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11-08-2012 05:18 PM
I would recommend (if not against posting regulations) a book "Your Money Ratios: 8 Simple tools for Financial Security" by Charles Farrell. Book was so good, I purchased copies for other people to read.
11-08-2012 05:54 PM
Good thing you recognized the problem. I know where you're coming from. My CL increased by over 500% and it was very tempting to go crazy and I did a bit. But I have toned down a lot in the past months.
Keep your head up and I'm sure you will do the right thing. We have all been there
11-08-2012 05:58 PM
Most of us here have been, are still, or will be in the same boat. It's part of life. I too am paying off my 5-figure CC debt, but I am making good progress. Got my student loans paid off, car notes, and two cards. Gives me breathing room. Finally got all my reports clean and I App'd for my first new card in a couple of years, mostly for the util. while I pay down my balances. I use my debit card a lot, and I have to think twice when I pull out the cc. Funny how hard times do that. Congrats on your new state of mind.
11-08-2012 05:59 PM
It is a good thing you are coming to this realization now. You should be able to control your debt at this point. I wish I would have had an awaken much earlier on. I had over $50k in credit lines at one point with about $25k in balances. As a young twenty-something with little experience with credit, it went bad and fast. I spent way more than I was making and then bam serious health problems, job loss, and bankruptcy! I wish I actually used this forum way back when and saved myself before I lost my job and my credit. I wish you all the best of luck!!
11-08-2012 06:09 PM
11-08-2012 06:42 PM
I'm spending way too much money for what I bring in. I actually feel humbled. I remember some oddball poster saying negative things about me here and what was said was not far off from the truth.
I have to settle down and spend what I can afford. My CC debt got up to over 10k.
I have to thank my lucky stars for PSECU, they have never let me down. I was able to get a personal loan to clear half of my CC debt and thankfully the rest is on a 0% card I can make big payments on monthly.
I have this forum to thank, because I realized I grew my credit garden way too fast and got irresponsible with it. This is a lesson learned.
Thank you everyone!
(And yes, I had to take a HP on EX but this is something that had to happen to get things straight. My butt will be parked in the garden for 2 years, all of my credit aspirations have been reached and they need to age!)
Giving you big big hugs! It will all work out
11-08-2012 06:45 PM
Good for you, can't fix the problem without admitting there is one. Good luck to you.