Huge CC debt...HELOC denied

[Debbie Jean]

"Everyone is intitled to their own opinion, so back off.!!!"

You clearly have issues with the economy that you want to address because they are important to YOU.

This is not the thread to do that, however, and considering the OP's circumstances you sound self absorbed and insensitive. There are other threads to post your views on the nation's financial situation. Find them and post there.

BTW, your husband looks young and healthy, not unlike the OP, so I wonder how you would feel if you woke up tomorrow morning and found he'd passed away in his sleep? You wake up one morning and find you are a widow and single parent... I think you lack the life experience to actually imagine what that might be like for you, day in and day out. The OP is living it. She finds herself in a desperate financial situation, partly from decisions she made which I think she might change if she had it to do again, and some which are just the result of life is life. She is looking for ideas that will help.... not someone's idea of what the problems of the economy are.


OP, I'm sorry about the financial problems that your find yourself in at the moment... you are doing a great job keeping your family going... it's hard when everything falls on you... I don't have any financial wisdom to offer but think you've gotten lots of great suggestions... please feel free to post whenever you need advice, encouragement or just to unload

 

[gobraves39560]

Okay... I already apologized!!! Sorry... I did not read from the start of this board, which was a HUGE mistake, and did not read a/b the husband, feel bad about it! This will be the last time that I ever comment about anything finacncially on the Dis. What else can I do?? Throw stones at me or something...

 

[planbe09]

Okay... I already apologized!!! Sorry... I did not read from the start of this board, which was a HUGE mistake, and did not read a/b the husband, feel bad about it! This will be the last time that I ever comment about anything finacncially on the Dis. What else can I do?? Throw stones at me or something...

It's ok, really. I know I may have sounded like I was whining, but I was just in a frozen panic, which is a terrible state of mind to be in.

I was able to get my CC rates lowered a bit, which will help. I decided to use $23,000 of my savings to pay off a big chunk of the debt. I've also been reading Dave Ramsey's website (thank you for that suggestion) and will be following his plan to pay off the smallest card on up, and snowball those payments onto the next card. I have 3 cards, and will close one when it's empty of the debt. I've written out my expenses vs my income, and although it'll be difficult, I'm telling myself it'll make me and my girls stronger and wiser about money.

I love the idea of a movie night with my girls, with free movies from the library.

This has been a scary and exhausting few days, but I've learned to keep a cool head and stay calm. When I originally posted, I thought it was the end of the world. I'm now grateful that I didn't get that HELOC, as my equity is staying safely where it belongs. Although I admit I cried when I got to my car when I got out of the bank after being denied.

To the kind people who PMed me, I'm sorry I couldn't respond due to not having enough posts. All of your advice and support has helped me so much.

And so my challenge begins, and I want to make my late husband proud of me by being strong and independent and most importantly living up to my responsibility to get myself out of my jam. I was afraid he'd be disappointed in me for being so stupid in thinking the recession couldn't touch me, and especially because he was such a cash only type of man, but he was a wonderful man who I feel is giving me strength from heaven.

I wish you all a happy mother's day. My girls cooked breakfast for me, and we'll be spending the afternoon doing some spring cleaning and hopefully finding some things to put on ebay. This evening, my girls have a school basketball game to go to, so I'll be going through some low-cost recipes online to make those rice and beans and beans and rice more palatable! I just pray I stay strong and not have that middle of the night panic come back.

Thanks again.

 

[taximomfor4]

It's ok, really. I know I may have sounded like I was whining, but I was just in a frozen panic, which is a terrible state of mind to be in.



Thanks again.

OP< you are soooo not alone. Don't let others who aren't bearing the same crosses as you lead you to doubt yourself. You've been given tremendous challenges, and will fight your way through them. Sometimes good people still get into bad situations, of all kinds. Chin up, and I wish you the best.

 

[jamstew]

Correction: it doesn't reward those who have consumer debt. You can't claim "need" because you have large monthly payments on CC debt.

Savings are expected to be used for college. You aren't always considered to have "need" if you have money in the bank that can be used toward education.

So true! A parent's definition of "need" and the same term as defined by colleges and governments couldn't be more different. They could absolutely care less how much consumer debt you have and look (almost) solely at your income and assets.

 

[gobraves39560]

It's ok, really. I know I may have sounded like I was whining, but I was just in a frozen panic, which is a terrible state of mind to be in.

I was able to get my CC rates lowered a bit, which will help. I decided to use $23,000 of my savings to pay off a big chunk of the debt. I've also been reading Dave Ramsey's website (thank you for that suggestion) and will be following his plan to pay off the smallest card on up, and snowball those payments onto the next card. I have 3 cards, and will close one when it's empty of the debt. I've written out my expenses vs my income, and although it'll be difficult, I'm telling myself it'll make me and my girls stronger and wiser about money.

I love the idea of a movie night with my girls, with free movies from the library.

This has been a scary and exhausting few days, but I've learned to keep a cool head and stay calm. When I originally posted, I thought it was the end of the world. I'm now grateful that I didn't get that HELOC, as my equity is staying safely where it belongs. Although I admit I cried when I got to my car when I got out of the bank after being denied.

To the kind people who PMed me, I'm sorry I couldn't respond due to not having enough posts. All of your advice and support has helped me so much.

And so my challenge begins, and I want to make my late husband proud of me by being strong and independent and most importantly living up to my responsibility to get myself out of my jam. I was afraid he'd be disappointed in me for being so stupid in thinking the recession couldn't touch me, and especially because he was such a cash only type of man, but he was a wonderful man who I feel is giving me strength from heaven.

I wish you all a happy mother's day. My girls cooked breakfast for me, and we'll be spending the afternoon doing some spring cleaning and hopefully finding some things to put on ebay. This evening, my girls have a school basketball game to go to, so I'll be going through some low-cost recipes online to make those rice and beans and beans and rice more palatable! I just pray I stay strong and not have that middle of the night panic come back.

Thanks again.

Thank you for understanding!! I feel like the most selfish person in the world since I first posted the comment. I will never comment without reading the posts fully first!! I know that things will work out for you!! You seem like such a Strong person, and you are in my prayers!!

 

[Kay1]

It's ok, really. I know I may have sounded like I was whining, but I was just in a frozen panic, which is a terrible state of mind to be in.

I was able to get my CC rates lowered a bit, which will help. I decided to use $23,000 of my savings to pay off a big chunk of the debt. I've also been reading Dave Ramsey's website (thank you for that suggestion) and will be following his plan to pay off the smallest card on up, and snowball those payments onto the next card. I have 3 cards, and will close one when it's empty of the debt. I've written out my expenses vs my income, and although it'll be difficult, I'm telling myself it'll make me and my girls stronger and wiser about money.



Thanks again.

That's wonderful news. It sounds like you'll be fine and on the mend in no time. I'm sure your husband would be very proud of the job you're doing mothering those girls - they sound terrific. Happy Mother's Day to you, too.

 

[TinkOhio]

Just popping in to wish the OP great success in her efforts. Stick with it...you can do it! ...(and happy Mother's Day!)