in this situation again. It was not a 401k/loan that we got the money from, my husband's company has a different savings fund. We do have to pay a penalty tax next April, but we're prepared for that.<BR/><BR/>I understand about the instand gratification part, but the credit cards are closed (which I've never used) and there's no way to reopen them or get another one (which we don't want). They are completely gone from our lives. The lesson my husband learned was a life changing one. <BR/><BR/>I mentioned in a previous blog post about how my mom used my name to get credit cards when I was just a minor. When I did turn 18, I went through hell to get rid of that debt and I learned about the reality of credit cards real early.<BR/><BR/>We're being very careful :) <BR/><BR/>Thanks :)<BR/><BR/>P.s. btw, are you still interested in what we talked about before? I am finally done with that wholesale order and now that we're moved in our new place, I can soon get them started. So sorry it's taken so long!Jackiehttp://www.blogger.com/profile/07164820367002699338noreply@blogger.comtag:blogger.com,1999:blog-2242285634703395566.post-80781913103869050962008-08-28T14:18:00.000-07:002008-08-28T14:18:00.000-07:00Donna,<BR/><BR/>I'm sorry that happened to you after divorce. When he got the divorce, we did a lot of research about what can still happen after the fact. We called each credit card and got her name taken off and we had to show proof of the divorce too. <BR/><BR/>All of the accounts are now closed and there's no way of getting them reopened, all of them went to collections.<BR/><BR/>Last year we settled a few of the credit cards and we knew the difference that was forgiven would be considered income on our taxes, so we know what to expect now next April and we're prepared for it.<BR/><BR/>:)Jackiehttp://www.blogger.com/profile/07164820367002699338noreply@blogger.comtag:blogger.com,1999:blog-2242285634703395566.post-85618202370317194272008-08-28T11:40:00.000-07:002008-08-28T11:40:00.000-07:00If it was a 401k account you robbed you are not alone LOL everyone is doing that right now...HS @ Our Debt Bloghttp://www.blogger.com/profile/16131857251377260758noreply@blogger.comtag:blogger.com,1999:blog-2242285634703395566.post-75752561522153125922008-08-22T08:01:00.000-07:002008-08-22T08:01:00.000-07:00Sorry to be another "warning giver" - but 10 years ago we borrowed money from our 401k to pay off the credit cards. And guess what, about a year later they were charged right back up to almost the amount they had been, and we had the loan to pay back on top of it.<BR/><BR/>I know you don't think that will happen to you - and I didn't think it would happen to me either. Just wanted to warn you to be careful. It is a real lifestyle change to give up instant gratification (whether in buying stuff or getting rid of debt). Slow and steady really does win the race.<BR/><BR/>I wish you luck. :)Jenniferhttp://www.blogger.com/profile/09426442791606582119noreply@blogger.comtag:blogger.com,1999:blog-2242285634703395566.post-30702078884324415242008-08-21T18:55:00.000-07:002008-08-21T18:55:00.000-07:00Just as a warning to you--I went thru a divorce and we had no credit card debt at the time I separated from my ex. AFter the divorce he racked up nearly 10,000 on the one card we had--which initially had a 3000 limit---I found out nearly 3 years later! When the credit card companies came after me--I was clueless about any of this debt. Anyway, I was stupid and naieve and thought the divorce papers took care of this part--by stating I owed nothing on the card...long story short that was not true<BR/><BR/>Add to that the credit card companies could pursue me in the state I now live in for the next 7 years(while the card would acrue intrest charges and the debt would be even bigger!) Where as they only had a short window to pursue him in his state. <BR/><BR/>Anyways, I ended up offering to settle the card just to have the nightmare over--I refused to pay it all since I first of all did not charge a dime on it! So I offered the credit card company 1/2<BR/><BR/>But my nightmare was not over....come tax time I had to pay on that 5000 that the credit card companies "wrote off" on this debt.<BR/><BR/>I noticed you said you settled some of these credit card debts and I wanted to warn you to be prepared to count what ever is written off as ---income.. <BR/><BR/>I just wanted to prepare you for this possiblity.<BR/><BR/>But on the upside I know it feels good to be credit card debt free--congrats!Donna(mom24boyz)http://www.blogger.com/profile/06893314713352399022noreply@blogger.com