Re: Dawgamus and the deep dark hole of sub 600
10-06-2012 09:09 AM
Dispersal of Lump Sum Payment
Amount Received approx. $15k
Vehicle for Grandson $5k
Secured Card 1 $1k
Secured Card 2 $300
Escrow Acct (down Payment for house) $ 5k
PFD HSBC BANK. $550
PFD PHYSICIAN & DENTISTS $350
PFD AUDIT & ADJUSTMENT COM $1200
PFD I C SYSTEM INC $200
Vacation been 25 years since last. Remaining after payout
Retirement /college fund remaining from vacation/savings on PFD
Dawgamus, you can't afford to buy your grandson a car, and you can't afford to go on vacation right now.
I suggest you take the car money and the vacation money, and use it to pay off your debt and to fix your credit.
Once your credit is back on track, and you are working again (are you going to be working again, or will you be retiring? I can't remember) you can do all those wonderful things you want to do for your grandson and your loved ones.
I know it'll be hard to explain that even though you want to do those things, you just can't afford it right now; but if you spend it the way you're proposing, I don't see your credit improving, and only more of these problems in the future.